3 weeks ago
Nifty Still 8% Below Record High; Midcaps, Smallcaps Lead Recovery
The stock market is like a giant scoreboard that shows how well companies are doing.
In India, the Nifty 50 is one of the most watched scoreboards, tracking the biggest companies.
Right now, the Nifty 50 is still 8% below its best score ever.
The scoreboards for medium-sized and small companies are much closer to their best scores.
That suggests people have been buying more medium and small company stocks lately.
A company called Abakkus Mutual Fund looked at market records going back to 1991.
They found that small dips in the market happen about once every 1.3 years, while bigger crashes happen less often.
In 2020, during the Covid-19 pandemic, the market fell a lot but made a full recovery in about 300 days.
The 2008 crash was even deeper and took much longer to bounce back.
The report says market drops are normal, but smaller company stocks can fall harder and take longer to recover.
India's Nifty 50 needs an 8% gain from its July 31, 2026 level of 24,384 to reclaim its record high of 26,329, according to an Abakkus Mutual Fund analysis.
One article also cites a Nifty peak of 27,256 from September 2024 requiring a 6.9% gain, differing from the 26,329 record high shown in the report's table.
The Nifty Midcap 150 is just 0.14% from its record high of 23,171, while the Nifty Smallcap 250 needs a 3.92% rise to its September 2024 peak of 18,623.
Since 1991, the Nifty 50 has recorded 27 minor corrections (5-10%), 13 moderate corrections (10-20%) and 9 major bear markets (declines over 20%).
In the 2020 Covid-19 crash the Nifty fell 38.4% and recovered within 300 days, while in the 2008 crisis it fell 59.9% and took 1,032 days; midcaps (73.4%) and smallcaps (76%) fell deeper and took longer to recover.
- Who
- Indian stock market investors; the analysis was prepared by Abakkus Mutual Fund.
- What
- An analysis of how far India's major market indices are from their record highs, showing the Nifty 50 needs an 8% gain to recover while midcap and smallcap indices are much closer, backed by historical correction data since 1991.
- Where
- India; the report is datelined Mumbai.
- When
- Reported on a Wednesday in August 2026, using market data as of July 31, 2026.
- Why
- Investors have shown a stronger preference for midcap and smallcap stocks during the recent recovery, and the analysis notes corrections are a regular part of equity investing, with smaller stocks historically falling deeper and recovering slower.
Key facts
- Report source
- Abakkus Mutual Fund analysis
- Nifty 50 gain needed from July 31, 2026
- 8% (from 24,384) to record high of 26,329
- Nifty 50 record high
- 26,329 (January 2, 2026)
- Nifty Midcap 150
- 0.14% from record high of 23,171 (July 21, 2026)
- Nifty Smallcap 250
- 3.92% from peak of 18,623 (September 2024)
- Corrections since 1991
- 27 minor (5-10%), 13 moderate (10-20%), 9 major bear markets (>20%)
- Covid-19 crash (2020)
- Nifty fell 38.4%; recovered within 300 days
- 2008 financial crisis
- Nifty fell 59.9% (1,032 days); Midcap 73.4% (2,328 days); Smallcap 76% (2,442 days)
Sources
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