New Delhi, May 11 -- Midcap stocks are trending upward, with the Nifty Midcap 100 Index reaching new highs. Early signs suggest a potential multiyear breakout following a 20-months of consolidation period from Sept 2024. Key reasons have been premium valuation, down in corporate earnings, FIIs selling, hawkish monetary policy and rise in geopolitical risk. Notably, FIIs have significantly reduced their selling activity in May, and-for the first time-DIIs buying has more than offset overall selling pressure. Mutual funds, alongside retail investors, have re-entered the market following a period of subdued sentiment seen in March and April when retail investors profit and loss booking heightened as the Middle East crisis escalated. Market o...