#A3RT 

The benchmark indices have staged a smart recovery from the day's low on August 22, with Nifty50 index making a strong effort to hold above the 19,400 level.The major indices were trading near the high of the day.

About 1,968 shares advanced, 1,054 shares declined, and 121 shares traded unchanged till noon.

The Nifty Midcap index maintained its dream run and crossed the 38,700 mark for the first time. The Nifty Midcap 100 has now gained over 32 percent from its March lows.

"Lot of institutional and retail money is chasing mid and small caps. But valuations of these segments are becoming a bit concerning. Investors have to be careful while chasing low-priced stocks in the broader market,"

In the midcap space, CG Consumer and GMR Airports were among the top gainers, up over 4 percent and 3 percent, respectively.

Crompton Greaves Consumer Electricals extended gains for the third session after recent investor meetings and the announcement of Crompton 2.0 strategy has led to positive ratings from brokerage houses. CLSA has upgraded the stock to a 'buy' with a target price of Rs 365.

GMR Airports sees an increased investor interest following a sharp rise in passenger traffic. India's domestic air passenger traffic volume surged 25 percent on-year to 1.21 crore in July, according to DGCA data.

@arbindtiwariT