Stock market, Oct. 27 -- Midcap stocks showed sterling performance in October, with the Nifty Midcap 150 gaining steadily amid valuation concerns. Investors should focus on fundamentals, governance quality, and sectoral momentum-balancing optimism with caution as elevated multiples hint at selective opportunities over broad exposure.

India's midcaps showed a modest but positive performance in October, characterized by a mixed stock market environment that nonetheless indicated cautious optimism among investors.

The BSE Midcap index, a key indicator of Midcap stock performance, registered a slight rise of around 0.09% recently and an increase of 0.86% over the past five days as of late October. This suggests a gradual upward trend in the...