Meissner Effect
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In 1933, Meissner and Ochsenfeld found that if a superconducting material is cooled to below its transition temperature, in a magnetic field, then the lines of induction B are pushed out. This is shown in the figure below.

Meissner effect in a superconductor
The Meissner effect shows that a bulk superconductor behaves as if inside it, B is zero.
High Tc Superconductivity
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This table shows that some materials, mainly oxides, have a fairly high critical temperature Tc. The 125K bulk super conducting oxide was discovered in 1988. High Tc superconductors have promising commercial applications in thin film devices, levitated vehicles and long distance power transmission.
In MRI (magnetic resonance imaging) instruments, superconducting magnets made with these high T
c materials are being used. These can be cooled with liquid nitrogen. Earlier, liquid helium was required which was much more expensive.