BSE Midcap, smallcap indices hit new high
The S&P BSE Smallcap index hit a new high of 18,064.54, while the S&P BSE Midcap index touched a fresh high of 16,937.27 on the BSE in intra-day trade. Both these indices surpassed their previous high of 18,032.91 and 16,850.56, respectively, touched on November 7, 2017 in intra-day trade.
At 10:17 AM; the midcap and smallcap indices were up 0.6% each, as compared to 0.35% rise the benchmark index S&P BSE Sensex. The Sensex hit an intra-day high of 33,714.42 today, is 151.53 points away from its record high of 33,865.95 hit on November 7, 2017 in intra-day trade.
Sangam (India), Swaraj Engines, Praj Industries, Alankit, Indosolar, HSIL, MT Educare, INEOS Styrolution India and Patel Engineering from the smallcap indices have rallied more than 8%.
Crompton Greaves, RBL Bank, Page Industries, Natco Pharma, Shriram City Union Finance and Aditya Birla Fashion and Retail from the midcap index were up between 2% and 7%.
Swaraj Engines surged 16% to Rs 2,207 on the BSE in intra-day trade after auto ancillary company said that its board will meet on November 28, 2017, to consider the proposal to buyback the fully paid-up equity shares of the company.
Patel Engineering soared 11% to Rs 93, extending its Thursday’s 8% rally on the BSE, after the media report suggested that Lodha Developers has bought 5 acres of prime land in Mumbai’s Jogeshwari suburb from the company for Rs 376 crore.