Key Points
On expected lines, the domestic market appears to have got a boost from the latest strong macroeconomic numbers and positive global cues as the BSE Midcap index hit a fresh all-time high of 27,293.43 while the BSE Smallcap index hit its fresh 52-week high of 30,969.95 in the morning trade on Friday (June 2)...
The midcap index opened slightly higher at 27,211.56 against the previous close of 27,130.43 and rose over half a per cent to hit a fresh high..
On the other hand, the smallcap index also opened higher at 30,806.42 against the previous close of 30,711.67 and rose about a per cent to hit its one-year peak..
Shares of Nuvoco Vistas Corporation, SJVN, Power Finance Corporation, Godrej Properties and Indian Overseas Bank were among the top gainers in the BSE Midcap index, rising between 2-6 per cent..
Apart from the better-than-expected FY23 GDP growth rate, high-frequency indicators like GST collections, manufacturing PMI, auto sales in May and impressive credit growth indicate a robust and steadily improving economy," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. ..
You might be interested in
Stock market today: BSE Sensex, Nifty50 hit fresh all-time closing highs
02, Sep, 24India Business News: Stock market today: BSE Sensex and NSE Nifty50 reached new all-time closing highs on Monday, driven by foreign fund inflows and a strong performance i
Technical Breakout Stocks: How to trade ICICI Bank and SBI on Thursday
06, Mar, 24The S&P BSE Sensex rallied over 400 points while the Nifty50 closed with gains of over 100 points to hit a fresh closing high. Sectorally, buying was seen in banks, IT, consumer durable, healthcare, and auto stocks while realty, power and oil & gas stocks saw some selling pressure.
Midcaps trump smallcaps in 2024 as investors seek valuation comfort in an overheated race. What lies ahead
20, Feb, 24If we look at the last five years, only once has this happened in 2022, where midcap stocks (1.38% returns) outshined the smallcap peers (-1.38%). Taking a slightly wider view, the midcap index has outperformed the smaller index (in terms of market cap) in six out of the last 10 years (including 2024).
Down 4%, Nifty Midcap 150 declines more than Nifty 50 in October; trend reversed on global headwinds
10, Nov, 23Prior to October, both indices had outperformed the other indices when compared on a three-month, six-month, and on an annual basis. In the last three months, Nifty Midcap rose 3 per cent and Nifty Smallcap 250 was up 5.89 per cent.
Sensex hits all-time high: Mcap of BSE-listed firms reach fresh record high of Rs 294.49 lakh crore in morning trade
21, Jun, 23Markets News: NEW DELHI: The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 294.
Up nearly 20%, these smallcap stocks score double-digit growth as broader indices continue to outperform; do you own?
05, Aug, 23The BSE SmallCap index rose 1.5 percent supported by Digispice Technologies, MPS, Optiemus Infracom, HCL Infosystems, Udaipur Cement Works, among others.
Pakistan's benchmark share index at all-time high
28, Nov, 23Pakistan News: Pakistan's benchmark share index breaches 60,000, reaches all-time high of 60,500.61 points. Investors expect central bank's policy interest rate cut
Over 40 smallcap stocks gain 10-30% as Sensex hits 11-week high on macro data, FII inflows; do you own?
02, Dec, 23The 30-share BSE Sensex jumped 492.75 points or 0.74 per cent to settle at 67,481.19, the highest closing level since September 18.
Nifty50 hits record high, BSE Sensex surges on GDP growth data, exit polls
01, Dec, 23India Business News: Nifty50 reached a fresh record high as the Indian economy grew faster than expected in the September quarter. The economy expanded by 7.6%, surpassing
Smallcap index down over 3% in February so far; time for bottom fishing?
13, Feb, 24BSE Smallcap index is down over 3 per cent in February so far, while Sensex is down 0.3 per cent.