Market Now: Smallcap and midcap indices hit record highs

NEW DELHI: Broader midcap and smallcap indices were outperforming benchmarks in Wednesday's trade, with BSE Midcap and BSE Smallcap indices hitting a fresh all-time high of 16,183.88 and 16,981.65, respectively.

The BSE Midcap index was trading 4 points up at 16,115, while BSE Smallcap index was at 16,905, up 11 points at 1.36 pm (IST).

Benchmark Nifty and Sensex were trading 10 points down at 10,137 and 32,392, respectively, around the same time.

Midcap stocks such as Divi's Lab, Reliance Power, Nalco, Adani Power, NBCC and Crompton Greaves Consumer Electricals were gaining in trade.

However, Central Bank, Mahindra & Mahindra Financial Services, OFSS, Mangalore Refinery & Petrochemicals and Wockhardt were losing.

Vivimed Labs, Walchandnagar Industries, Peninsula Land and Capri Global Capital were the smallcap stocks that surged over 10 per cent today.

Sustained selling in private bank, auto and IT stocks kept the benchmark indices in the lower range.

Tata Motors, Hero MotoCorp, Hindustan Unilever, Sun Pharma, Asian paints and Coal India slipped over 1 per cent in the BSE Sensex index.

Among the gainers, Dr Reddy's continued its bullish run, gaining up to 4 per cent. Oil & Natural Gas, ITC and State Bank of India gained over 1 per cent.

On the NSE, 851 stocks were advancing, compared with 764 stocks declining and 342 stocks remaining unchanged.

On BSE, 1,251 stocks were advancing whereas 1,203 stocks were lagging and 151 stocks were appearing unchanged.

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