Small-& Mid-cap indices at record highs
Nifty Small-cap and Mid-cap indices have managed to register fresh all-time highs on closing basis. Breadth of the market is very strong as more than 83 per cent of NSE-500 stocks are placed above their respective 200 DMA, said Devarsh Vakil, deputy head (retail research) at HDFC Securities.
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New Delhi: Nifty Small-cap and Mid-cap indices have managed to register fresh all-time highs on closing basis. Breadth of the market is very strong as more than 83 per cent of NSE-500 stocks are placed above their respective 200 DMA, said Devarsh Vakil, deputy head (retail research) at HDFC Securities.
In a volatile trading session, Nifty managed to close above the 19,300 mark at 19,343, its second consecutive session of gains, while Sensex gained 79 points to end at 65,075.
Realty, metal and media stocks were in demand while PSU bank, FMCG and pharma shares declined. Jio Financial Services Ltd was the largest gainer in the index, rising by five per cent. Nifty Mid-cap and Small-cap-100 Index outperformed the Nifty where they gained 0.34 per cent and 0.54 per cent, respectively, as against 0.19 per cent rise in the Nifty, Vakil said.Advancing shares outnumbered the declining shares as advance decline ratio stood at 1.37 levels on BSE, the highest in last five days. NSE cash market volumes were higher as compared to recent average.
