Stock market index Nifty Midcap 100 hit a fresh record by rising over 0.73%, touching 41,708 in intraday trade on Wednesday, November 16. The NSE benchmark was up around 264 points at 2:20 pm.
The NSE benchmark opened in the green 0.19% higher, trading at 41,485 in early morning session on November 16, against previous close at 41,404. Meanwhile, Nifty 50 and Nifty Bank were in the red, down 0.15% and 0.07%, respectively.
Today’s gain is led by Coforge, which rose about 5.83% to ₹5,239 per piece, Mphasis at 4.45% to ₹2,269 and Dixon Technologies at 3.36% to ₹5,273. On the other hand, One 97 Communications fell 1.28% and Poonawalla Fin fell over 1.63% in Wednesday’s trading session.
On September 5, Nifty Midcap 100 index soared to an all-time high gaining more than a percent and crossing the 40,000 mark for the first time. The index is up more than 27% this year so far. While, Nifty Smallcap 100 index jumped over 30%.
The Nifty Smallcap 100 index also rose around 0.83%, touching 13,903 on Wednesday. The growth was led by Manpurram Fin, which increased by 5.91%, KEI Industries by 3.41% and Zensar Tech by 2.67%.
Meanwhile, Nifty 50 and Nifty Bank were trading 0.87% and 0.33% higher at 19,846.65 and 44,347.65, respectively.
The stock market opened on a flat note today amid mixed global signals. The Sensex was down 0.20% at 65,547, while Nifty was down 0.19% at 19,638 at 9:15 am IST.
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Updated: 16 Nov 2023, 16:08 IST