BSE midcap index hits record high; smallcap index hits over 8-year high

  Shares of midcap and smallcap companies were continue at their upward movement with the BSE midcap index hitting fresh record high, while smallcap index touching an over 8-year high in intra-day trade on Tuesday.

At 03:27 am, the S&P BSE Smallcap index was up 0.70% at 13,214.37 and the S&P BSE Midcap index by 0.62% at 13,566.43, as compared to 0.32% rise in the benchmark S&P BSE Sensex at 28,334.34 points.

The BSE Midcap index hit fresh record high of 13,572.60 in intra-day trade, surpassing its previous high of 13,525.71 touched on September 7 this year.

The smallcap index hit an intra-day high of 13,221.76, its highest level January 10, 2008. It touched an all-time high of 14,239.24 on January 8, 2008 in intra-day trade.

In past three-trading sessions, the midcap and smallcap indices were gain nearly 5% each, against 1.8% rise in the benchmark index.

Union Bank of India, Canara Bank, Bank of India and Dena Bank from the midcap and smallcap banking shares gain more than 3% each after the country’s newly appointed monetary policy committee delivered a surprise 25-basis-point cut in the repo rate to 6.25%.

Total 57 stocks from the midcap and smallcap indices have hit their respective record highs on the BSE. The list includes Ceat, Escorts, GHCL, Havells India, LIC Housing Finance, TVS Motor Company, Whirlpool of India, NBCC and MRF.

According to CRISIL, A consistent improvement in private consumption demand, and higher government expenditure should lead to even higher production and capacity utilisation in consumption-linked sectors. For firms in these sectors, profitability will also be buoyed by low input costs stemming from a sharp decline in energy and metals prices over the past two years.

COMPANY LATEST ALL TIME HIGH PREV HIGH PREV DATE AARTI INDS. 679.00 680.00 649.00 03-Oct-16 ADI FINECHEM 435.80 454.90 450.00 03-Oct-16 AJANTA PHARMA 2036.75 2127.00 2104.00 03-Oct-16 ATUL 2412.00 2431.00 2394.00 03-Oct-16 BALKRISHNA INDS 1090.50 1110.00 1044.00 03-Oct-16 BLUE STAR 564.10 580.00 577.00 03-Oct-16 BOROSIL GLASS 6635.00 6719.00 6345.00 03-Oct-16 CARBORUNDUM UNI. 294.95 303.00 284.30 19-Aug-16 CEAT 1369.00 1385.05 1375.00 03-Oct-16 CENTURY PLY. 262.00 263.00 262.60 29-Sep-16 CHOLAMAN.INV.&FN 1210.75 1225.00 1215.00 02-Sep-16 CRISIL 2468.00 2480.00 2409.95 03-Oct-16 DALMIA BHAR. 1970.80 2020.00 1944.70 03-Oct-16 ENT.NETWORK 865.10 907.95 905.00 03-Oct-16 ESCORTS 408.80 414.20 409.90 03-Oct-16 FIEM INDS. 1166.00 1201.10 1155.15 29-Sep-16 FORCE MOTORS 3846.00 3897.00 3785.00 20-Oct-15 GARWARE-WALL ROP 541.45 548.00 540.00 30-Sep-16 GHCL 275.10 276.30 269.60 02-Sep-16 GIC HOUSING FIN 334.70 338.50 337.50 27-Jul-16 GOODYEAR INDIA 725.00 749.90 747.00 03-Oct-16 GULF OIL LUBRIC. 762.50 780.00 779.80 29-Sep-16 HAVELLS INDIA 454.50 455.00 433.50 03-Oct-16 HIKAL 222.00 228.50 226.00 03-Oct-16 I G PETROCHEMS 243.00 249.00 224.55 03-Oct-16 IGARASHI MOTORS 803.90 814.60 799.50 29-Sep-16 INDIABULLS HOUS. 874.10 875.70 859.20 03-Oct-16 INDIAN HUME PIPE 720.00 735.85 731.30 03-Oct-16 INDRAPRASTHA GAS 838.05 847.50 808.85 31-Aug-16 J K CEMENTS 893.00 904.95 899.00 03-Oct-16 JAY BHARAT MAR. 216.00 222.00 222.00 03-Oct-16 KAJARIA CERAMICS 699.90 721.00 712.45 29-Sep-16 KUSHAL TRADELINK 207.60 209.20 203.40 03-Oct-16 LAK. MACH. WORKS 4421.00 4507.40 4499.40 19-Nov-14 LIC HOUSING FIN. 596.00 599.00 598.95 03-Oct-16 M & M FIN. SERV. 382.00 405.00 387.60 03-Oct-16 MANPASAND BEVER. 774.00 775.80 775.00 03-Oct-16 MRF 51030.05 52499.95 52350.00 03-Oct-16 NBCC 275.55 283.50 267.00 13-Jul-16 ORIENT CEMENT 225.30 231.30 224.15 03-Oct-16 PETRONET LNG 367.15 368.85 366.30 06-Sep-16 RAMCO INDS. 190.55 191.50 186.00 16-Sep-16 RUSHIL DECOR 567.50 584.50 576.15 03-Oct-16 SH.PUSHKAR CHEM. 153.00 153.30 145.00 28-Sep-16 SIYARAM SILK 1420.00 1427.00 1400.00 07-Aug-15 STEEL STR. WHEEL 626.00 630.00 626.95 03-Oct-16 SUPREME PETROCH. 235.65 238.40 229.00 03-Oct-16 SUTLEJ TEXTILES 770.00 790.00 780.30 09-Aug-16 SWARAJ ENGINES 1342.00 1342.00 1294.00 26-Jul-16 T N NEWSPRINT 349.45 351.90 347.70 07-Sep-16 THE BYKE HOSPI. 194.15 200.00 195.60 28-Sep-16 THE RAMCO CEMENT 630.35 641.75 622.80 23-Sep-16 THIRUMALAI CHEM. 646.70 667.20 644.00 03-Oct-16 TUBE INVESTMENTS 600.00 613.05 610.00 16-Sep-16 TVS MOTOR CO. 376.50 385.00 383.20 03-Oct-16 VIVIMED LABS. 117.55 121.15 120.50 03-Oct-16 WHIRLPOOL INDIA 1073.90 1081.30 1054.90 30-Sep-16