The Bombay Stock Exchange's small- and mid-cap indices touched an all-time high on Wednesday. |
The BSE Small-cap Index closed at 10,039.38, while the BSE Mid-cap Index ended at 8,285.63 on Wednesday. |
|
The small-cap index surpassed its earlier peak of 9,847.02 that it touched on November 5, while the mid-cap index crossed the peak of 8,135.21 that it hit on October 31. The small-cap index gained 238.09 points, while the mid-cap index rose 171.91 points. |
|
"Since the gap in valuations between large- and mid-cap stocks is widening, many institutional investors have been looking at mid-cap companies, resulting in a faster rise in the indices representing these firms. The catch-up game is beginning," said Almondz Securities CEO Harjit Singh Sethi. |
|
The BSE Sensex Today reported a record single-day gain of 893.58 points after the positive political news and strong global cues. The index closed 19,929.06, a 4.69 per cent rise over the previous day's close of 19,035.48. |
|
However, the Sensex is still below its all-time closing high of 19,977.67 that it touched on October 29. The Sensex has recovered 9.6 per cent of the previous six trading days' loss in just two trading days. |
|
The benchmark index recovered by 1,191.79 points (up 893.58 points yesterday) and (up 298.21 points on Tuesday) after losing 1,238.96 points in the six trading days between November 5 and 12. |
|
|
|