 "Nifty Midcap100 index hits new high")
Nifty Midcap100 index hit a new high after stocks such as Hindustan Zinc, Shree Cement, Reliance Infrastructure, Crisil, Jubilant Life Sciences and Pidilite Industries rallied over 6% on the National Stock Exchange (NSE) on Monday.
At 02:55 pm, Nifty Midcap100 index was up 2.7% at 15,830, as compared to 1.5% rise in the Nifty 50 index. The midcap100 index hit a new high of 15,839 in intra-day trade, surpassing its previous high of 15,817.90, touched on September 29 during the trade.
Reliance Infrastructure surged 8% to Rs 598 after Anil Ambani-led Reliance Group and Rafale maker Dassault Aviation announced a joint venture (JV) that will be a "key player" in execution of offset contract worth about Rs 22,000 crore as part of the fighter jet deal.
The “Dassault Reliance Aerospace” Joint Venture will be a key player in the execution of offset obligations, as a part of the 36 Rafale fighter Jets purchase agreement at a value of €7.87 billion, or about Rs.59,000 crore signed between France and India on September 23, 2016, Reliance Infra said in a press release.
Jubilant Life Sciences was up 7% at Rs 655, after hitting a record high of Rs 676 in early morning trade. The company said its wholly-owned subsidiary has received approval from the US health regulator for RUBY-FILL — Rubidium 82 generator and elution system — used in diagnosis of coronary artery disease in the US market.
Total 11 stocks from the Nifty Midcap100 index include - Ceat, Crisil, Hindustan Zinc, Jubilant Life Sciences, Kansai Nerolac, Mahindra & Mahindra Financial Services, MRF, Shree Cement, SRF, TVS Motor Company and Vakrangee – hit their respective record highs on the NSE.
At 02:55 pm, Nifty Midcap100 index was up 2.7% at 15,830, as compared to 1.5% rise in the Nifty 50 index. The midcap100 index hit a new high of 15,839 in intra-day trade, surpassing its previous high of 15,817.90, touched on September 29 during the trade.
Reliance Infrastructure surged 8% to Rs 598 after Anil Ambani-led Reliance Group and Rafale maker Dassault Aviation announced a joint venture (JV) that will be a "key player" in execution of offset contract worth about Rs 22,000 crore as part of the fighter jet deal.
The “Dassault Reliance Aerospace” Joint Venture will be a key player in the execution of offset obligations, as a part of the 36 Rafale fighter Jets purchase agreement at a value of €7.87 billion, or about Rs.59,000 crore signed between France and India on September 23, 2016, Reliance Infra said in a press release.
Jubilant Life Sciences was up 7% at Rs 655, after hitting a record high of Rs 676 in early morning trade. The company said its wholly-owned subsidiary has received approval from the US health regulator for RUBY-FILL — Rubidium 82 generator and elution system — used in diagnosis of coronary artery disease in the US market.
Total 11 stocks from the Nifty Midcap100 index include - Ceat, Crisil, Hindustan Zinc, Jubilant Life Sciences, Kansai Nerolac, Mahindra & Mahindra Financial Services, MRF, Shree Cement, SRF, TVS Motor Company and Vakrangee – hit their respective record highs on the NSE.
| COMPANY | LATEST | PREV CLOSE | GAIN(%) |
| HIND.ZINC | 254.85 | 233.35 | 9.21 |
| RELIANCE INFRA. | 594.00 | 551.25 | 7.76 |
| SRF | 1907.60 | 1777.70 | 7.31 |
| CRISIL | 2379.70 | 2229.70 | 6.73 |
| JUBILANT LIFE | 654.75 | 614.30 | 6.58 |
| PIDILITE INDS. | 723.70 | 681.60 | 6.18 |
| M & M FIN. SERV. | 385.15 | 364.30 | 5.72 |
| SOUTH IND.BANK | 23.05 | 21.85 | 5.49 |
| SHREE CEMENT | 17975.10 | 17042.70 | 5.47 |
| KANSAI NEROLAC | 377.95 | 360.15 | 4.94 |
| SUN TV NETWORK | 530.10 | 505.15 | 4.94 |
| ARVIND LTD | 353.70 | 337.10 | 4.92 |
| THERMAX | 884.75 | 845.20 | 4.68 |
| IRB INFRA.DEVL. | 256.35 | 245.15 | 4.57 |
| BHARAT FINANCIAL | 920.15 | 880.65 | 4.49 |
| DLF | 152.60 | 146.15 | 4.41 |
| DISH TV | 97.15 | 93.10 | 4.35 |
| UNION BANK (I) | 143.30 | 137.35 | 4.33 |
| RELIANCE CAPITAL | 569.60 | 546.90 | 4.15 |
| CAIRN INDIA | 208.25 | 200.05 | 4.10 |