BSE Midcap index hits new high as financials, Adani group stocks rally

At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE

The S&P BSE Midcap index hit a new high, crossing 20,000-mark for the first time ever in Monday's intra-day trade after a sharp rally in Adani Group and financial stocks.

At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent at 20,212, after hitting an intra-day high of 20,234 on the BSE . In comparison, the benchmark S&P BSE Sensex was up 1.08 per cent, while the S&P BSE Smallcap index gained 0.58 per cent, the exchange data shows.

Adani Transmissions and Adani Enterprises from the Adani group companies rallied