BSE Midcap index hits fresh high, up over 1% for the day

BSE Midcap index hit a new high of 15,265, up 1%, surpasses previous high of 15,248 hit on July 17

The S&P BSE Midcap index hit a new high of 15,265, up 1% on BSE, after a strong gain in oil & gas, metals and financial stocks. The index surpassed its previous high of 15,247.90 touched on Monday, July 17, 2017 in intra-day trade.

Mangalore Refinery & Petrochemicals (up 6% at Rs 130) and Hindustan Petroleum Corporation (up 4% at Rs 383) from the oil & gas sector up more than 3% on merger talk with Oil and Natural Gas Corporation (ONGC).

Wockhardt, Alkem Laboratories, Divi’s Laboratories and Glenmark Pharmaceuticals from the pharma sector up 3%-4%, while Bajaj