BSE Midcap, smallcap indices hit new high

Sangam (India), Swaraj Engines, Praj Industries, Alankit, Indosolar, HSIL, MT Educare, INEOS Styrolution India and Patel Engineering from the smallcap indeed have rallied more than 8%.

The S&P BSE Midcap and the S&P BSE Smallcap indices hit their respective new high on the BSE on Friday, following an extending rally in infrastructure, auto ancillary, education, textiles and public sector banks.

The S&P BSE Smallcap index hit a new high of 18,064.54, while the S&P BSE Midcap index touched a fresh high of 16,937.27 on the BSE in intra-day trade. Both these indices surpassed their previous high of 18,032.91 and 16,850.56, respectively, touched on November 7, 2017 in intra-day trade.

At 10:17 AM; the midcap and smallcap indices were up 0.6% each, as compared to