Nifty Midcap 100 index hits new high

Bajaj Finserv, GSFC, Balkrishna Inds, Finolex Inds, Minda Inds and Tata Metaliks hits new high.

Nifty Midcap 100 index hit its new high after a better-than-expected Gross Domestic Product (GDP) growth in the October-December quarter of the fiscal year 2016-17 (Q3FY17) stunned the Street.

Nifty Midcap 100 index touched new high of 16,605, surpassing its previous high of 16,510 touched on February 22, 2017 during intra-day trade on the National Stock Exchange (NSE). Nifty Smallcap 100 index too hit a record high of 6,764 on the NSE in intra-day trade.

Meanwhile, the S&P BSE Smallcap index hit a fresh nine-year high of 13,792 on the BSE in early morning trade on Wednesday. The