Nifty Midcap100 index hits new high

Hindustan Zinc, Shree Cement, Reliance Infra, Crisil, Jubilant Life Sciences and Pidilite Ind were up more than 6% each.

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.

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