BSE midcap, smallcap indices close at new highs The S&P BSE Midcap and the S&P BSE Smallcap indices settled at their respective new highs on the closing basis on the BSE, following a strong rally in education, pharmaceutical, chemicals, infrastructure and jewellery stocks. The S&P BSE Smallcap index ended at record high of 17,943.86 on closing level on Thursday surpassed its previous high of 17,910.90 on November 6, 2017. The S&P Midcap index too closed at new high of 16,836.18, surpassed it earlier high of 16,794.23 on November 21, 2017. READ MORE
In a volatile trading session, the benchmark indices ended flat with the Nifty settling below 10,350 as the market consolidated in want of fresh triggers after the September quarter earnings season wound down. Shares of insurance companies shed up to 5% after the Finance Ministry formed a task force to study and submit a report on redrafting of the direct tax code within six months. Meanwhile, a rally in oil prices continued to reduce expectations of rate cuts ahead of the Reserve Bank of India’s policy meeting early next month. Overseas, ...
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