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The Bombay Stock Exchange (BSE) S&P BSE Mid-cap index is approaching a record high in today's trade. At the intra-day high of 11,104, the S&P BSE Mid-cap index was a mere 14 points away from its lifetime high touched three months ago. The index had touched a record high of 11,117 in intra-day trades on April 16, 2015.
Since June 11, 2015, the S&P BSE Mid-cap index has outperformed the other indices to gain 10%. The S&P BSE Small-cap index gained 9% and the S&P BSE Sensex added 6.8% during the same period.
The foreign institutional investors (FIIs) and domestic mutual funds have collectively bought equity shares worth a net Rs 10,766 crore in the past 22 trading sessions, the Sebi data shows.
Essar Oil, Hindustan Petroleum Corporation (HPCL), Union Bank of India, Glenmark Pharmaceuticals, Eicher Motors, Mangalore Refinery & Petrochemicals, L&T Finance Holdings, Crompton Greaves and Aurobindo Pharma are some midcap stocks that have rallied more than 20% in the past one month.
Among individual stocks, Essar Oil has zoomed by 61% from Rs 118 to Rs 189 on the BSE. On July 9, the Russian oil major Rosneft signed a preliminary agreement with the Essar group, controlled by the Ruias, to buy a 49% stake in Essar Oil’s Vadinar refinery and supply 100 million tonnes of oil to the latter for the next 10 years.
HPCL rallied 22% from Rs 691 to Rs 842 on the back of a sharp dip in the prices of brent crude.
Since June 11, 2015, the S&P BSE Mid-cap index has outperformed the other indices to gain 10%. The S&P BSE Small-cap index gained 9% and the S&P BSE Sensex added 6.8% during the same period.
The foreign institutional investors (FIIs) and domestic mutual funds have collectively bought equity shares worth a net Rs 10,766 crore in the past 22 trading sessions, the Sebi data shows.
Essar Oil, Hindustan Petroleum Corporation (HPCL), Union Bank of India, Glenmark Pharmaceuticals, Eicher Motors, Mangalore Refinery & Petrochemicals, L&T Finance Holdings, Crompton Greaves and Aurobindo Pharma are some midcap stocks that have rallied more than 20% in the past one month.
Among individual stocks, Essar Oil has zoomed by 61% from Rs 118 to Rs 189 on the BSE. On July 9, the Russian oil major Rosneft signed a preliminary agreement with the Essar group, controlled by the Ruias, to buy a 49% stake in Essar Oil’s Vadinar refinery and supply 100 million tonnes of oil to the latter for the next 10 years.
HPCL rallied 22% from Rs 691 to Rs 842 on the back of a sharp dip in the prices of brent crude.
