INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most midcap stocks were witnessing decent traction during Thursday's trade.
The BSE Midcap index was trading 0.96 per cent up at
15,782 around 11:10 am on Thursday
Equity benchmark Sensex was 0.87 per cent up at 36,579, while the Nifty50 was 0.86 per cent up at 11,043 around that time.
Shares of
Mangalore Refinery and Petrochemicals (MRPL) (up 4.73 per cent), GMR Infrastructure (up 4.41 per cent), Jindal Steel Power (up 3.49 per
cent), Reliance Capital (up 2.92 per cent) and Mphasis (up 2.74 per cent) were among the top gainers in the midcap index.
However, Vakrangee
(down 1.63 per cent), Tata Power Company (down 1.45 per cent), Bayer Cropscience (down 1.01 per cent), Rajesh Exports (down 0.92 per cent)
and Shriram City Union Finance (down 0.80 per cent) were among the top losers in the index around that time
Equity markets were up amid positive Asian cues, while a fresh fall in global crude oil prices and an improvement in Indian rupee against
the US dollar also influenced the sentiment.
The rupee strengthened against the US dollar ahead of the release of industrial growth (IIP)
data for May and retail inflation (CPI) data for June.
In the Sensex index, 24 stocks were advancing in trade, compared with 7 stocks that
were declining.
YES Bank, Reliance Industries, State Bank of India and Tata Steel were leading among the Sensex gainers.
