Broader equity markets outperformed key benchmark indices on Wednesday, November 4, with Nifty Midcap 100 and Nifty Smallcap 100 closing significantly higher over Nifty50 and Sensex.
Nifty Smallcap 100 and Nifty Midcap 100 outperform Nifty50 and Sensex
The Nifty Smallcap 100 index rose 2 percent to 19,026.40. The index touched an intraday high of 19,042.65 against its opening level of 18,630.30. It had closed at 18,652.85 in the previous session.
Among the top gainers on the index were GMDC whose shares rallied 10.08 percent, followed by Redington (9.47 percent), IIFL (7.48 percent), Godawari Power and Ispat (7.32) and Jyoti CNC Automation (7.10 percent). Among the other winners on the index were - Inox Wind, Himadri Speciality Chemical, Dr. Lal Path Labs, Aegis Logistics and Sammaan Capital Kirloskar Oil Engines and Sterlite Technologies whose shares jumped over 5 percent.
The Nifty Midcap 100 also witnessed strong buying, surging 1.55 percent to settle at 59,505.50. The index hit an intraday high of 59,515.65 after opening at 58,497.35. Its previous close was 58,596.25.