Nifty Midcap index touched a new 52-week high on November 12. The index skyrocketed by more than 515 points. In a 30-day timeframe, the index has rallied 3%. The biggest drivers of the index are stocks like BSE, Indus Tower, Bharat Forge, AU Small Finance Bank, Persistent Systems, Vodafone Idea, BHEL, Hitachi Energy, and National Aluminum, among others. However, Mahindra & Mahindra Finance emerged as the biggest loser for the index. Check whether your mid-cap stock is among the gainers of losers!
Nifty Midcap Index:
At the time of writing, the Nifty Midcap index traded at 60,924.10, higher by 497.10 points or 0.82%. In the early trade, the index touched a new all-time high of 60,942.30.
The index has gained nearly 3% over the past 3 months.
Midcap Stocks Performance On November 12:
Currently, the gainers list is led by BSE Ltd., whose stock zoomed by more than 6%. Further, Max Financial Services (MFSL), Indusind Bank, Premier Energies, Tata Elxsi, Mphasis, and Concor rallied by a whopping 3% to 4.6%.
Stocks like Tata Technologies, Persistent System, Cochin Shipyard, KPIT Tech, Oracle Financial Services, Adani Total Gas, Lupin, Hero Motocorp, Indus Tower, 360 One, Sona BLW Precision, Oil India, Coforge, Dixon Tech, Voltas, UPL, IREDA, Biocon, Exide Ind, Godrej Properies, Waaree Energies, Mankind, Astral, Union Bank, Suzlon, Vodaofone Idea, NMDC, and IDFC First Bank gained by 1% to 2%.
Among the top losers are --- PI Industries, Torrent Power, Fortis, M&M Finance, Muthoot Finance, Prestige, HUDCO, NYKAA, Paytm, and Tata Communication, which dropped by 1.2% to 4.6%.
Market Outlook Is Positive:
"Sentiments have turned for the better with news of an India-US trade deal getting finalised soon and the exit polls indicating a decisive victory for the NDA in Bihar. This will strengthen the bulls but is not good enough for the markets to stage a decisive breakout and sustained rally. Going by the present trends, FIIs are likely to sell again at higher levels. So long as the AI trade continues a sustained reversal of FII money appears unlikely," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
Top Midcap Gainers & Losers On 30-Days Performance:
Top Gainers:
Bharat Forge: 15% Growth
AU Small Finance Bank: 16.5% Growth
L&T Finance: 15.2% Growth
National Aluminium (NALCO): 18.44% Growth
Hitachi Energy: 24% Growth
Bank of India: 15% Growth
BHEL: 19.3% Growth
Persistent Systems: 12.6% Growth
Indus Tower: 13.3% Growth
Sona BLW Precision: 13.2% Growth
Vodafone Idea: 13.3% Growth
BSE: 11% Growth
Aditya Birla Capital: 12.3% Growth
Indian Bank: 12% Growth
Cummins India: 11.30% Growth
Top Losers:
M&M Finance: 86% Fall
Godfrey Phillips: 9.5% Fall
Swiggy: 9.5% Fall
Supreme Ind: 8.6% Fall
Blue Star: 9% Fall
Mankind: 10% Fall
Voltas: 8% Fall
Dixon Tech: 13.5% Fall
OFSS: 10.5% Fall
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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