BSE Mid-Cap Index Arrives At New Crest
The BSE Mid-Cap Index has made fresh all-time highs during this intermediate uptrend. It augmented 33.71 points, or 0.53%, to end at 6,417.90. It also hit a record high of 6435.32 during the day.
The components taking the BSE Mid-Cap Index to an upper rank include Entertainment Network, which increased 20% to Rs 506.60, Novartis India gained 14.42% to Rs 398.30, Honeywell Automation boosted 9.81% to Rs 2060, Lakshmi Energy benefited 9.19% and Titan Industries attained 8.78%. But all these stocks have less than 1% weightage each in the BSE Mid-Cap index.
With the second highest weightage of 1.4% in the BSE Mid-Cap index, GE shipping Company cast off 3.45% to Rs 335.90.
The BSE Mid-Cap index has saw a hearty increase over the past few months. It ascended 20.18% from a low of 5,209.29 on 2 April 2007 to 6,261.02 on 5 June 2007. It turned down 5.8% to 6,065.63 on 13 June 2007, a new low. From this level, it has gained 5.8% at current 6417.90.
At the current 14,501.08, the 30-share BSE Sensex is 222 points afar from its record high of 14,723.88, which it had hit on 9 February 2007.
At the current 7,604.72, the BSE Small-Cap index is 268 points away from its all-time of 7,872.80 that it had hit on 11 May 2006.