The Nifty Midcap 100 Index rose by 1.11%, trading at 12,824.55 as of 11:19 AM. The index added 141.40 points, supported by strong performances in select midcap stocks across various sectors.
The index started the session on a positive note, opening at 12,746.50. It touched an intraday low of 12,678.10 before climbing to a high of 12,825.25, reflecting sustained buying interest. The index had closed at 12,683.15 in the previous session, showcasing a notable improvement today.
Top Gainers Driving the Midcap Rally
- Hindustan Petroleum (HINDPETRO): The stock surged 2.70% to trade at ₹410.30, with an intraday high of ₹410.70. It opened at ₹400.05, marking strong momentum during the session.
- Cummins India (CUMMINSIND): Trading at ₹3,384.80, the stock gained 2.17%. It touched a session high of ₹3,384.90, with an opening price of ₹3,343.00.
- Godrej Properties (GODREJPROP): The real estate major advanced by 1.93% to ₹2,911.00, reaching an intraday high of ₹2,916.95. The stock opened at ₹2,861.10.
- Ashok Leyland (ASHOKLEY): The stock climbed 1.97% to trade at ₹221.57, after opening at ₹217.35 and hitting a high of ₹222.76.
- Bharat Forge (BHARATFORG): The engineering giant rose 1.83%, trading at ₹1,302.35. It touched a high of ₹1,302.60 after opening at ₹1,284.00.
The rally in midcap stocks reflects optimistic sentiment across key sectors, with gains led by energy, industrials, and real estate counters.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Investors are advised to conduct their own research or consult with a financial advisor before making any investment decisions.