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BUZZ-India's NSE midcap 100 index hits record high
February 6, 2017 / 6:01 AM / 8 months ago

BUZZ-India's NSE midcap 100 index hits record high

** NSE midcap 100 index rises 1 pct to record high of 16,197.55

** BSE midcap index hits highest since Nov 1, 2016

** Analysts say strong corporate results, lower-than-expected impact from India’s high-value note ban aiding markets

** Most midcap stocks delivered “surprisingly stellar” results this quarter as there were expectations for them to perform weakly due to the demonetisation, says Hitesh Agarwal, EVP & Head - Retail Research, Religare Securities Ltd

** Housing Development and Infrastructure was top pct gainer on NSE midcap 100, rising as much as 9.8 pct to its highest since Nov 8

** Adandi Enterprises, Wockhardt Ltd, and Godrej Industries were among top gainers, climbing over 5 pct each

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