INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The BSE Midcap index was outperforming benchmark Sensex in Friday's session.
Around 12:45 pm, the midcap index was 1.05 per
cent up at 15,928, while the Sensex was 0.83 per cent up at 37,290.
Biocon (up 8.04 per cent) was among the top gainers in the midcap index
after the company reported its June quarter numbers.
The company reported a 47 per cent rise in consolidated net profit for the quarter
ended June 2018.
Reliance Nippon Life Asset Management (up 7.84 per cent), Dalmia Bharat (up 4.72 per cent), Reliance Capital (up 4.38 per
cent) and Castrol India (up 4.06 per cent) too were among the top gainers in the index.
However, Cholamandalam Investment Finance Company
(down 1.86 per cent), LT Finance Holdings (down 1.63 per cent), Crisil (down 1.54 per cent), Torrent Power (down 1.17 per cent) and Godrej
Agrovet (down 1.07 per cent) were among the top losers in the index around the same time
Gains in heavyweights such as Infosys, ITC, State Bank of India and Reliance Industries were keeping the equity benchmarks aloft, while
firm global cues boosted the sentiment.
Data showed that foreign institutional investors made sizeable buying on Thursday which further
supported sentiment.
ITC was leading the pack of Sensex gainers
The stock was trading nearly 5 per cent up.
