Nifty and Midcap Index Hits Life Highs, Nifty Crosses 9300

April 25 : Supported by positive global cues, the Nifty hit a fresh record high in the morning trade today and managed to close above 9300 for the first time ever.

Bank Nifty helped the market roll, however  the midcap space too bulldozed ahead. The Nifty free float midcap index rose to a fresh high of 18,021.10, while the S&P BSE midcap index rose to a fresh record high to 14,723.94 in morning trade.

In comarision, the small and midcap stocks  yielded better than largecap stocks.

The momentum, according to experts, is likely to continue so it would be a good idea to go for industry based scrip shopping.

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