Mid- and small-cap indices rally over 1%: IIFL, MCX, Bandhan Bank, and Hindustan Zinc among top gainers

The broader market rallied over 1%, outshining the main equity indices on Monday, June 9, with the Nifty Smallcap 100 index seeing good gains.

During the intraday period, Nifty Midcap 100 was trading 1.05% higher, while the Nifty Smallcap 100 index surged 1.42%.

Over a week, the Nifty Midcap 100 index has gained 3.19%, and the Nifty Smallcap 100 gauge has increased more than 4.16%.

The Indian stock market was also trading in the green on Monday, with the majority of gains in the banking stocks. At the time of writing this, the S&P BSE SENSEX gained 298.95 points, or 0.36%, at the 82,487.94 level, while NSE’s NIFTY50 was at the 25,110.80 level, rising 107.75 points, or 0.43%.

After opening at the 18,715.35 level on Monday, the NIFTY Smallcap 100 index touched a high of the 18,856.45 level, which is 1.47% higher than its previous close. The index’s intraday low was at the 18,679.45 level.

Shares of Multi Commodity Exchange of India (MCX), the commodity exchange, rallied to hit a record high of ₹7,971 apiece on the NSE after the commodity exchange on Friday said that it had received approval from markets regulator SEBI to launch electricity derivatives.

JBM Auto (4.15%), Amber Enterprises (3.96%), Inventurus Knowledge Solutions (3.94%), Sagility (3.91%), Aditya Birla Real Estate (3.71%) and Indian Energy Exchange (3.53%) were the other top gainers on the index.

Further, ITI (3.46%), Manappuram Finance (3.25%), Laurus Lab (3.19%), Afcons (3.17%) and Reliance Power (3.08%) also contributed to the small-cap index.

Opening at the 59,388.60 level, the NIFTY Midcap 100 index touched a high of the 59,650.05 level and a low of 59,322.35 during the intraday period on Monday.

Bharat Forge, Muthoot Finance, and M&M Finance also surged 3.76%, 3.42%, and 3.19%, respectively.