Sensex soared 613 pts; Nifty at 15,108 levels; MidCap index hits record peak

M&M (up 6 per cent), Bajaj Auto, Titan, Bajaj Finance, Adani Ports, Tata Motors, and Indian Oil Corporation were the top Nifty gainers today while Airtel, ITC, Coal India, Divis Labs, UPL, and Grasim were the top laggards.

In the broader market space, the S&P BSE MidCap index zoomed 1.9 per cent to settle at 21,232 after hitting record peak of 21,265 levels earlier today. Investors are heading more for mid-cap stocks as growing risk appetite and cheaper valuations of these companies as compared to large-cap peers have revived their popularity.

Individually, Jubilant FoodWorks, Indian Hotels Company and Page Industries from the consumer discretionary space; Ashok Leyland, TVS Motor Company and Bharat Forge from automobiles; AU Small Finance Bank, Muthoot Finance, Shriram Transport Finance Company and Federal Bank from financials; and Adani Transmission, Adani Power and Adani Green Energy from Adani Group were up between 3 per cent and 6 per cent on the BSE.

The SmallCap index, meanwhile, ended 1.3 per cent higher at 22,848.

Sectorally, the Nifty Auto index climbed 3.3 per cent on the NSE, followed by the Nifty Energy index (up 2 per cent), and the Nifty Metal index (up 1.7 per cent). On the contrary, the Nifty PSU Bank index and the Nifty FMCG index slipped 1.3 per cent and 0.25 per cent, respectively.