BSE Mid-Cap Index touching new levels

The BSE Mid-Cap Index climbed up 33.74 points, or 0.53%, to close the day at 6,373.76. It also touched its lifetime peak of 6,397.15 during the day.

IVRCL Infrastructure (up 1.71% to 367.75), Amtek Auto (up 1.57% to Rs 420.75) and Great Eastern Shipping Company (3.68% to Rs323.65) were the main components contributing to the index's heave.

IVRCL Infrastructure, Divi’s Lab (which was down), Amtek Auto and Great Eastern Shipping Company have weightages of 1.58%, 1.44%, 1.41% and 1.36% respectively, in the BSE Mid-Cap Index.

The BSE Mid-Cap index also saw a hearty upsurge over the past few months. It came up 20.18% from 5,209.29 on 2 April 2007 to 6,261.02 on 5 June 2007. It turned down 3.12% to 6,065.63 on 13 June 2007, a recent low. From this stage, it has benefitted 5% at current 6,373.76.

Presently at 14,499.24, the 30-share BSE Sensex needs 225 points to achieve its all-time high of 14,723.88, which it had hit on 9 February 2007. On the other hand, the BSE Small-Cap index is 376 points away from its record high of 7,872.80 that it had hit on 11 May 2006.