The BSE midcap and smallcap indices surge 0.9 percent
The BSE midcap and smallcap indices surge to 0.9% and 0.8%, respectively. All the sectoral indices on BSE, except telecom, posted gains led by consumer durables, which rose over 2%. Industrial, Healthcare, finance and capital goods were up over 1%.
The Nifty PSU Bank Index advanced over 1% after reports that the government plan to infuse Rs 28,615 crore into seven public sector banks (PSBs) through recapitalization bonds by the end of this month. United Bank of India shares surged 9.2% after the government decided to infuse Rs 2,159 crore in the bank.
The BSE midcap and smallcap indices surge 0.9 percent <