India's Nifty 50 eases off record high; small-, mid-caps hit all-time levels
Updates at 9:29 a.m. IST
BENGALURU, July 16 (Reuters) - India's NSE Nifty 50 .NSEI rose to a record high at the open on Tuesday, before trimming gains, with small- and mid-caps also hitting all-time highs, boosted by stock-specific jumps on strong quarterly earnings.
The Nifty 50 rose as much as 0.26% to 24,650.05. Both Nifty and the S&P BSE Sensex .BSESN were up about 0.1% each, as of 9:29 a.m. IST.
The Nifty 50 has hit record highs in eight of the 12 sessions so far in July, rising about 2.5% over the period.
Eleven of the 13 major sectors logged gains. Both small- .NIFSMCP100 and mid-caps .NIFMDCP100 rose about 0.6% each to hit record highs.
Hatsun Agro Products HAPL.NS climbed 12% after posting a rise in quarterly profit.
Century Textiles CNTY.NS was up 6% after its arm Birla Estates bought a land parcel in Haryana's Gurugram, with an estimated revenue potential of 14 billion rupees ($167.50 million).
They were among the top gainers in the broader markets.
($1 = 83.5930 Indian rupees)
($1 = 83.5800 Indian rupees)
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee and Sohini Goswami
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