NSE midcap index hits second straight record high
May 20 2014 , Mumbai
Domestic-oriented midcaps lead, just as with blue chips, given hopes the Bharatiya Janata Party and Narendra Modi will kickstart economic growth with major reforms.
Ramco Cements rises 1.4, Union Bank is up 1.9 percent and Max India gains 8.7 percent.
The CNX Midcap index trades at 15.7 times 12-month forward earnings compared to 15.4 times for the Nifty.