The small and midcap indexes hit fresh record highs today with Nifty Midcap 100 crossing the 40,000 mark for the first time.

Shares of IDFC First Bank jumped over 5% to settle at Rs 98 after US-based GQG Partners bought a stake in the private lender through bulk deals on Friday.

Nifty50 rose 0.94% to end at 19,435, while the S&P BSE Sensex settled 0.86% higher at 65,387. The market capitalisation of all listed companies on BSE surged by Rs 2.74 lakh crore to Rs 312.33 lakh crore.

Shares of Jio Financial Services (JFS) ended 5% higher amid reports by ET NOW that promoter entity Jamnagar Utilities picked 5 crore shares of the company at Rs 208-211 apiece.

SBI, ICICI Bank L&T were the top gainers, rising over 1% each. Tata Steel, Maruti, Kotak Bank, Bajaj Finance, and Nestle also ended with gains. Sun Pharma, Bharti Airtel, Tata Motors, Tech Mahindra, and ITC also closed with cuts.

Shares of Jio Financial Services dragged both indices. The stock also ended in 5% lower circuit for the second straight day. BHEL shares ended over 10% higher after winning Rs 4,000 crore order from a wholly-owned subsidiary of Adani Power Limited.

TCS and Tech Mahindra were the top losers, falling about 2% each. M&M, Infosys, Power Grid, and Sun Pharma also ended in the red. On the other hand, Reliance Industries, Maruti, Nestle, Axis Bank, and HUL ended higher.

ITC, Power Grid, L&T, Reliance Industries, Nestle, and Kotak Bank ended in the red, while Titan, SBI, Bajaj Finserv, Axis Bank, and Sun Pharma ended with gains

UltraTech Cement, and NTPC were the top gainers, rising over 2% each. Tata Motors, Infosys, Power Grid, M&M, L&T, and Maruti also closed higher. On the flip side, Tata Steel, Bharti Airtel, Bajaj Finserv, Axis Bank, Bajaj Finance, and JSW Steel ended lower.

All Adani Group stocks ended lower after Deloitte resigned as auditor of Adani Ports. Adani Enterprises declined 3.5%, and Adani Ports closed 2.2% lower. Adani Green Energy, Adani Power, Adani Transmission, Adani Total Gas, Adani Wilmar, Ambuja Cement, ACC, and NDTV also ended in the red.