Share markets in India ended the day on a flat note tracking Asian share markets after US President Donald Trump and congressional leaders agreed to raise the government debt limit until December. At the closing bell, the BSE Sensex closed higher by 1 point. While, the NSE Nifty finished higher by 14 points. Meanwhile, the S&P BSE Midcap Index finished up by 0.8% while the S&P BSE Small Cap Index ended up by 0.5%.

BSE sectoral indices ended the day on a mixed note. Among them, metal index gained the most by 1.4%, followed by automobile sector 0.9%, while energy sector and FMCG sector finished down by 0.4% & 0.2% respectively.

Eicher Motors share price rose by 2.3% today on the reports that the company is set to make a binding takeover bid for Italian motorcycle manufacturer Ducati for US$ 1.8 billion-US$2 billion.

Overseas, Asian equity markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.20%, while the Shanghai Composite led the Hang Seng lower. They fell 0.59% and 0.33% respectively. European markets are higher today with shares in Germany leading the region. The DAX is up 0.96% while France’s CAC 40 is up 0.28% and London’s FTSE 100 is up 0.17%.

The rupee was trading at Rs 64.03 against the US$ in the afternoon session. Oil prices were trading at US$ 49.08 at the time of writing.

The broader market indices S&P BSE Mid-cap and S&P BSE Small-cap indices hit a fresh high today. So far in calendar year 2017 (CY17), both these indices have rallied around 31% and 35% respectively, as compared to 19% gain in the frontline Sensex.

Since their respective low in August, while the small-cap index has recovered 3.8%, the mid-cap index gained 2.8% till today.

The surge comes on the back of strong liquidity flow into the equity markets, especially by mutual funds to the tune of Rs 710.8 billion in CY17, which found its way into the mid-and small-caps. Their investment thus far in CY17 is 5.5-times higher as compared to CY16, when they had invested Rs 128.5 billion.