Stocks to watch today: ICICI Bank raised Rs 5,000 crore through bonds to fund business growth; Dalmia Bharat acquired cement assets of Jaypee Group's company for Rs 5,666 crore
Investors remained on the sidelines ahead of industrial production and retail inflation data scheduled to be announced after market hours, traders said
Revival in FPI flows, sharp recovery from year's lows in June helped calm investor nerves
CLOSING BELL: The benchmark indices sought support from financial and metal stocks with their respective indices climbing 0.2 per cent & 0.4 per cent. On the downside, the IT index fell 0.4 per cent.
Stocks to watch today: Jaiprakash Associates has called a board meeting on Monday, December 12, to mull over sale of their Nilgrie cement unit in Madhya Pradesh
This has acted as a magnet for investors, and led to a record number of equity-trading and demat accounts being opened
Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions
While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia
The benchmark BSE Sensex rose by 160 points on Thursday in choppy trade following gains in select banking and auto counters amid mixed global cues.
New plant expected to boost company's revenues, margins
As foreign investors pumped money in stocks in India over the last week, Indian benchmark Indices, the BSE Sensex and NSE Nifty, reached new highs, despite economic chaos at the global level
Among the Sensex pack, Reliance Industries, Tech Mahindra, UltraTech Cement, Dr Reddy's, Axis Bank, Bharti Airtel, Bajaj Finserv and Mahindra & Mahindra were the major laggards
The decision was taken at an ESIC meeting chaired by the Union labour minister Bhupender Yadav
We believe the valuations at 20.5x one-year forward price-to-earnings for the Nifty50 Index are not exorbitantly expensive, but they aren't cheap either
Eight of the top-10 most valued firms together added Rs 1,15,837 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer
Both shed 0.6% but end in green for second straight week; Broader markets play catch-up
The Pune-based vaccine producer's value has increased 20 per cent to Rs 2.2 trillion in the past one year
The 30-share BSE Sensex climbed 184.54 points or 0.29 per cent to settle at 63,284.19, its fresh record closing high
FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges
The rally was underpinned by strong inflows from foreign portfolio investors (FPIs)