The Nifty Midcap 100 index soared 5.9 per cent, most since August
Group firms directed to return Rs 1,443 cr siphoned off from clients
Strong global sentiment, foreign inflows help Indian markets outperform most global peers
CLOSING BELL: Healthy buying in heavyweights like Reliance Industries, L&T, ITC, Kotak Bank, SBI, Bharti Airtel, TCS, and HDFC Bank lifted benchmarks on Friday
Yield to maturity may remain range-bound
Inherent to the tyre industry, raw material costs forms the largest cost head, accounting up to 65 per cent of the total cost, said analysts
L&T would be a key beneficiary of the government's infrastructure thrust and capex revival in private sectors.
The Smallcap index seems poised to hit the 10,000-mark.
Global brokerage Jefferies has initiated coverage on Axis Bank stock with a target price of Rs 1,150
In the past one month, the stock has zoomed 40 per cent as compared to a 5.4 per cent rise in the S&P BSE Sensex
The proceeds from the sale of FMCG business would be utilized for repayment of debt and infusing of funds in the Lifestyle business, Raymond said.
Brokerages have upgraded estimates for firm, expect return ratios to improve
The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route
According to Ravi Nathani, an independent technical analyst, one can adopt a 'Buy on Dip' strategy in Nifty Energy, Commodities and MNC indices.
Nandish Shah, Sr. derivatives & technical research analyst, recommends to Buy LARSEN 2300 Call option and simultaneously Sell 2400 Call of the May series.
Stocks to watch today: From Godrej Consumer to Axis Bank, here are top stocks to watch in Friday's trade
The proposed issue is likely to have a base size of Rs 110 billion and a greenshoe option to retain an additional subscription of Rs 40 billion, bankers added
In an ex-parte order, the Securities and Exchange Board of India (Sebi) noted that KISL did not have the necessary infrastructure like adequate office space, equipment and manpower to work as merchant
In an interim order issued on Thursday, Sebi noted that Yogesh Garg, an employee in the investment department of LIC, and four others connected to him made unlawful gains of Rs 2.44 crore
Muted volume growth, higher ad spends may be a drag on profitability