Biz outlook and value unlocking to help drive stock price
Rising volumes, realisations can lead to strong stock returns
Benchmark indices swing sharply, recouping initial losses after BJP wins polls in the two states; focus to shift back to earnings, macros
There is also a relatively small chance that we'll see a new all-time high soon
His tweets have proved prophetic when it comes to impending changes to the code
There were reports that Aurobindo Pharma and Dr Reddy's, are looking at buying the company, which is under Corporate Insolvency Resolution Process
All that happened in today's trade
The S&P BSE Sensex ended at 33,463 on Friday, and has rallied 26% or 6,836 points so far in CY17
As regards continuation of policies and reforms, analysts now expect the budget to be a key indicator of what the government has in mind
Page Industries, Shriram Transport Finance Corporation, Sun TV Network and TVS Motor Company from the midcap index hit their respective record highs.
At 11:49 AM; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 3% at 3,854, bouncing back 7.4% from its intra-day low of 3,587 on the NSE.
Gail (India), Graphite India, Balkrishna Ind, Relaxo Footwear, Sun TV Network, Titan Company and Greenply Industries were among 17 stocks from the S&P BSE 500 index touched their new highs on the BSE.
Adani Enterprises, Adani Transmission, Adani Power and Adani Ports have recovered between 9% and 18% from their respective intra-day lows.
The stock listed at Rs 674, a 1.5% premium against its issue price of Rs 664 per share on the BSE.
Dena Bank, IDFC Bank, Bank of Maharashtra, Power Finance Corporation, Reliance Capital and United Bank of India from the financials and banks were hitting their 52-week lows in intra-day trade today.
Market outlook by Devang Shah
Soybean is trading at Rs 3,049 per quintal in the Indore spot market
Interview with Gautam Chhaochharia, Head of India Research, UBS Securities
Brent crude, which saw a low of $44.2 a barrel on June 22, is now trading above $60 a barrel consistently since November
The strong growth came despite the impact of regulatory changes on account of PMLA and the implementation of GST