While Nomura is positive on the prospects of emerging markets (EMs) and India next year, it sees some turbulence as well, says Subbaraman
The Nifty is trading well above its own 200 Day Moving average, which is now around 9750
Cost reduction is positive and could translate into higher margins
This is its highest closing since November 29 when it had closed at 33,602.76
Star Paper Mills, Ruchira Papers, Balkrishna Paper, TN Newsprint, N R Agarwal Industries, Seshasayee Paper and West Coast Paper were up in the range of 6% to 20% on the BSE
Given the India focus, they will benefit more from domestic market growth, compared with Indian companies, which are currently facing pressure in their US businesses
The jump in share prices was on expectations of strong growth over the past few years because of their diversification
Firms asked to make submission in writing; these include Dr Reddy's, Cipla, Axis Bank, HDFC Bank, Tata Steel, Wipro, Bajaj Finance
The HC gave a detailed rationale for its decision on each of these
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Star Paper Mills, Ruchira Papers, Balkrishna Paper, TN Newsprint, N R Agarwal Industries, Seshasayee Paper and West Coast Paper were up in the range of 6% to 20% on the BSE.
Wockhdart, M&M Financial Services, Tata Communications, Tata Global Beverages, Dalmia Bharat, Natco Pharma and ABB India were up in the range of 3% to 6% on the BSE.
Thus far in the calendar year 2017, the stock had underperformed the market by gaining 2% against 25% rise in the S&P BSE Sensex till Friday.
The stock hit a 52-week high of Rs 167, rallying 55% in past four trading days from Rs 108 on December 5.
Max India hit 52-week low of Rs 128, dipped 4.5%, while Fortis Healthcare down 3% at Rs 143 on the NSE
The stock hit a record high of Rs 275, up 7% on the BSE in intra-day trade
The stock moved higher by 6% to Rs 260 on the BSE in noon deal after the company tie-up with Taj Group to supply its products on international flights
The acting governor of the Reserve Bank of New Zealand on Sunday said bitcoin appeared to be a "classic case" of a bubble.
Today's rally is the fourth consecutive one for the stock. On December 8, the Unitech scrip had jumped 20 per cent
In past three trading sessions, the stock has outperformed the market by gaining 11%, as compared to 2.5% rise in the S&P BSE Sensex.