While the stock has run up in anticipation of the Suntory deal, it still trades at a significant discount to peers
Inexpensive valuations, price hikes help ACC, Ambuja & UltraTech rebound but demand-supply equation remains unfavourable
CNX PSU Bank Index up 2.9% with Bank of Baroda soaring 5.2%, PNB jumping 4.5%
Experts find valuations comforting, with most frontline indices and mid- and small-cap companies trading at historically low valuations
Nifty, Bank Nifty,IDFC & Bharti Airtel
Bank of Baroda's scrip surged 6.18 per cent, while PNB rallied 4.52% on the BSE
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Total currency derivatives turnover of the two bourses stood at Rs 2.73 lakh crore in December, 2013
Nearly a 10-fold jump from the inflows of the previous, July-September, quarter
The Sensex touched a high of 21,333.20 points and a low of 21,176.16 points intra-day
Funds garnered by companies through preferential allotments declined from Rs 6,943 crore in Dec to Rs 809 crore in Jan
The 30-share Sensex was up 55 points at 21,265 and the 50 stock NSE Nifty index added 30 points to close at 6,328 levels
Top index movers at this hour include ONGC and ICICI Bank (up between 1-2 per cent) followed by Infosys, TCS and ITC
Bank of Baroda, Punjab National Bank, Canara Bank, Bank of India and Oriental Bank of Commerce are up 3-6% on the NSE.
Sensex has gained in the month before the election in the last six instances
Gains in ICICI Bank, ONGC, Infosys and L&T aid benchmark indices upmove
ABB India, VA Tech Wabag, IL&FS Transportation Networks, Alstom India and Thermax are up over 5% each on the BSE.
The stock has dipped nearly 2% at Rs 1,454, extending its 6% fall in past two trading days on the BSE.
Technical Analysts suggest buying Maruti on dips. Also, Ravi Nathani of nsetoday.com outlines the strategy to trade Bank Nifty in the short-term and picks stocks for best possible gains for near-term