The brokerage said its preferred sectors are large-cap banks, industrial and real estate, power, autos, pharma, OMCs, gas, and capital markets
More than 50 entities, largely comprising foreign funds, were among the buyers, including Societe Generale, Morgan Stanley, Goldman Sachs and UBS
Jitendra Arora, senior executive vice-president and fund manager for equity at ICICI Prudential Life Insurance expects earnings growth for FY24 & FY25 to be around 24% and 14%, respectively.
Nifty ascends 5.5% in November, marking its strongest increase in 16 months
Extended drop in US bond yields and dollar fuels optimism of earlier-than-expected interest rate decline
India's strong earnings, macroeconomic stability, and domestic flows make it a standout market, say analysts
Rate-cut optimism, recovery in financial stocks snap two-day fall
Will they weather the tempest of withdrawing Rs 25,305 crore since September, or is a perfect storm brewing for Indian equities?
Economic optimism also propels small, midcap indices to new highs
Latest 5,000-points, or 15%, up move took less than three months
The defining moment, Desai said, could be if and when the 26-party opposition alliance, known as I.N.D.I.A., is able to strike a seat-sharing deal
Nifty is bullish as it has been holding above 20,50 and 100 DMAs, says Vinay Rajani, gives buy calls on Voltamp and Kalyani Steels
FPIs continued to be big buyers of domestic equities. On Tuesday, they were net buyers of Rs. 2,116 crore, according to provisional data from exchanges
FPIs bought shares worth Rs 1,603 crore, while their domestic counterparts were net sellers to the tune of Rs 439 crore
$150-160 million from passive funds are expected to inflow towards LTIMindtree as a result of the shuffling
M-cap of BSE-listed firms just shy of Rs 300 trillion
On the surface, it appears that the US markets have done exceedingly well. However, a deeper analysis reveals the gains in the domestic market to be more well-spread
Jury is still out on how soon index will top 20k; market has overshot and undershot valuations before. If strong momentum in FPI flows sustains, getting to 20k may not be long, believe analysts
If the number of index constituents is less than 50, stocks from the Nifty MidCap 50 Index will be considered
Analysts see greater momentum going forward, with 10-12% upside in the index over next 12 months