Brokerage ICICI Securities has maintained a BUY rating on Gokaldas Exports with a revised target price of Rs 425.
Despite the stellar run in 2021 that saw most global equity markets record healthy gains, we remain bullish on equities for 2022, says Nishant Srivastava
Market participants are already concerned about the rapid global spread of the highly infectious Omicron Covid variant
In the past two trading days, the stock of the refineries/petro products company has surged 25 per cent, after investor Ramesh Damani bought over 1 per cent stake in the company.
The Sensex gained 367 points, or 0.6 per cent, to close at 60,223, while the Nifty rose 120 points to end the session at 17,925 cent.
Large part of today's rally was propelled by financial and banking counters, with 7 of the top 10 index contributors belonging to the space.
The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.
Even after the GDP bounce-back off the low Covid-19 base, India can manage a 7.7% expansion in FY23 and hence deliver growth that is almost unrivalled globally, UBS said in a report
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5
The Nifty50 ended the December expiry series with losses of 1.9 per cent
The Nifty gained 150 points, and was up 24.1 per cent for the year; Textile shares logged smart gains today after the GST Council deferred rate hike; Debutant CMS Info Systems witnessed a late rally
Investors seek solace from multiple studies that claimed that Omicron might not be as lethal as the previous variants
The broader indices ended on a mixed note; among sectors, the IT index was up a per cent, while the energy, oil & gas and metal indices declined over a per cent each
Going forward, analysts said investors should be cautious due to Omicron and interest-rate concerns
The BSE Midcap and the Smallcap indices were up 0.1 per cent and 0.5 per cent, respectively. The overall breadth also was fairly positive, with 2,043 advanced shares v/s 1,334 declining stocks.
The BSE Midcap index and Smallcap indices also finished with smart gains of 1 per cent and 1.5 per cent, respectively.
The benchmark Sensex ended the session at 57,420 - a gain of 296 points, or 0.5 per cent
Debutant HP Adhesives ended with a 22.20 per cent premium at Rs 335 over its issue price of Rs 274 per share; Overall market breadth was also positive
Energy, auto, healthcare and banking shares were the major losers, while IT shares managed to buck the trend.
The broader markets also finished with significant gains with the BSE Midcap & Smallcap indices up 1 per cent and 0.7 per cent, respectively. IT, financials and energy shares were the top gainers.