All that happened in the markets today
"We have been positive on sectors such as power, telecom, and metals & mining for some time now," says Nimesh Shah, managing director and chief executive officer at ICICI Prudential AMC.
The Sensex rose 1.15 per cent, or 506 points, to end at 44,655, while the Nifty added 1.1 per cent, or 140 points to close at 13,109
All that happened in the markets today
India's emerging market peers Brazil and Thailand gained 26 per cent and 22 per cent, respectively, in November
US election results, vaccine hopes boost risk appetite of global investors
All that happened in the markets today
Book profits and re-enter at lower levels can be a good strategy say experts
Before Wednesday's fall, the benchmark indices had surged 12 per cent in November, underpinned by record buying by foreign portfolio investors
The Nifty ended at 13,055 following a gain of 128 points, or 1 per cent
All that happened in the markets today
Equity strategist says improved hopes on growth may be an opportunity for those who had pared their India bets in recent years
The report by American brokerage Morgan Stanley comes at a time when many experts, including RBI Governor Shaktikanta Das, have noted the disconnect between the real economy and the markets
Brokerage believes the economic growth cycle is not fully priced in; equity market may have more legs before it tops out
All that happened in the markets today.
Gains among banking stocks have helped the main Nifty index rise over 19% so far this month
Half a dozen IPOs could be launched in 4-6 weeks to raise up to Rs 10,000 cr
Extending its winning streak for the seventh straight session, equity benchmark Sensex soared 680 points to scale another lifetime high on Tuesday, tracking a global market rally driven by Pfizer's COVID-19 vaccine trials data. After touching its lifetime peak of 43,316.44 during the day, the 30-share BSE index ended 680.22 points or 1.60 per cent higher at 43,277.65. The broader NSE Nifty too touched a fresh intra-day high of 12,643.90. It ended at 12,631.10, up 170.05 points or 1.36 per cent. Bajaj Finance was the top gainer in the Sensex pack, surging around 9 per cent, followed by IndusInd Bank, L&T, Bajaj Finserv, HDFC, SBI, ICICI Bank, HDFC Bank, ONGC and Axis Bank. On the other hand, Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red. "Announcements by BioNTech and Pfizer about successful phase 3 trial of COVID-19 vaccine instilled confidence among investors and possibility of sustained economic recovery led sharp buying in beaten down ...
M-cap of 11 banks and financial firms on the Nifty50 is up 24 per cent since September, boosting NAVs of large diversified equity schemes
But about half the Nifty50 stocks still trading below January levels