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Market players said short-covering and sustained foreign flows ensured markets remained bullish
Market players said short-covering and sustained foreign flows ensured markets remained bullish
Median P/E multiple of top 100 companies by market value is nearly 30 times their trailing 12-month earnings
Oil production fell 3.9% to 5.8 million tonnes while gas output fell 1.6% to 6.2 billion cubic metres
Of the 19 sectoral indices of the BSE, 16 ended with losses, with metal and realty indices declining the most
Market players said Moody's outlook underscored some of the marco concerns
Analysts said many stocks in the BSE 500 universe have broken their crucial support levels and it is difficult for them to bounce back in the near term
Experts said the reduction in corporation tax has helped revival of corporate earnings.
The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation
Mid- and small-caps outperform benchmarks
BSE benchmark Sensex rose 192 points to end at 39,250 on Sunday as investors built up fresh positions in the special Muhurat trading session to mark the beginning of Hindu Samvat year 2076. The 30-share index, after opening on a firm footing at 39,397.37, inched up to 39,402.23 as investors accumulated select auto, IT and bank stocks. It pared some gains on profit-booking and finally ended at 39,250.20, up 192.14 points, or 0.49 per cent. On similar lines, the broader NSE Nifty climbed 43.25 points, or 0.37 per cent, to finish at 11,627.15. In the Sensex kitty, prominent gainers were Tata Motors, Yes Bank, M&M, Vedanta, Infosys and Tech Mahindra, spurting up to 16.54 per cent. However, losers included Maruti, Bharti Airtel, TCS and HCL Tech, which lost up to 0.78 per cent. Brokers said buying activity gathered momentum as investors opened their new books on the first session of Samvat 2076. Barring telecom and consumer durables, all BSE sectoral indices finished in the green, le
The S&P BSE Sensex added 38 points or 0.10 per cent to end the Samvat 2075 at 39,058 levels. The NSE's Nifty50 index ended at 11,584, up just 1 point or 0.01 per cent
Financials have seen sharp erosion in their share prices in wake of the yearlong crisis in India's credit markets
This is the sharpest decline for the software exporter since April 2013, shows data compiled by Bloomberg
At the global level, trade war tussle, monetary policy of major central banks and oil prices, analysts feel, are the factors that will dictate market direction
During Samvat 2075 (till October 18), the headline S&P BSE Sensex advanced 11.5 per cent, while the broader Nifty50 index has moved up nearly 10 per cent.
The company in a statement on Monday said the whistleblower complaint had been placed before the audit committee as per the company's practices
Sensex, Nifty gain for 5th day; auto, banking stocks gain the most