Sebi's moves towards relaxing capital-raising norms will help companies stay in survival mode and should be the start of many more adjustments
For many stocks to go up at the same time, the most important parts of the economy - construction, auto, finance, basic materials, consumer products - have to enjoy tailwinds
Experts said the markets also cheered signs of recovery in jobs and manufacturing after the economy reopened in June after a prolonged lockdown
27 sessions in H1CY20 saw over 3% swing
Gloomy economic narrative does not justify stock market highs
The benchmark BSE Sensex is up 14.2 per cent in the past one month against a 3 per cent appreciation in the Dow Jones during the period.
In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks
The index dropped as much as 911 points from the day's high
Top losers were ITC, HUL
P-notes are issued by registered foreign portfolio investors to overseas investors who wish to be part of the Indian stock market without registering themselves directly
Sensex rises 2.1%, Bankex surges 3.8% after SC directions in AGR case
The thinking is, enabling infusion of funds into the company would be better than purchasing shares in the market
Close at Rs 698 against the issue price of Rs 314.25 and 73% premium to intrinsic value
Poor factory output data from China also dampened investor sentiment
Stocks opened sharply higher on Friday, but then lost those gains by mid-afternoon
Gains in European, US futures help index stage a comeback
As markets realise that it will take a long time for the economy to revive and things coming back to normal, they will drift lower.
Fed's assessment of a long-lasting damage to US economy dented risk appetite
Index trading at price-to-book ratio of 2.9x, compared to 20-year average of 3.5x
After climbing to 34,928 in intra-day trade, the Sensex settled at 34,371 - 557 off the day's high but 83 points more than the previous close