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Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals
Rising for the second straight day, the 30-share BSE Sensex ended 234.79 points or 0.39 per cent higher at 61,185.15 after a choppy session
Analysts recommend traders to maintain a bullish bias and buy on dips
India's National Stock Exchange (NSE) will add Adani Enterprises, the flagship company of Indian coal-to-edible-oils conglomerate Adani Group, to its benchmark Nifty 50 index effective Sept 30
Many have done worse on profitability
In the past one month, the BSE Sensex and the NSE Nifty, shed over 6 per cent each, while crude oil prices soared to an eight-year high at almost $96 a barrel, up nearly 12 per cent.
The schemes returned -2% on average, better than the -3.9% generated by the benchmark
The broader markets outperformed, the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively
The Nifty Bank index hit a new liftime high of 38,495 in the intra-day trade before closing 1.4 per cent higher at 38,294 levels
Large part of gains in two years accrued to top companies in metals, IT, pharma and realty
Century Textile and VIP Industries are the two stock recommendations by HDFC Securities
Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'
Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter
The nation's NSE Nifty 50 Index is among Asia's top gainers this month, beating the regional benchmark by about 4 percentage points
Most Asian and European markets rose after revised US vaccine targets boosted optimism and revived hopes of global growth.
Among sectors with high exposure, raw materials comprise 57% of sales for the discretionary sector, according to BofA's estimates
The launch date for the new NSE IFSC-SGX Connect has not been decided yet
The benchmark index has bounced more than 50% from its March low, but is still about 7% below its January record close
Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.
The weight of FMCG, software and pharma companies in Nifty now at 31.5% from 25.3% in December 2017