The rollback of surcharge hike on FPIs has boosted share prices of a number of Nifty 100 companies
Mounting troubles for NBFCs, concerns over corporate debt, and uncertainty surrounding trade war have further contributed
So far, Nestle India wasn't part of the Nifty even as its total market cap exceeds over half of Nifty components
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.
On NSE, the Nifty50 index reclaimed the crucial 11,000 level to close at 11,058, up 229 points, or 2.11 per cent.
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.
Most investors were expecting the government to increase spending to shore up economic growth
Given the economic slowdown, analysts see more downward revisions in corporate earnings over the next few quarters.
ICICI Direct says Nestle India could have a weightage of near 1 per cent in Nifty index
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.
In the broader market, S&P BSE mid-cap closed at 13,518 levels, up 27 points, or 0.20 per cent. The S&P BSE small-cap index settled 64 points higher, or 0.51 per cent, at 12,649 levels.
Negative returns reflect sombre mood, especially slump in mid-cap and small-cap stocks
Market players said the government needed to announce market-friendly measures to revive investor sentiment
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.
Sensex gains 637 points, most in a day since January 31
Scrapping of Kashmir autonomy, China yuan devaluation trigger fresh risk-off bets
What has hit the sentiment the most is the higher tax surcharge on overseas investors, who have pulled out nearly Rs 15,000 crore from domestic equities since the Budget
Sensex, Nifty close at their lowest levels in five months
Analysts say there is more pain in store for the markets, as both global and domestic developments are likely to dent sentiment further
For Infosys, keep a stop at 785 and go long. Add to the position between 800-803. Book profits at 805.