All that happened in the markets today
The Nifty ended at 13,055 following a gain of 128 points, or 1 per cent
Better US prospects, India recovery, boosting sector's outlook
Recovery from Covid 19 shall be the key driver for the markets in Samvat 2077. Besides, improving economic indicators and earnings growth are expected to drive the markets
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
Though the swing was largely because of external factors and exceptional gains and losses, it boosted the index's headline earnings and EPS
With a strong rebound from 50-DMA, both Sensex and Nifty have built a strong base that can see higher upside
EPS for Nifty50 firms has risen just 1 per cent in the month so far
Analysts say high P/B and drop in RoE a worrying sign
Currently, only 19 Nifty stocks are above their February levels; 31 are still in the red-some as much as 50 per cent
The rebound has been helped by foreign investors, who have bought a net $4 billion worth of Indian stocks this year
Since their March 2020 low, the Indian benchmarks - the S&P BSE Sensex and the Nifty 50 - have gained 47 per cent and 48 per cent, respectively.
Also, the total assets under management (AUM) of the ETF (equity and debt) have reached Rs 2 trillion, the NSE said in a statement
The "risk-free" yield on 10-yr g-sec is a threshold for investors. If its softens, investors get into riskier assets like equities. If it hardens, they settle for attractive risk-free rate on offer
Bharat Heavy Electricals, Vedanta, and Tata Power are some of the high-profile exits in the past five years
True Beacon, which invests only in large-cap stocks and is up about 21% this year, is adding shares of software exporters and pharmaceutical companies
While aggregate net income of 47 NSE Nifty 50 Index members slumped 40% in Q1 from a year ago, nearly two thirds of these companies met or exceeded estimates
At a time when the index appears expensive, a stock-specific approach will serve you well
From PM Modi laying foundation stone of Ram Temple, RBI Policy meet likely to keep lending rate unchanged to Airtel signing Amazon deal, here are the top news of the day