However, for the markets to achieve this ambitious target, a number of variables at the fundamental level first need to fall into place to complete the jigsaw puzzle
In the past six months, AEL share price has surged 36 per cent as against 6 per cent decline in the Nifty 50 index.
What is the impact of dwindling central wheat stock in India? What's driving the problem of copycat brand names? Will Nifty50 reclaim 17,000 this week? What is digital piracy? All answers here
Equity markets wilted under selling pressure during four out of five trading sessions last week, amid fears of steeper interest rate hikes. Let's delve into the likely triggers for markets this week
'Our investment strategy has been to stay balanced between growth and value, with higher interest rates likely to make markets much more valuation-conscious than in the past few years'
Nifty has not gained for more than three weeks in a row since mid-January 2022
Indices end at highest level in nearly a month
As regards valuations, Nomura believes stocks have largely (if not fully) priced in expectations of higher policy/discount rates. They expect the markets to remain choppy in the near-term
Shares of ITC jumped 4 per cent in Friday's trading session
In the short-term, Wood suggests that investors should sell stocks on a rally. The bet for a sustained equity market rally before 2022 end is a possible change in the US Fed's language, he said
CLOSING BELL: nfosys, ICICI Bank, Kotak Bank, ITC, and Tata Steel were the large-caps that helped the 30-pack index bounce back from lows
This comes a day after a 'fat-finger' trade was executed in derivatives segment
CLOSING BELL: Among individual stocks, Titan, Infosys, M&M, L&T, Reliance Industries, HCL Tech, TCS, and Tech M were the lead gainers
PMS schemes managed Rs 20.3 trillion under discretionary portfolio, Rs 1.7 trillion under non-discretionary, and Rs 2.1 trillion under advisory
Foreign portfolio investors (FPIs) have continued to offload Indian shares this month, selling stocks worth over Rs 39,000 crore
Timing the markets to catch a low, analysts caution, will not be a wise strategy at the current levels given the slew of domestic and global developments over the next few weeks
The warning comes as sell-side analysts estimate overall earnings per share for companies in the benchmark NSE Nifty50 Index to rise almost 17 per cent over the next 12 months
China rate cut helps improve sentiment
Meanwhile, IT stocks dominated the worst-performing list, with Tech Mahindra and Wipro dropping nearly 20 per cent apiece
Benchmark indices fell nearly 4 per cent last week, following interest rate hikes by the Reserve Bank of India and the US Federal Reserve