Even after the GDP bounce-back off the low Covid-19 base, India can manage a 7.7% expansion in FY23 and hence deliver growth that is almost unrivalled globally, UBS said in a report
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5
The Nifty50 ended the December expiry series with losses of 1.9 per cent
The Nifty gained 150 points, and was up 24.1 per cent for the year; Textile shares logged smart gains today after the GST Council deferred rate hike; Debutant CMS Info Systems witnessed a late rally
Investors seek solace from multiple studies that claimed that Omicron might not be as lethal as the previous variants
The broader indices ended on a mixed note; among sectors, the IT index was up a per cent, while the energy, oil & gas and metal indices declined over a per cent each
Going forward, analysts said investors should be cautious due to Omicron and interest-rate concerns
The BSE Midcap and the Smallcap indices were up 0.1 per cent and 0.5 per cent, respectively. The overall breadth also was fairly positive, with 2,043 advanced shares v/s 1,334 declining stocks.
The BSE Midcap index and Smallcap indices also finished with smart gains of 1 per cent and 1.5 per cent, respectively.
The benchmark Sensex ended the session at 57,420 - a gain of 296 points, or 0.5 per cent
Debutant HP Adhesives ended with a 22.20 per cent premium at Rs 335 over its issue price of Rs 274 per share; Overall market breadth was also positive
Energy, auto, healthcare and banking shares were the major losers, while IT shares managed to buck the trend.
The broader markets also finished with significant gains with the BSE Midcap & Smallcap indices up 1 per cent and 0.7 per cent, respectively. IT, financials and energy shares were the top gainers.
The market breadth was positive, with 2,239 stocks gaining against 1,095 stocks declining on the BSE
The total cumulative inflow for RIL in Sensex and Nifty is expected to be $245 million.
Tata Steel was the biggest laggard among the 30-frontline companies pack on Monday, tumbling over 5 per cent, followed by IndusInd Bank, SBI, Bajaj Finance and HDFC Bank
Sensex sheds 1,000 pts in four sessions to end at one-week low
The Nifty on Monday ended at its lowest level in over three months because of the panic caused by the spread of the new variant
While global equity markets rallied, other asset classes held steady. Gold, treasury, and dollar saw little change
India was the worst-performing market globally on Monday, extending its recent run of underperformance to the world markets