"Janet Yellen's statement that the United States needs a big stimulus push has pumped markets across the globe, including India," said Ajit Mishra, vice president, research at Religare Broking
Analysts are forecasting Nifty EPS to grow 60% by FY23
Markets have rallied by 80 per cent since April after a heavy 40 per cent correction following the announcement of the Covid-19-related restrictions
Stock market LIVE updates: India VIX ticked up 4 per cent in the intra-day trade, but ended 2 per cent higher
Even as index firms' earnings and RoE 20% below pre-Covid high
This will give more flexibility to institutional as well as retail investors to manage their hedge
Market pundits believe that the market rally this year is likely to be less concentrated and that polarisation - where a handful of stocks outperform the index - will become less pronounced in 2021
Bharti Airtel announced the appointment of Pradipt Kapoor as its Chief Information Officer
Combined net profit of 50 index firms estimated at Rs 1.14 trillion, led by commodity producers
The S&P BSE Sensex advanced 1.9% since Monday, completing a 10th consecutive week of gains
Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results
TCS board will consider the declaration of a third interim dividend to the equity shareholders
It took Nifty 25 sessions to cross 14,000 from 13,000-levels.
Upside target for Nifty is seen at 14,300 odd levels, which happens to be the 138.2 per cent Fibonacci retracement of the downswing seen from 12,430 to 7,511
The new Covid-19 strain is a big concern for the markets now, says Ambareesh Baliga, an independent market expert
Utilities and public sector banks are the two only pockets to see contraction in P/E
The ongoing buyback of state-owned NMDC may find few takers given the sharp rally in its stock
In the Sensex pack, HDFC, ONGC, Bharti Airtel, Titan, Asian Paints, Mahindra and Mahindra and TCS were the prominent gainers
The financial stocks have the biggest sectoral weight in the domestic stock markets
The DSP fund's strong showing comes in a year that has seen unpredictable market reversals whipsaw quant investors globally, with profound changes wrought by the pandemic