The brokerage expects the Sensex to climb to 45,000 - 15% upside from current levels - by June next year
Rupee weakens against dollar; 10-yr bond yield inches up
Kant said the Automobile space was at a disruptive stage and a steep correction in stock prices might see some value buying in this segment
The signal from the market to the government after the first 100 days is - 'The going is getting tough'
The Sensex rise was driven by metal, banking, telecom and IT stocks amid some positive news coming from Hong Kong
Here's a look at the top stocks that may remain in focus today.
For TCS keep a stop at 2,230 and go long. Add to the position between 2,275-2,285. Book profits at 2,290.
The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to close at 36,562.91
Investors are increasingly getting risk averse preferring larger companies to ride out the volatility
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.