The benchmark S&P BSE Sensex rallied nearly 10 per cent in the past 10 trading sessions and regained the psychological 40,000-mark after over seven months
Analysts at Emkay Global Financial Services remain positive on the cement sector and expects industry volume to start improving from the January-March quarter (Q4FY21)
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.
In the past six months, the stock has soared 82 per cent against 25 per cent rise in the S&P BSE Sensex.
On Friday, equities posted their biggest weekly drop since May, with the benchmark Sensex and Nifty dropping nearly 3 per cent amid a sharp sell-off in technology stocks in the US
According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion
Other stocks that were buzzing in the trade were Texmaco Rail (up 11 per cent), Capacite Infraprojects (up around 10 per cent), and Adani Enterprises (up over 8 per cent).
All that happened in the markets today
The S&P BSE Sensex climbed 1.5% to close at 37,020.14- most since March 6
India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.
Stocks in the BSE 500 universe account for nearly 93 per cent of India's market capitalisation.
The rupee and the 10-year government bond, too, held steady, despite the red flags raised by the rating agency.
At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.
S&P BSE Sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks
Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer
Over the next year, we would expect Sensex and Nifty returns to be in line with their earnings growth
In a related-party transaction, Raghav Bahl transfers digital content business from an unlisted firm to a listed one
While the Eurekahedge Emerging Markets Hedge Fund Index was down 9.59% in March, the Eurekahedge India Hedge Fund Index was down only 8.69%
The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.
For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak