One of the key ratios to gauge the valuation of the market is the Market Capitalisation to GDP Ratio, which is around 95 per cent currently - a bubble territory
Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers
The recent trigger for the stock was a better-than-expected operating performance in the September quarter.
On the domestic side, we have latent demand in many industries due to the slowdown of the last few years, multi-year low-interest rates, exports, and capital flow being assisted by the global macro sc
Late surge improves return scorecard; Indices see wildest swing in 11 years
Meanwhile, Dr Reddy's Laboratories, Cipla, Infosys, HCL Technologies were up between 25 per cent and 75 per cent.
Concerns about US fiscal stimulus, the transition of power to President-elect Joe Biden and surging virus cases also came back to the fore
The broader market, too, gained in the trade though it underperformed the frontline indices.
India, with its market potential, and as a complement to the US economy stands to gain if it plays its cards right.
Emerging Markets including India could offer a more compelling opportunity than developed markets.
Markets regulator Sebi came out with a framework for creation of security for listed debt securities and 'due diligence' that needs to be carried out by debenture trustees
Stock markets are expected to remain under pressure this week due to the overhang of US presidential polls and uncertainty over global growth due to resurging cases of coronavirus
Sebi must take a balanced view on capital adequacy
All eyes are on US markets for updates on the stimulus package and upcoming presidential elections, Ajit Mishra, VP - Research, Religare Broking Ltd said.
Under local market rules, the final price for the initial public offering, which was decided on Friday but has not been disclosed yet, is based on the guidance from the large investors
It's time to address the root cause of the 1992 stock market scandal - a conflict of interest in RBI's many roles
Accounts for 97% of over Rs 75K crore raised via 19 issuances so far in FY21
Wall Street's benchmark S&P500 had dropped 0.7 per cent on Wednesday, after Treasury Secretary Steven Mnuchin said he and congressional leaders were "far apart" on a new aid for the struggling economy
Helped by pent-up demand and inventory push ahead of the festive season, earnings growth in September quarter is anticipated to be better than June's performance
The CIO of Principal Global Equities says more than 20 per cent of companies and industries represented in international indices face significant long-term structural risks