The liquidity rally pushed the index above crucial resistance levels so far in the month of January and the next target for the index stands at 11,000 which is also its crucial resistance level.
Earnings of bluechips like Axis Bank and Maruti Suzuki as well as derivatives expiry will dictate the market trend in a holiday-shortened week ahead, say experts.
The market capitalisation (m-cap) of Tata Consultancy Services (TCS) zoomed Rs 34,811.32 crore to Rs 5,65,624.13 crore, emerging as the biggest gainer among the top-10 firms.
Considering the market's strong momentum and that the issue was met with a phenomenal response from investors, the listing price premium could be around Rs 200 per share over the IPO price
The market is expected to continue its liquidity-driven rally on earnings recovery hope and ahead of Budget 2018 (which will be presented on February 1) in the coming truncated week as well.
The Indian rupee skidded further against the beleagured dollar as forex market sentiment took a hard hit on the back of suring global crude prices and growing trade deficit concerns.
The rise followed two sessions of back-to-back losses.
Madhusudan Sarda in an interview to Moneycontrol Research’s Shishir Asthana shares the recipe for his successful investment strategy.
The year 2018 will be more about stock picking and less about broadly based rallies. Focus on picking high-quality stocks with stories which have sound profitability profiles.
"Each investor has a different behaviour and risk appetite. Based on their preferences of the trade-off between risk and reward, one of the above Exit Styles can help," says Shubham Agarwal, CEO & Head of Research at Quantsapp Private Limited.
Morningstar’s research shows that 69 percent of largecap funds outperformed the S&P BSE 100 PRI over the last five years (i.e. based on 5-year CAGR as of December 29, 2017).
"We are starting to see a bottoming out of corporate earnings in India, and expect the earnings to rise in second half of FY18 and pick-up more meaningfully in FY19," says Sampath Reddy Chief Investment Officer, Bajaj Allianz Life Insurance.
The Dow Jones Industrial Average .rose 53.91 points, or 0.21 percent, to close at 26,071.72, the S&P 500 gained 12.27 points, or 0.44 percent, to 2,810.3 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38.
The economist, who teaches at the Stern School of Business, NYU, pointed out that emerging markets have had difficult years between 2013 and 2015, but have grown from 2016 onward.
Galaxy Surfactants today said it has fixed price band between Rs 1,470 and Rs 1,480 per equity share for its initial public offer (IPO).
The Budget 2018 is upon us and start-ups in India have one key demand - clarity on taxation. Over the last few weeks, a slew of companies has been hit with tax notices. Most of these cases relate to fund-raising by start-ups from friends and family and individual angel investors or domestic angel networks like the Indian Angel Network (IAN) or Mumbai Angels who are not registered with Securities and Exchange Board of India (SEBI) as AIFs or alternative investment funds.
SEBI has already advised the registered merchant bankers and recognised stock exchanges to activate their online accounts.
Banking sector, one of the main drivers of the economy, led the charge today as the Nifty Bank gained 4.5 percent this week to end at fresh record closing high of 26,909.50.
Significant Put writing was seen at 10800 and 10700 strikes which are shifting its support to higher levels whereas Call Unwinding was seen in all the immediate strike price.
"This (e-mandate) is completely paperless framework that will reduce the time taken for mandate approval to 3 days from 10 to 35 days taken for paper based mandate approval," BSE said in a statement.
The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours, the exchange said in a circular.
"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," Securities and Exchange Board of India (Sebi) said in a circular.
The markets regulator, Securities and Exchange Board of India, last week barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India's biggest corporate scandal.
The rupee opened sharply higher at 63.70 as against yesterday's closing level of 63.86 at the inter-bank foreign exchange here.
Going forward, Nifty has crucial support zone around the 10,750 levels. PSU Banks were the weakest link as they contributed highest to the sharp fall while Private Banks held partial gains ending in the green.