The rating which has come after a gap of almost 13-years is a sentiment booster and positive for flows into equities and debt market
SP Tulsian of sptulsian.com said the rally was expected and probably Moody's upgrade came as a catalyst.
If one were to look at the underlying fundamentals then the market looks overvalued but currently they are driven by liquidity, which is still in place, said Gautam Chhaochharia, ED & Head-India Research, UBS.
Nivalis Partners’ Ayaz Motivala said that L&T Info will get incremental market share going ahead.
Recapitalisation would partly bridge the NPL provision gap and it would be concentrated more to the efficient and larger banks, Vishal Goyal, Head of Banks Research at UBS Securities India said,
Jhunjhunwala said he is confident the ruling government will win Gujarat elections.
Watch the interview of Prathamesh Mallya of Angel Commodities Broking with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Special Counsel Robert Mueller's team issued the subpoena last month for documents containing specified Russian keywords from more than a dozen officials, the Wall Street Journal reported.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend and updates from the commodity space.
The rupee has gained 60 paise at 64.72 per dollar versus previous close 65.32.
Prakash Diwan Altamount Capital Management said till we are closer to Gujarat elections, we will have volatility in the market, which could lead to a sector churn.
Watch the interview of T Gnanasekar Commtrendz Research with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
In an interview to CNBC-TV18's Latha Venkatesh and Surabhi Upadhyay, Sunita Sachdev spoke about the current state of consumption stocks and their outlook going forward.
Watch the interview of Rupa Mehta of Smriti Commodities with Manisha Gupta on CNBC-TV18. She spoke about the current trend in commodities market.
Watch the interview of Navneet Damani of Motilal Oswal Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Brent crude futures, the international benchmark for oil prices, were at $61.98 per barrel at 0438 GMT, 11 cents above their last close.
“Our view is that this sector will stop disappointing expectations. Valuations are reasonable now,” Gautam Chhaochharia, Head of India Research at UBS Securities told CNBC-TV18.
We expect the USD-INR to trade in a range of 65.20-65.50 for the day, says Mohan Shenoi of Kotak Mahindra Bank.
We have witnessed strong call unwinding and fresh short built up in the index as results index touched 10100 levels and recommend investors to keep a more stock specific approach rather than focusing too much on the index. We also recommend investors to use every rise in the market as shorting opportunity until trading below 10230, said Rohit Singre of Bonanza Portfolio.
We expect the 10-year benchmark bond yield to trade in a range of 7.01-7.04 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.
Brent crude futures , the international benchmark for oil prices, were at $61.89 per barrel at 0100 GMT, 2 cents above their last close.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend in commodities market and currency market action.
If oil is coming down then anything that uses oil goes up, like airline stocks, tyre companies etc. So, if oil trade reverses then it’s good for the Indian economy, says Ashwani Gujral.
Watch the interview of Faiyaz Hudani Kotak Commodity Svcs and Sandeep Bajoria MD - Sunvin Group with Manisha Gupta on CNBC-TV18, in which they shared their reading and outlook on commodity markets and specific commodities.