BSE hits $3 trillion market cap for the first time ever
SAT stays fine on YES Bank in AT1 bonds case
Icra pegs India’s Q4 GDP growth at 2%
Voting deferred in Suraksha’s Jaypee Infra bid
Grasim Q4 net up 13%, India Cements post Rs 44 cr profit
Let us take a quick glance at what happened on the Dalal Street today.
Benchmark indices climbed for the second day on Monday, taking the m-cap of domestic listed stocks beyond the $3 trillion mark. Analysts see the positive trend in the market to continue ahead of the F&O expiry week and advised traders to refrain from shorting.
For the day, Sensex gained 111 points to close above 50,650 level. Nifty50 fell shy of hitting 15,200 mark on a closing basis, inching 0.15 per cent higher.
We have Narendra Solanki of Anand Rathi Financial Services to share his views on stocks and sectors:
Welcome to the show sir:
>>If you were to construct a portfolio of stocks, how much weightage would you give to cyclicals and to defensives? And why?
>>Quarterly earnings of large banks were solid, especially on the asset quality front. Can we see a strong rerating ahead?
We also caught up with Nirav Chheda of Nirmal Bang Securities to decode the technical charts for you.
>>Where is Nifty headed in the F&O expiry week?
>>India VIX has fallen to 19 level. What is it hinting at?
Asian markets ended mostly higher for the day. Major European markets were mixed in the first few hours of trade. US stock futures were hinting at a positive start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
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