Sensex leaps 1,128 points to reclaim 50,000, Nifty rises 338 points as it moves near 15,000-mark
Falling crude oil prices to support margins
After gyrating 667.46 points during the day, the 30-share BSE Sensex ended just 7.09 points or 0.01 per cent higher at 49,751.41
Growth that bounced back from -23.9 per cent in the first quarter to -7.5 per cent now seems poised to return to the positive zone in the third quarter
The finance minister did very well for equity market investors. How did she fare with households?
The finance minister has worked hard to present a Budget that has boosted sentiment
The current sentiments are in the positive zone boosted by pick up in demand for both residential units and office space
"You hold your nose and you buy," David Kudla, chief investment strategist at Mainstay Capital Management, said in an interview on Bloomberg Television. "Stocks have been divorced from fundamentals."
Regulator's projections higher by 250-350 bps, analysts may have jumped gun on faster recovery
The S&P BSE Sensex hit a record high on Friday and breached 45,000 mark to hit a high of 45,033.19 in intra-day deals
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
Tata Consultancy Services (TCS) soared over 7 per cent after the IT services company announced that it would consider a share buyback proposal later this week
Among the Nifty 500 stocks, the overall trend appears to be extremely bullish. The chart pattern of the Nifty 500 index also suggests the possibility of more buying in these scrips in the days ahead
Analysts have been revising their 12-month price targets higher for members in the MSCI Asia Pacific Index since early June
Auto, consumer durables and chemicals could be the worst impacted if the situation worsens
The rupee and the 10-year government bond, too, held steady, despite the red flags raised by the rating agency.
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
Here's how leading analysts have interpreted the development and its likely impact on the markets.
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
Some believe that the best monthly performance in 11 years was on a weak footing, as it was sans any fundamental base