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Assumption of 10% CAGR in stock markets is not unrealistic as many market experts like Raamdeo Agarwal and Vijay Kedia have time and again said it.
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NTPC, rising over 7%, was the top Sensex gainer followed by Bharti Airtel, Titan, HCL Tech, SBI, PowerGrid, TCS and IndusInd Bank
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AGR refers to revenues that are considered for payment of statutory dues.
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Sensex settled at record 58,723.20, up 476.11 points or 0.82%, while the broader Nifty jumped 139.45 points 0.80% to a new peak of 17,519.45
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BLS will start processing Ayushman Bharat cards across India for the people to avail healthcare services at any of the empanelled hospitals.
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The forthcoming festive season will lend further support to the picked-up momentum in the spends and new customers sourcing.
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Any correction would be short-lived and used as an opportunity to increase sub-optimal equity exposures.
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Among sectors seeing traction today, Bolinjkar believes energy stocks are in focus and Coal India in that theme will be an important stock to track
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It also added Indiamart Intermesh, Polycab India, Rolex Rings, Syngene International and Oberoi Realty as fresh entrants in the portfolio.
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Shree Cement will invest Rs 4,750 crore in three projects, including Rs 3,500 crore for an integrated cement plant at Nawalgarh Tehsil of Rajasthan