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Companies are expecting to benefit from an equity market, which is swarmed with liquidity and a sharp increase in the number of new retail investors
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The month of July alone could see a dozen of IPOs hitting the street to raise over Rs 12,000 crore
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There are 7,22,28,575 registered investors in India. This number is more than the population of Thailand, the United Kingdom, France or Singapore
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JB Chemicals, Tata Elxsi, PNC Infratech, eClerx Services, Uflex and Suzlon Energy also gained over 10%
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The Dollar Index, which measures the US currency against a basket of six peers, will also be closely watched.
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As long as we are trading above the current support which seems a more likely scenario, traders are advised to maintain a cautiously bullish bias
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To truly prosper in markets, one must learn the power of compounding and you should have patience, says Agarwal
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Sensex settled 166 points or 0.32% at 52,484, while Nifty ended at 15,722 up 42 points or 0.27%.
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The credit outlook for the Indian pharmaceutical industry remains stable led by healthy accruals, low leverage levels, and healthy liquidity profile.
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HUl stock: CLSA has a buy rating on the stock with a price target of Rs 2,900 implying a 17% upside