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Maruti Suzuki, rising over 6%, was the top Sensex gainer followed by M&M, Bajaj Auto, NTPC, Reliance Industries and HDFC Bank
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Amid profit booking in IT, Pharma and FMCG stocks, Sensex & Nifty failed to uphold gains and closed on a flat note amid volatility.
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Of late, the initial public offer of Paras Defence and Space Technologies was subscribed 304.26 times
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If you consider an average earnings growth of even 10% and inflation of another 6%, then the PE would shrink further going further.
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"Markets still look in the positive trends, one must not bother about the weakness or volatility and stick with quality investments"
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Global energy markets are undergoing major shifts on the supply side as the energy transition accelerates.
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In the past month, shares of Inox Leisure have risen 24.02% and shares of PVR have risen 20.26%. The Sensex has risen 7.13% in one month.
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The lower end of the rising channel acted as support for the Nifty. Now, the index is very much close to the milestone of 18,000.
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Nilesh Jain of Centrum Broking spoke to Money9 on how should traders approach the current markets.
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The Nifty Bank was trading at all-time highs of 38,215 in early trades, while the Nifty Auto index that rose by 1.18%.