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Meanwhile, all eyes are on the GST Council meeting scheduled today, 17 September 2021 in Lucknow.
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Chandan STaparia of Motilal Oswal Financial Services is positive on State Bank of India with a target price of Rs 480.
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The 30-share BSE index rallied 417.96 points or 0.71% to close at record 59,141.16, while the NSE Nifty settled at a new closing high of 17,629.50
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Assets under management of various mutual fund managers saw a fivefold rise during the same period from Rs 5,815 crore to Rs 28,093 crore
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Strong earnings delivery, benign liquidity and buoyant sentiments have lead benchmark indices to surge over 20% YTD
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No one can predict when a correction will come, take some profits off the table and stick with stocks having strong fundamentals
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The company is aiming to raise Rs 170.80 crore through its upcoming public issue at the upper price band.
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The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 3.93% to 14.27.
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Overall, as many as 44 companies have soared more than 500% amid the ongoing recovery.
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Bulls have been driving markets higher, the charts are looking positive and one can look to accumulate as there are no signs of corrections