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Happiest Minds Technologies emerged as the second-best performer in the BSE500 index. It has rallied 336% to Rs 1,503.45 on a year-to-date basis.
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BSE Midcap opened higher at 24,547 advanced 164 points or 0.68% after it touched a new high of 24,559. BSE Smallcap index scaled a new peak of 27,489.
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Mazhar Mohammad of Chartview India is positive on Sterlite Technologies with a target price of Rs 288.
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Overseas, Asian stocks traded higher on Monday following US jobs data released Friday that came in far short of expectations.
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US jobs data released Friday came in far short of expectations, with the economy adding just 235,000 positions in August.
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Jayakumar, MD, Prime Securities answers all themarket related critical questions in this edition of the market masterclass.
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Largecaps have been playing a catch-up rally for the past one month, which is driving the benchmark to higher levels.
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The strong fundamentals, quarterly earnings, and mostly because of the liquidity the bulls have taken over the equity market.
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As new Covid cases have seen a considerable decline, all eyes would be on state governments for further easing of the restrictions.
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Remaining invested for a long period of time would be the key to wealth creation.