Tata Motors was the top gainer on better-than-expected June quarter revenues
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Markets ended at record closing highs for the second day in a row on institutional buying.
The S&P BSE Sensex surged 160 points to close at 25,262.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
The two nations share a problem of corporate debt gone bad that is so large and opaque.
This surpassed its previous record close of 29,974.24, reached on April 5.
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
For retail investors who are into direct stocks, buying one when it enters the index can be a good strategy.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
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