market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
In good times, analysts justify valuations giving interesting investment rationale.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
The NSE Nifty too closed up 20 points at 3523.
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The company's US subsidiary, Lupin Pharmaceuticals Inc has launched its Ciprofloxacin for oral suspension in the US market in the strengths of 5 g/100 mL (250mg/5 mL) and 10 g/100 mL (500 mg/5 mL), Lupin said in a statement.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
Experts attribute this to new launches in anticipation of a demand revival after the 2014 general elections.
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
After equity indices of emerging markets, Indian investors will now be able to trade the key index of the UK. The National Stock Exchange (NSE) will launch trading in the FTSE 100, the UK's benchmark equity gauge, from May 3.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
The BSE Bankex and the FMCG index gained over 4% each at 7904 and 2384, respectively. The market breadth was bullish - out of over 2,600 scrips traded, over 1,500 logged gains today. ICICI Bank advanced nearly 6% to Rs 809. Ranbaxy was up over 5% at Rs 484. Jaiprakash Associates moved up nearly 5% to Rs 232.
Foreign portfolio investors were net buyers in equities to the tune of Rs 119 crore, as per provisional stock exchange data.
Last year, Ranbaxy had paid around $4,20,000 to the US state of Idaho as part of a $500-million settlement that the drug firm had signed with US authorities.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
SpiceJet would see a capital infusion of Rs 1,500 crore.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Historically, it is only the third time funds raised through IPOs has crossed the Rs 10k-crore mark
A sensible investor who is always invested will get high returns over the long term.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
Kalanithi Maran claims deal with Ajay Singh is dead; SpiceJet spokesperson says Maran's claims are baseless and false
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
Tai Chonbang Textile Industries Ltd plans to allot 500,000 non convertible cumulative redeemable preference shares on private placement basis.
The 30-share Sensex ended down 215 points at 27,011.
The past decade saw three full cycles of markets moving up and then going into bear phases.
Jason Unsworth is the founder and CEO of Atmosphere Intercontinental Airlines, which would establish a new premium airline group in four different countries.
Total bidding for 292 million shares worth Rs 8,500 cr, against Rs 12,000 cr target.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
Poor disclosure among India-listed firms is a turnoff for foreign investors.
The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from divestment proceeds in the Budget for 2020-21.
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
A market where prices are not likely to go up is excellent for the long-term investor.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Tata Iron & Steel Company Ltd approved a proposal to adjust the debit balance of miscellaneous expenditure account of about Rs 15,500 million.
Sensex has lost 1,623.43 points or 9.24 per cent in the eight sessions straight.
Creating history, leading exchange BSE on Wednesday peaked above Rs 100-trillion mark to scale a new record in terms of market wealth of all listed firms.
'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.
Tata Consultancy Services scrip ended the day 4.27 per cent higher at Rs 2,214.65 apiece on the BSE.
