Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
Licence winners are expected to be announced by the first quarter of 2014.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
FIIs are looking at the long-term story and initiatives of Indian pharma companies to transform themselves into global entities.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
With response tepid so far from domestic investors, these funds might soon approach FIPB for approvals.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Infrastructure stocks are once again gaining traction.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
The derivatives expiry on Thursday is also expected to add to the volatility.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
'Earnings revival could be two quarters away.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
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