Market cap of government companies has remained unchanged in the past 8 years.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Asian shares dragged their feet on Tuesday.
Sensex climbs higher at close, bluechip stocks in focus.
The BSE benchmark index is yet to give any indication on the monthly Fibonacci charts.
Finance Minister P Chidambaram has asked the Income Tax department to focus on the companies that pay less than effective tax rate of 24 per cent.
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
ONGC, Bharti Airtel, HDFC Bank, Reliance Industries, Mahindra & Mahindra and ITC among the top gainers.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
Here is a list of stocks spanning various sectors that brokerages and research houses across the country are recommending for 2013.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
Investors accumulated quality stocks at valuable and attractive levels.
Investors on Friday became richer by over Rs 1 lakh crore, with benchmark Sensex witnessing 460-point rally amid easing concerns over the US tapering.
Sensex has shed over 150 points in afternoon trade.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
Global funds have pumped in over Rs 38,000 crore (about $5.5 billion) into domestic equities since February 20, helping the Sensex rebound 2,671 points, or 7.6 per cent, from its 2019 low.
Stockmarket Gurus Raamdeo Agrawal, Manish Gunwani, S Naren and Nilesh Shah discuss their favourite themes for the New Year.
'Our discussions with investors and the market's multiples suggest that Prime Minister Narendra Modi winning 2019 is being priced in,' says a UBS report.
Participants will keenly watch fate of GST Bill in Parliament.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Market breadth ended weak with 1,688 losers and 1,205 gainers on the BSE.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
In November last year, the Wipro board had approved the demerger of the non-IT businesses -- Wipro Consumer Care & Lighting (including furniture business), Wipro Infrastructure Engineering (hydraulics and water businesses) and Medical Diagnostic Product & Services business -- into a privately- held company to be named 'Wipro Enterprises Ltd'.
BSE-real-estate, bankex, auto lead gains on BSE.
Financials and telecom shares lead the upmove.
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time.
According to a report by BofA-ML, capital markets are 'usually jittery prior to the declaration of election results as it is uncertain about the outcome'.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
The latest macro-data from India is disquieting
In India, however, the Nifty continues to climb a wall of worry as general elections loom, fiscal deficit surges and the current account deficit is barely under control following subdued gold and crude prices, says Sonali Ranade.
'This is the first time we will see how SIP investors react to market correction.'
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
