Gripped by the pre-election frenzy, Indian markets seem to be factoring in the victory by the Narendra Modi-led BJP.
HUL, ITC, Nestle, Colgate, Dabur, Britannia, Asian Paints, P&G are trading at nearly 48 times. The previous record high was 53 times at the end of March 1994.
Markets shrugged off RBI's neutral stance on key policy rates.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
Top corporates have paid more advance tax in second quarter this year.
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Lupin was the top gainer after the USFDA cleared its Goa facility
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
The 30-share Sensex, after opening on a strong footing, continued its upward march to hit an all-time high of 35,827.70. The NSE Nifty also hit a record intra-day high of 10,975.10, before finishing at 10,966.20, up 71.50 points.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Cipla found little sympathy from the market and turned out the Sensex's biggest loser after the company's results proved below analysts' expectations.
'We are learning from every patient who is admitted, treated and discharged.'
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Dhirubhai Ambani lived in a one-room chawl in Mumbai with his wife and children and went on to establish the Reliance Group.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
Investors turn their attention to export-driven sectors.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The market breadth, indicating the overall health of the market, turned negative from positive
Asian shares ended higher following a relief rally in global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election.
Pharma major Wockhardt Ltd has posted a 13.3 per cent increase in net profit at Rs 34.9 crore (Rs 349 million) for the second quarter ended June 30, 2003 as against Rs 30.8 crore (Rs 308 million) for the corresponding quarter last fiscal.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
As per location-specific salary trends, IT capital Bangalore tops the chart as the highest paying city in the country, with an average annual CTC paid for talent across all levels and functions at Rs 14.6 lakh.
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
In a nearly 25-minute televised address to the nation, Modi said implementation of the lockdown will be strictly ensured in its second phase and detailed guidelines will be brought out on Wednesday to ensure that outbreak does not spread to new areas.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
The S&P BSE Sensex surged 160 points to close at 25,262.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
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