In the latter half of the year, there would be some economic recovery and return to normal business conditions.
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel, HDFC and HDFC Bank too rose up to 3.63 per cent.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Stick to export-focussed plays, large-caps, say analysts
Broader market outperformed the frontline indices and also hit their respective all-time highs
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
Markets under pressure; IT financials grab spotlight.
Standard Chartered has appointed Zarin Daruwala of ICICI Bank as its new Chief Executive.
Work is underway in identifying global companies in sectors ranging from electronics, auto components and medical equipment to shift part of their existing or incremental manufacturing to India.
After enduring volatility for the first two months of calendar year 2016 (CY16), global equity markets have recouped some of the losses in March. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, believes the next triggers for the rally will come from a soft landing in China and no recession situation in the US.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
The prime minister is likely to talk about its possible extension.
Sentiment got a leg-up after the Lok Sabha on Thursday gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks, traders said.
Key macroeconomic indicators suggest softening industrial growth.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
Overseas investors were one of the heavy buyers.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
Sensex seems to be under pressure on weak cues.
Better-than-expected quarterly earnings by select index heavyweights, easing of US-EU trade tensions and firm foreign capital inflows boosted investor sentiment, brokers said.
Stocks below a certain size in terms of market capitalisation don't attract much institutional interest
The rally in most of these stocks is partly attributed to impressive financial performance.
Almost 53 per cent of the companies covered by the survey felt that high cost of credit was creating a problem for India Inc.
Pulbic banks have no reason to cheer Budget announcement.
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