Stock market HIGHLIGHTS: Benchmark equity indices, BSE Sensex and NSE Nifty50, surged sharply higher on Friday despite a sombre start to the first day of the trade on the new financial year.
I do believe that there are pockets in the country where growth is still not priced in, even though in the broader markets one believes that valuations are expensive, but still there are pockets where the growth that we are going to see over the next three-five years is definitely not priced in and hence I would be in that space much more than power because I don’t see this as a secular uptrend kind of story.
“What we are seeing in Reliance Industries is pre-result buying taking place and may be trading positions are being built-up in the expectation of very good set of numbers which may come through.
Indian shares ended sharply higher on the first day of the new financial year with the broader Nifty50 settling near the 17,700 mark, while the benchmark BSE Sensex jumping over 700 points.
The FY22 fiscal deficit is likely to come in at around the revised figure of 6.9 percent, according to people in the know.
The company said total domestic sales in March 2022 came in at 20,123 units as compared to the CNBC-TV18 poll estimate of 17,500 units.
Also, under-investment in mining, metals and various other sectors, including energy really exposed the fact that if the demand came in so quickly, there was no way that the producer could really catch up.
Bosch Ltd, a provider of technology and services in the mobility ecosystem, on Friday said it has acquired a 14 per cent stake in Bengaluru-based B2B start-up Zeliot Connected Services Pvt Ltd.
In a few ideas for profit from Moneycontrol Pro, Jitendra Gupta talks about a stock that he is tracking closely, Mazagon Dock Shipbuilders.
The Competition Commission of India has sought an explanation from three hospital chains — Max Healthcare, Fortis Healthcare and Apollo Hospitals — asking them how they fix the prices of medicines and medical devices.
In an interview with CNBC-TV18, Amitabh Chaudhry, MD & CEO, Axis Bank, explained that the Axis-Citi deal will be accretive in every which way.
Benchmark BSE Sensex traded 228 points up at 58,796, while the Nifty50 surged 63 points to trade at 17,527.