Wednesday, 15 June 2016

4 factors that drove the 330-point Sensex rally; Focus shifts to 40 stocks; 5 potential multibaggers if India grows to its true potential

ET Market

ET Markets Daily Brief | Wed, Jun 15, 2016 | 05:05 PM IST

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Top four factors that drove the 330-point rally in the Sensex

The Nifty50 rose over 100 points and was trading around its crucial psychological level of 8,200, supported by gains in power, oil & gas, banks, capital goods.

As GST looks ready to roll, D-Street turns focus on 40 stocks that can gain

Market closed flat with a negative bias on Tuesday but recouped most losses on hopes of GST bill getting through. If implemented, GST can lift India's GDP by 2%.

Here's what happened on Dalal Street all through Wednesday

If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

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Market Watch 15 Jun | 05:05PM|
SENSEX NIFTY USD/INR GOLD
26726.34
330.63
8206.60
97.75
67.14
-0.12
30370.00
-188.00
Gainers Losers 15 Jun, 2016, 05:05PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
SKIL Infrastructure Ltd. 27.30 20.00 5320 27.30 24.15
ICSA-India Ltd. 2.94 20.00 189274 2.94 2.49
Fairdeal Filaments Ltd. 33.60 20.00 40359 33.60 29.00
Tweet of the day...
FROM THE NEWSPAPER
5 stocks that can be multibaggers if India grows to its true potential

Equity markets can never be down for long in a country where the economy is booming. Latest government data showed the economy grew at 7.9 % in the Q4 of FY16.

Oh, this is scary! Fear gauge India VIX climbs about 10% in last five sessions

A high India VIX value suggests that the market expects significant change in the Nifty, while a low value suggests that the market expects minimal change.

A rain-fed rural India can trigger next bull run on D-Street, and how!

Rural sector is being seen as a key driver of the economy over the next few months. It should deliver good numbers and I think that is an area of focus for us.

SBI and its subsidiaries soar as Cabinet approves merger

Shares of State Bank of India gained 2.65 per cent, that of State Bank of Travancore 12.4 per cent, State Bank of Bikaner and Jaipur 16.5 per cent and State Bank of Mysore 20 per cent.

Will it, won't it? 5 reasons why you can't blame Yellen if Fed hikes rate tonight

After the disastrous May jobs data that saw the economy churn out just 38,000 jobs, the lowest in six years, expectations of a rate hike are at the lowest.

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