Bull are back! Nifty50 heading for 9,300; 20 smallcaps doubled investors' wealth in 1 year

ET Markets Daily Brief | Sat, Jun 04, 2016 | 03:47 PM IST Follow ET Markets

Size doesn't matter! 20 smallcaps doubled investors' wealth in 1 year Market data shows as many as 22 of the 320 constituents of the S&P BSE Smallcap index have doubled investor wealth over the past one year. Bulls are back! Nifty50 heading for 9,300 by February 2017 Nifty50 has witnessed multiple breakouts that marked the end of vicious correction which started way back in March 2015 after hitting life-time highs. Traders should focus on going long or consider writing Puts The Nifty50 gained strength rejoicing the accelerated growth in the economy at 7.9% in the last quarter, in particular, and at 7.6% for the full year.

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Market Watch 4 Jun | 03:47PM| SENSEX NIFTY USD/INR GOLD 26843.03 ↓-0.11 8220.80 ↑1.85 67.25 ↓-0.04 29400.0 ↑537.0

Gainers Losers 4 Jun, 2016, 03:47PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Bilpower Ltd. 1.03 19.77 37189 1.03 0.90 Jyoti Resins & Adhesives Ltd. 129.65 19.05 21339 130.65 108.35 Dharani Sugars & Chemicals Ltd. 46.95 18.56 126849 47.50 42.10

Tweet of the day... Companies catering to local demand outperform market expectations

FROM THE NEWSPAPER

Wall Street sees no rate hike in June; weak U.S. payrolls, 'Brexit' weigh Majority of dealers, 9 of 15, expect no more Fed rate hike this year, with the median forecast for the midpoint of the year-end fed funds range at 0.63%. Crude may swing near $50, but sharp rise unlikely as supplies are not at risk Suncor extended a force majeure that prevented shipping of oil from its Syncrude facility. The decision came amid a raging wildfire in Canada. Hello India, Africa's $1 trillion agriculture sector seeks suitors The study has also identified natural resources, agriculture, manufacturing and infrastructure as holding potential for Indian investors in the SADC region. RBI clears decks for war on bad loans; proposes two funds by banks It's an attempt to soften the NPA pain. Banks are now running out of options in dealing with highly leveraged companies. Adani may withdraw from Australian coal mine project, citing delays: Reports Gautam Adani is battling multiple legal challenges from green groups opposed to its $10-billion Carmichael mine, rail and port project.

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