Market comes to terms with Rexit; look who's raising a toast to Rexit; Mahanagar IPO opens tomorrow

ET Markets Daily Brief | Mon, Jun 20, 2016 | 04:32 PM IST Follow ET Markets

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Market comes to terms with Rexit: Who saved the day for D-Street The market opened deep in the red. The broader market, felt most selling pressure with BSE Midcap and Smallcap indices falling 0.18 & 0.20%, respectively. Besides Swamy, look who is raising a toast to Rajan's exit While many are mourning his impending departure as the chief of the Indian central bank, there are a few within India Inc raising a toast to Rexit. Here's what happened on Dalal Street all through Monday 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.

Interview One to One Stocks are slave of earnings and as long as earnings recover there is no reason why markets will be held back... Nilesh Shah, MD, Kotak AMC

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Market Watch 20 Jun | 04:32PM| SENSEX NIFTY USD/INR GOLD 26866.92 ↑241.01 8238.50 ↑68.30 67.38 ↑0.29 30410.00 ↓-192.00

Gainers Losers 20 Jun, 2016, 04:32PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Madras Fertilizers Ltd. 16.86 20.00 159215 16.86 14.08 Websol Energy Systems Ltd. 39.60 20.00 165935 39.60 30.55 Jayant Agro Organics Ltd. 247.25 20.00 130108 247.25 206.00

Tweet of the day... Coining #Rexit and then regretting it

FROM THE NEWSPAPER

Mahanagar IPO opens tomorrow; 4 brokerages say it's a good 'buy' The gas distribution company has set the price range for its IPO at Rs 380-421. At the upper band of the price band, MGL's FY18E PE ratio stands at 10.7 times. Top money-making strategies for next 3 sessions ahead of 'Brexit' Over the past 3 weeks, it looked like the market was consolidating after a strong rally of 600 points. It is moving in a narrow range between 8,060 and 8,300. Jhunjhunwala shrugs off Rexit fears, Rajan legacy to continue Ace investor Rakesh Jhunjhunwala on Monday said that there was no reason for panic as the legacy of Rajan is most likely to continue on Mint Street. Needed a Virat Kohli to play winning innings at RBI; top 10 potential names FM said the government would name a successor soon. Several names are doing the rounds, both on D-Street as well as in the corridors of Delhi's North Block. CLSA, Nomura, CS, BofA-ML say 'Rexit' is not an end to 'India story' Rajan's decision to not take up a second term would unsettle currency, bonds and equity markets in near term, but overall 'India story' still remains intact.

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