Sensex, Nifty50 hit 8-month high; How Modi & Co cushioned market in crisis

ET Markets Daily Brief | Thu, Jun 30, 2016 | 04:24 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

How Modi & Co cushions market in times of crisis A slew of policy measures that the Modi government has come up with over the past 11 days have helped the market quickly get over global headwinds. Nifty hits 8-mth high: Here's what drove the rally Sensex rose above 27,000, helped by a 300-point rally, while Nifty50 hit 8,300 for the first time since October 26, 2015, with a 100-point surge. What happened on Dalal Street all through Thursday Sensex up over 200 points led by gains in HDFC, ICICI Bank, TCS, Infosys. L&T, Coal India, Tata Steel, SBI, Majesco, MCX and GATI are among top stocks in focus.

Interview One to One Asia with less exposure to what is happening in Europe, looks a lot more favourable to a lot of investors right now.... Ian Hui, Global Market Strategist, JP Morgan AM

Market Watch 30 Jun | 04:24PM| SENSEX NIFTY USD/INR GOLD 26999.72 ↑259.33 8287.75 ↑83.75 67.51 ↓-0.44 31200.00 ↓-115.00

Gainers Losers 30 Jun, 2016, 04:24PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low India Tourism Development Corporation Ltd. 263.70 20.00 142099 263.70 220.10 Sterling Biotech Ltd. 4.26 20.00 433036 4.26 3.45 Jetking Infotrain Ltd. 55.20 20.00 20756 55.20 42.55

Tweet of the day... Sensex set for biggest quarter since Modi's 2014 election win

FROM THE NEWSPAPER

The tide has turned: Time to lap up midcaps, largecaps The mood on Dalal Street has turned positive and investors should use any volatility to raise exposure in quality largecap and midcap stocks, experts said. IPO watch: Quess issue sees good retail demand The IPO received bids for 82,07,820 shares, which were 1.16 times the total issue size of 70,96,774 shares, data available with the NSE showed. Will govt overdrive lift off defence stocks? Be choosy The journey of these stocks might not be smooth, considering the fact that some of them have already gained up to 40%, while some others are down by 30%. Hurricane Brexit blows over: Who took how much hit While Tata and Reliance group witnessed $8-9 billion drop in their combined m-caps, the Aditya Birla group saw its market value rise by $700 million. What is really fuelling global market rally? Global markets have recovered sharply. Most analysts say the possibility of another round of quantitative easing from the US Federal Reserve is fuelling this rally.

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