Spate of 52-week highs signals bull market; Rexit is false alarm; and D-Street's big dilemma over PSBs

ET Markets Daily Brief | Wed, Jun 08, 2016 | 04:47 PM IST Follow ET Markets

You trashed talk of bull market? Spate of 52-week highs has a signal A possible delay in Fed rate hike, pickup in March quarter earnings of India Inc and hope of above-average monsoon are all going in favour of equities. Rexit is false alarm: North Block keen on second term for Rajan Quoting top sources at the North Block, ET Now reported that the government was actually keen on continuing with the existing setup at the central bank. 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.

Interview One to One Monsoon will add momentum to market rally... Porinju Veliyath , Equity Intelligence

Advertorial How and when to de-risk one's investment portfolio As one nears long-term goals, it is important to preserve the accumulated wealth through the process of de-risking. Read on to find out how and when de-risking helps in the financial planning process.

Market Watch 8 Jun | 04:47PM| SENSEX NIFTY USD/INR GOLD 27020.66 ↑10.99 8273.05 ↑6.60 66.63 ↓-0.15 29544.00 ↑178.00

Gainers Losers 8 Jun, 2016, 04:47PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Themis Medicare Ltd. 576.95 20.00 27364 576.95 490.00 Alpha Geo (India) Ltd. 792.10 20.00 115787 792.10 756.00 Marg Ltd. 10.69 19.98 47077 10.69 10.69

Tweet of the day... Big resistance ahead, bulls may find it difficult to breach 8,350

FROM THE NEWSPAPER

D-Street's big dilemma over PSU banks: To buy or not to buy? All the constituents of the Nifty PSU Bank index are in deep losses for calendar 2016, shedding as much as 52 per cent weight over the past 12 months. Be stock specific, not all midcap stocks are buys: 8 names to bet on The BSE Midcap index surged nearly 12% in last 1 year. Midcaps are better placed to ride the economic boom, but stock picking is crucial for wealth creation. Top five wealth creating ideas from 3 top global brokerages Macroeconomic data shows green shoots in the economy. India's recent GDP growth number at 7.9% for Q4FY'16 was largely driven by private consumption. Nearly 50% of Sensex companies saw more than 15% PAT growth Nearly one-third of the Sensex companies reported over 30 per cent profit growth, highest in 20 quarters. Aggregate sales of the Sensex firms grew 4.2%. Scope to cut rates if inflation heads to 5%: Raghuram Rajan Rajan called current repo rate of 6.50 per cent "appropriate" and added the central bank has used up all its "space available" to cut interest rates.

MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more

View All

Follow ET Markets

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2016 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here