5 factors that drove the rally on D-Street; L&T Infotech IPO flies off the shelf

ET Markets Daily Brief | Mon, Jul 11, 2016 | 04:47 PM IST Follow ET Markets

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

Sensex scales 27,600; 5 factors that drove the sudden rally The Nifty50 crossed its crucial resistance level at 8,400 supported by gains in realty, power, oil & gas, metal, capital goods and banking stocks. Smallcaps made a killing on D-St in 2 weeks; rose up to 70% The high risk-high reward segment rallied the most fuelled by the momentum-driven rally after Brexit shook global financial markets last month. Here's what happened on Dalal Street all through Monday Sensex up over 450 points, Nifty50 cracks above 8,450. Tata Steel, Tata Motors, Reliance Communications, United Spirits and L&T are among the top stocks in focus.

Interview One to One While valuations are compelling for pharma companies, the IT sector has never been a favourite... Andrew Holland, CEO, Ambit Investment Advisors

Market Watch 11 Jul | 04:47PM| SENSEX NIFTY USD/INR GOLD 27626.69 ↑499.79 8467.90 ↑144.70 67.15 ↓-0.22 31696.00 ↓-23.00

Gainers Losers 11 Jul, 2016, 04:47PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Austin Engineering Company Ltd. 66.00 20.00 48919 66.00 55.10 Bedmutha Industries Ltd. 20.40 20.00 183248 20.40 16.90 Bharat Gears Ltd. 98.45 19.99 323745 98.45 86.50

Tweet of the day... A blind currency trader who makes money by listening

FROM THE NEWSPAPER

L&T Infotech IPO subscribed fully: What 12 brokerages say Data available with stock exchanges BSE and NSE showed the issue had received total bids for 1.33 crore shares nu 3.24 PM, which was 1.08 times the total issue size of 1.22 crore shares. Shankar Sharma says too much FDI in some sectors a mistake Sharma says former prime minister Jawaharlal Nehru's policy to emphasize on domestic ownership of foreign entities was a masterstroke. Porinju says Indian stocks best hedge against everything negative Investors are running after risky assets, while at the same time betting on the government's bonds to save the day when the storm comes around. IndusInd Bank's Q1 PAT up 26% at Rs 661 crore The bank net interest income of Rs 1356.4 crore. Net interest margin expanded to 3.97 per cent compared to 3.7 per cent in the same period last year. JK Lakshmi@ 52-week high as investors bet on Q1 numbers On Monday, the stock rose 4.28 per cent to hit a one-year high of Rs 414.60 on BSE. In the past six months, the scrip has gained 27 per cent.

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