Multibaggers anyone? PSBs up 50%; 60 midcaps hit 52-week highs in a month

ET Markets Daily Brief | Thu, Jul 07, 2016 | 04:53 PM IST Follow ET Markets

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Potential future multibaggers? PSU bank stocks up 50% since June The Nifty PSU bank index has risen over 13% since June compared with a 3% rise in Nifty50 in the same period. Allahabad Bank gained 20%, OBC rose 15%. 60 midcap stocks hit 52-week highs in a month! Ready to reap the benefits? BSE Midcap index rose 5% since June. The momentum-driven rally fuelled a surge in midcap stocks, which posted double-digit returns for the past one month. Here's what happened on Dalal Street all through Thursday 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 The growth premium is increasing. So wherever you see more growth, the valuations are high and they remain high... Devendra Joshi , HSBC

Market Watch 7 Jul | 04:53PM| SENSEX NIFTY USD/INR GOLD 27201.49 ↑34.62 8337.90 ↑1.95 67.41 ↓-0.04 31970.00 ↓-146.00

Gainers Losers 7 Jul, 2016, 04:53PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Indbank Merchant Banking Services Ltd. 9.48 20.00 101981 9.48 8.10 Upper Ganges Sugar & Industries Ltd. 462.50 19.99 455076 462.50 377.05 Ponni Sugars (Erode) Ltd. 294.20 19.98 23425 294.20 254.60

Tweet of the day... Fresh Put writing at 8,200 to lend support to Nifty50

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