Steer clear of expensive midcaps; but you may look at pharma stocks

ET Markets Daily Brief | Thu, Aug 11, 2016 | 04:15 PM IST Follow ET Markets

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

Up to 76,000% surge in 5 yrs; the rally now lives only in history: Are they worth a look BSE Sensex had a dream run during the bull phase, as it jumped 10,524 points to close calendar year 2006 at 13,786.91 compared with 3,262.33 at the end of 2001. Over 100 smallcap and midcap stocks near 52-week highs; avoid, if you can "Don't buy stocks, which are at all-time high levels. Stick with companies that are unlikely to deliver operational disappointments," said an expert. Here's what happened on Dalal Street all through Thursday We capture every actionfrom the listed universe of India Inc; be it largecap, midcap or smallcap, to keep you up-to-date on anything that may move your market.

Interview One to One If you are a first time investor, you are not a tax payer, consider a balanced fund. If you are an aggressive investo... Dhirendra Kumar, CEO, Value Research

Advertorial Can you invest like a marathoner? Olympic Games typically end with the marathon run. It is considered to be a very important event that tests the resolve of the athletes.

Market Watch 11 Aug | 04:15PM| SENSEX NIFTY USD/INR GOLD 27859.60 ↑84.72 8592.15 ↑16.85 66.87 ↑0.15 31340.00 ↓-53.00

Gainers Losers 11 Aug, 2016, 04:15PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Goyal Associates Ltd. 2.16 20.00 45989 2.16 2.16 Chemfab Alkalies Ltd. 216.00 20.00 167098 216.00 174.60 Malu Paper Mills Ltd. 17.70 20.00 107941 17.70 15.50

Tweet of the day... Dilip Buildcon makes decent debut, lists at Rs 240 on BSE, up 9.6%

FROM THE NEWSPAPER

IPO frenzy: Old is good, but who doesn't spend on new Bollywood flicks Going forward, several big IPOs are lined up for the year, including that of ICICI Prudential, which would probably be the biggest IPO in six years. Hits & Misses: After 260% surge, Fag Bearings slowing, but may rally again The company is expected to deliver 13 per cent and 19.7 per cent growth in revenue and profit over CY15-17, respectively, along with an ROCE expansion. Gold rally in H1 biggest since '80; jewellery demand falters, ETF inflows@ record high According to the latest report of WGC, gold jewellery demand in India stood at 97.9 tonnes in Q2, trailing China's demand for 143.50 tonnes during the quarter. In bear grip: Pharma stocks dive up to 70% from 52-wk highs! Time to pick them Pharma is one counter that has given consistent returns for past many years and experts believe it would not be wise to write off the sector as yet. Had talks with government over second term: Raghuram Rajan "Some of the (recent) attacks were ad hominem, that is imputing sort of motives and alleging things completely without any basis, those I just put aside," he said.

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