Friday, 12 August 2016

Stocks gave up to 1,000% return since I-Day; the SBI blockbuster, and what fuelled rally on D-Street

ET Market

ET Markets Daily Brief | Fri, Aug 12, 2016 | 04:30 PM IST

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15 stocks gave up to 1,000% return since last I-Day; do you own them?

The domestic equity market has been one of the most consistent performing markets post Brexit. The S&P BSE Sensex has risen about 5 per cent since then.

Do you know this hidden gem? It has climbed 530% over past 2 months! 

​The company, which was listed on June 9, has managed to generate 530% returns so far, hitting the upper circuit for 42 consecutive trading sessions.

Here's what happened on Dalal Street all through Friday

The Indian market is expected to open flat-to-higher today tracking positive trend seen in other Asian markets. Grasim & Aditya Birla Nuvo, SBI, Hero MotoCorp are top stocks in focus.

Interview One to One
We have a large amount of redemptions coming in mid week that will again pump liquidity back into the market....
K Harihar, Head Global Markets, FirstRand Bank
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Market Watch 12 Aug | 04:30PM|
SENSEX NIFTY USD/INR GOLD
28152.40
292.80
8672.15
80.00
66.86
0.01
31249.00
-78.00
Gainers Losers 12 Aug, 2016, 04:30PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
7Seas Entertainment Ltd. 15.60 20.00 55760 15.60 13.49
Bharat Rasayan Ltd. 1348.80 20.00 6306 1348.80 1191.00
Pioneer Distilleries Ltd. 126.05 19.99 15615 126.05 104.00
Tweet of the day...
FROM THE NEWSPAPER
SBI Q1 beats forecasts; top 5 takeaways

State Bank of India rose as much as 9.1% in the afternoon trade on Friday after the largest public sector bank reported results for the quarter ended June 30.

These four factors fuelled the rally on D-Street 

Sensex rallies 300 pts while Nifty50 surges above its crucial level of 8,650 supported by gains in realty, power, oil & gas, capital goods, and banking stks.

Earnings of PSBs to remain weak. What to do now? 

Asset quality indicators seem close to their weakest point, but bank earnings remain weak at least for the next 12-18 months, Fitch Ratings said in a report.

SC lifts curbs on registration of large diesel vehicles in Delhi,NCR

The decision came after auto makers such as Mercedes-Benz and Toyota offered to pay a 1% green charge on every car registered in Delhi and its cities.

Gold purchase reduces in India this year

There could be a surge in smuggled gold as new gold purchase regulations have boosted unofficial trading of the metal.

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