5 factors that drove Friday's market; The next mega trend on D-St; Why Yes Bank price target was cut by half

ET Markets Daily Brief | Fri, Sep 16, 2016 | 05:28 PM IST Follow ET Markets

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

Next mega trend: These 15 stocks more than doubled investors wealth The industry accounts for 3% of the global specialty chemicals market. It delivered 13% growth over the past 5 years, primarily led by domestic consumption. Top five factors which could be fuelling the rally on Dalal Street The S&P BSE Sensex pared gains after rallying as much as 366 points on Friday. The Nifty50 failed to close above its crucial level of 8,800. Midcap mania: Forget valuation worry, look for earnings visibility At a time when there has been near-consensus among analysts about valuations nearing the 'rich' one, it is wise to hunt for midcaps with earnings visibility.

Interview One to One "Now I would say we are in moderately attractive territory"... S Naren, ED & CIO, ICICI Prudential AMC

Advertorial Help us understand your experience with economictimes.com. Share your feedback here Fill up a 5 minute survey

Market Watch 16 Sep | 05:28PM| SENSEX NIFTY USD/INR GOLD 28599.03 ↑186.14 8779.85 ↑37.30 66.98 ↓-0.04 30890.00 ↓-20.00

Gainers Losers 16 Sep, 2016, 05:28PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low United Breweries (Holdings) Ltd. 36.95 19.97 2222277 36.95 31.00 Dhabriya Polywood Ltd. 82.05 19.96 65000 82.05 79.00 Gyscoal Alloys Ltd. 96.10 19.60 141147 96.40 80.15

Tweet of the day... Infosys expects Q2 to be better than Q1 but may cut guidance; what should you do?

FROM THE NEWSPAPER

Here's what happened on Dalal Street all through Friday The domestic equity indices are likely to see a positive opening on Friday as US stocks surged in overnight trade after weak economic data there lessened fears of a possible rate hike at the two-day Fed policy review next week, beginning Tuesday. Why Yes Bank target price slashed by a half to Rs 650 Yes Bank may have better structuring capabilities than other Indian banks; however, current NPLs appear unsustainably low, as per UBS study. Merger news is like a falling knife for stocks; how to make money Shares of Hinduja Foundries slumped 18 per cent on Friday on the back of a 20 per cent fall on Thursday after its board announced merger with Ashok Leyland. Rupee devaluation: Why this desperation and can we really do anything about it? In our assessment, the rupee is considerably overvalued on a REER basis. Our projection for the rupee has been maintained at 68-70. HNIs bid heavily for GNA Axles IPO; issue subscribed 18x Data compiled from BSE and NSE suggested that the issue received bids for 7.68 crore shares against the issue size of 44.70 lakh shares till Friday afternoon.

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