Sensex reclaims 28K and how! Jhunjhunwala shares his investment strategy; Telenor's exit to benefit top telcos

ET Markets Daily Brief | Tue, Aug 30, 2016 | 04:54 PM IST Follow ET Markets

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

​Jhunjhunwala shares his investment strategy: Airlines still hot; IT, pharma to rebound soon RJ, often referred to as India's own Warren Buffett, has been investing in the mkt since 1985 and had a portfolio of roughly Rs 8,900 crore by the end of June. Rakesh Jhunjhunwala reveals market strategy: 10 takeaways from his interview He reaffirmed his view that India is in the middle of a bull market. "I think we are in early stages of it, because bull markets cannot end just like that," Jhunjhunwala said. Sensex reclaims Mount 28,000; four factors that could be fuelling the rally The Nifty50 broke past its crucial resistance level of 8,700, led by gains in realty, power, oil & gas, consumer durables, capital goods, banks, and auto stks.

Interview One to One Britannia is a stock which is very well placed, for next 12 to 18 months and that is why we are keeping a faith in th... Pankaj Sharma, ED , Equirus Securities

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

Market Watch 30 Aug | 04:54PM| SENSEX NIFTY USD/INR GOLD 28343.01 ↑440.35 8744.35 ↑136.90 67.05 ↓-0.13 30926.00 ↓-149.00

Gainers Losers 30 Aug, 2016, 04:54PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Yogya Enterprises Ltd. 7.14 20.00 48000 7.14 6.00 Zicom Electronic Security Systems Ltd. 48.05 19.98 545446 48.05 41.20 Nirvikara Paper Mills Ltd. 62.25 19.94 1111911 62.25 54.90

Tweet of the day... Oil discoveries at 70-year low signal supply shortfall ahead

FROM THE NEWSPAPER

Here's what happened on Dalal Street all through Tuesday 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. Smallcap valuations haven't hit the roof; 30 stocks doubled in one year After a sharp rally on both midcap and smallcap counters, some experts felt a slight correction could be in the offing, but the long-term trend still remains intact. Low participation shows we're in the early stage of a bull market, says Jhunjhunwala In an ETNow interview, Jhunjhunwala said that bull mkts start with low participation, end with humongous participation but we are still in its early stage. Fed to hike rates by 1-1.5% in 2 to 4 tranche in current rate hike cycle: Jhunjhunwala "Now, what we ask ourselves is, if the view of $ strengthening materialises over the next 6 to 12 mths, what impact it will have on EM currencies and assets." Amid fears of Reliance Jio entry, Telenor's India exit to benefit Airtel, Idea, Vodafone Telenor's exit is also expected to boost AGR growth in these seven circles. Among top three operators, Idea Cellular is expected to gain the most.

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