JPMorgan raises Nifty target to 10K; 5 top brokerages under Sebi lens; Crude oil hits a peak since June

ET Markets Daily Brief | Wed, Oct 05, 2016 | 04:28 PM IST Follow ET Markets

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

RBI has delivered on rate cut: How you can make money in stocks now The important takeaway from the Governor's speech is his dovish stance on future rate cuts as he expects inflation to fall and come below RBI's comfort level. JPMorgan sees Nifty50 at Mt 10K by 2017, says good time to buy on dips Events calendar over the near term suggests positive news could thin out over this period. Consequently, it said it does not rule out a phase of consolidation. BLOG: Look what happened in your market all through Wednesday Tuesday's rate cut by RBI and a bullish projection for the domestic economy by the IMF offer a headstart to Dalal Street this morning.

Interview One to One "Modi adminstration has done a great job in carrying out reforms and cleaning up the banking system"... Gerardo Rodriguez , Blackrock

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Market Watch 5 Oct | 04:28PM| SENSEX NIFTY USD/INR GOLD 28220.98 ↓-113.57 8743.95 ↓-25.20 66.54 ↑0.08 30000.00 ↑9.00

Gainers Losers 5 Oct, 2016, 04:28PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Pitti Laminations Ltd. 63.00 20.00 348439 63.00 52.45 Usha Martin Ltd. 15.60 20.00 1562137 15.60 13.00 Pearl Polymers Ltd. 24.60 20.00 230789 24.60 20.45

Tweet of the day... Rate cut to lift consumer sentiment, but FMCG stks not out of the woods

FROM THE NEWSPAPER

NSEL case: Motilal Oswal, Anand Rathi among 5 top brokerages under Sebi lens ETNow reported that investigation has revealed wrongdoings among the brokers. Sebi has already completed audit of books of these brokerages. Endurance Tech IPO kicks off: Should you subscribe? Bharat Forge, Munjal Showa, Mahindra CIE Automotive and Rico Auto are some of the major listed peers of the company. They enjoy an average PE of 28.29. Patel impact: Gold bugs, stop fretting over the Fed. Worry about India! A greater tolerance for inflation spells bad news for gold because it's jewelry demand as much as investment that really drives the global market. IT sector stares at weakest growth in a decade; few safe stocks to bet on Some brokerages have started lowering valuation multiples for IT stocks, as they expect them to taper revenue guidance. Others are keenly awaiting guidance. Oil hits highest since June on possible US inventory drop Brent crude was trading at $51.70 a barrel, up 83 cents, at 0819 GMT. The global benchmark touched $51.72 during the session, its highest since June 10.

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