What fuelled Friday's market rally; Stocks that rose 170% while you were sleepless over cash ban

ET Markets Daily Brief | Fri, Nov 25, 2016 | 04:40 PM IST Follow ET Markets

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

Top four factors that fuelled the 456-point rally in Sensex on Friday Most experts tracking the currency said the pain may not be over yet, while some said the domestic currency may slip to the 70 level in the near term. When you were sleepless over cash ban, these stocks rose up to 170% Onset of a low interest rate cycle, a trading book of almost Rs 4,500 crore and cheaper valuations are some of the factors that are working in their favour of the stock. BLOG: Look what happened in your market all through Friday An unprecedented slump in the rupee has left India's financial markets in the doldrums. Watch this space as we bring you continuous updates from Dalal Street.

Interview One to One The markets will remain choppy in the near term, certainly till December 30. Even after that, you might see some chop... Rohit Agarwal , Kotak Mutual Fund

Advertorial How about some investment tips, market cues and technical chart reading with your morning Cuppa? Subscribe to a free BREAKFAST BRIEFING from ETMarkets before you hit Dalal Street.

Market Watch 25 Nov | 04:40PM| SENSEX NIFTY USD/INR GOLD 26316.34 ↑456.17 8114.30 ↑148.80 68.43 ↓-0.31 28605.00 ↓-141.00

Gainers Losers 25 Nov, 2016, 04:40PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Castex Technologies Ltd. 9.01 19.97 863717 9.01 7.50 HCL Infosystems Ltd. 50.80 19.95 1617963 50.80 42.40 Metalyst Forgings Ltd. 65.00 19.93 116078 65.00 55.05

Tweet of the day... US Fed rate hike may not be that bad for emerging markets: Mark Mobius

FROM THE NEWSPAPER

Pharma loses premium tag; risk-reward unfavourable despite record low rupee While the valuation premium at which pharma stocks were trading at last year has seen a crash in recent time and the risk-reward still appears unfavourable, say experts. Worst-case scenario for Nifty50 is 7,500: How to deal with a 6% slide? In the worst-case scenario, painted by market experts, Nifty50 could slip towards the 7,500 level, which can mean a 6 per cent slide from the current level. Want to make the most of sinking rupee? Figure out the unlikely losers, surprise gainers Export-oriented IT, pharma and textiles, and others sectors that get impacted due to dumping, such as steel, would be key beneficiaries of the plunge in rupee. Why should Pakistan have a problem with India's cash war? Wathra calls it extreme PM Narendra Modi invalidated Rs 500 and Rs 1,000 bills in a single move announced Nov. 8, sucking out 86 per cent of the nation's currency in circulation. SpiceJet registers seventh consecutive profitable quarter, PAT surges 103% YoY Total income from operations jumped to Rs 1,400.39 crore in the quarter under review. It had registered total income of Rs 1,029.11 crore in the same quarter last year.

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