3 charts signal equities in mood to rally; Prashant Jain bets on stocks to give double-digit returns; RJ says IT distress to last 2 more years

ET Markets Daily Brief | Thu, Jan 05, 2017 | 06:35 PM IST Follow ET Markets

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

Want to run faster than market in 2017? Many high-beta stocks are in a sweet spot A beta value higher than one means the stock would rise faster than the broader market in a bullish market while it may slip more when the market slides. These charts can make you believe India, other EMs readying to rally for 7 months If history is anything to go by, every sizeable correction in emerging markets has consistently been followed by market rally lasting five to seven months. Some solid reasons to believe Indian equity market will deliver better in calendar 2017 The EU and Japanese central banks continued to provide monetary stimulus to their economies through bond-buying programs and interest rate cuts.

Interview One to One Keep a watch on auto companies like Maruti, Mahindras and Tata Motors and buy on every possible dip, says the Prabhud... Dilip Bhat , Prabhudas Lilladher

Advertorial Watch Webcast: How ICF brings the global Copper fraternity together ICF is the biggest platform that brings together the Copper fraternity from India and Internationally to congregate and deliberate on opportunities and challenges lying ahead.

Market Watch 5 Jan | 06:35PM| SENSEX NIFTY USD/INR GOLD 26878.24 ↑245.11 8273.80 ↑83.30 67.96 ↓-0.08 27850.00 ↑168.00

Gainers Losers 5 Jan, 2017, 06:35PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Gini Silk Mills Ltd. 408.25 19.99 6913 408.30 379.95 I P Rings Ltd. 240.10 19.99 58653 240.10 205.00 STI India Ltd. 17.47 19.99 22628 17.47 15.70

Tweet of the day... Bank, metal and EPC should revive over next two years: Prashant Jain

FROM THE NEWSPAPER

BLOG: Look who moved the market all through the day ​ A strong handover from the US market, steady trade in Asian stocks and renewed strength in the rupee should help the domestic market look up in the absence of any major domestic cues. IT to remain in distress for at least 2 years, M&As can help turn it around: Jhunjhunwala In an interview with ETNow, the partner at Rare Enterprises said the cyclical slowdown that has gripped the sector can last for at least two years. Fed minutes show faster pace of rate hikes, chances of faster GDP growth The median of the projections for federal funds rate for 2017 through 2019 were 25 bps higher in December review compared with the September projections. Bitcoin nears all-time high as it becomes 'safe haven' asset The unit broke the USD 1,100 barrier on the Bitcoin Price Index, an average of major exchanges, to continue a dizzying rise that made it the best performing currency of 2016. Goldman sees mid-2017 Brent peak at $59/bbl after Opec output cuts Robust oil demand and higher-than-expected compliance with the output cut deal could lead to normalisation of inventories by next summer.

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