Why Sensex rallied over 300 pts today; Brokerages projecting BJP win in UP

ET Markets Daily Brief | Wed, Jan 25, 2017 | 04:44 PM IST Follow ET Markets

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Sensex surges 333 pts, Nifty tops 8,600: Five triggers that drove the market rally Overseas, European counters were trading higher. Asian peers also ended the day on a positive note, taking cues from a firmer Wall Street. Dear FM, if Budget has LTCG, is hazy over FPI tax, only God can help D-St! PM Modi himself fuelled such fears in the runup to the Union Budget, by openly asking people who make money from the equity market to pay more taxes. Maruti Suzuki Q3 profit jumps 47 per cent YoY: 5 key takeaways Unit volume sales during the period stood at 387,251 units, up 3.5 per cent over same period a year ago. Of this, exports stood at 30,748 units, it said.

Interview One to One Consumer and auto are the sectors where the fear was very strong that demonetisation will play a very important role ... Pankaj Sharma , Equirus Securities

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Market Watch 25 Jan | 04:44PM| SENSEX NIFTY USD/INR GOLD 27708.14 ↑332.56 8602.75 ↑126.95 68.06 ↓-0.08 28537.00 ↓-188.00

Gainers Losers 25 Jan, 2017, 04:44PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low

Tweet of the day... CAUGHT ON CAMERA: The bulls & bears at ETMarkets Pre-Budget Meet 2017

FROM THE NEWSPAPER

BLOG: Look who moved the market all through Wednesday IT to rise above Trump tremor soon, D-St to see double-digit returns in '17 At present experts are underweight on IT. However, if business prospects begin to look better, some of the stocks can become reasonably good buys. Wipro reports 1.80% rise in Q3 net profit at Rs 2,109.60 crore Consolidated net income from operations declined 0.95 per cent to Rs 13,764.50 crore in Q3 of FY17 compared with Rs 13,896.80 crore in Q2 of FY17. D-Street gazes into the political crystal ball ahead of state polls, finds BJP 'UP' & running Veterans on Dalal Street expect a 1-1.5 per cent upside for the domestic stock market if the BJP wins UP and 3-3.5 per cent downside if it loses. Neelkanth Mishra's Budget: Give more funds to rural housing, set roadmap to reduce GST rates Nearly 60 per cent of all construction jobs in India are in building rural houses. And 55-60 per cent of the cost of construction in a rural house is labour.

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