Rally in midcaps good news for IPO mart and how! Nifty looks poised to top 10,000

ET Markets Daily Brief | Thu, Mar 23, 2017 | 04:44 PM IST Follow ET Markets

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

Missed D-Mart windfall? Never mind, rally in midcaps rings in good news for IPO mart Foreign brokerage BofA-ML in a recent note said that higher midcap valuations have often acted as a lead indicator to rising primary issuances. GST coming soon, but don't expect quick benefits; rich valuation to stall stocks From a valuation point, the mkt is not cheap. It is trading in the rich zone and not looking attractive. Mid and smallcaps are pricey compared with largecaps. View: Best way to be a contrarian investor is to always carry your calculator We have all the factors which make debt an attractive contrarian investment ­valuation, & a -ve sentiment. Besides, pvt sector capex is also low, says S Naren.

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Market Watch 23 Mar | 04:44PM| SENSEX NIFTY USD/INR GOLD 29332.16 ↑164.48 9086.30 ↑55.85 65.54 ↑0.10 28884.00 ↓-1.00

Gainers Losers 23 Mar, 2017, 04:44PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low

Tweet of the day... Bonanza for shareholders: Oil marketing cos IOC, HPCL, BPCL declare dividends

FROM THE NEWSPAPER

PM Modi-fuelled bond rally attracts Mark Mobius to Indian debt market The purchases made by Franklin Templeton Investments this week were largely for tenors maturing in 2021-2023, said traders who asked not to be identified. F&O watch: Call unwinding opens path for Nifty50 to see more upside towards 9,218 If the index now holds above 9,075, it could extend the momentum towards 9,160 while on the downside supports are seen at strike prices 9,050 and 9,020. Shankara Building IPO subscribed fully on Day 2, retail quota sees 2 times bids The company has raised Rs 103.50 crore from anchor investors. A total of 22.50 lakh shares were issued to 16 anchor investors at a price of Rs 460 apiece. Hindustan Zinc a cash cow: What the massive dividend means to you, govt & Agarwal For the govt, which has a residual stake in the company, the Rs 11,259 crore dividend would help it cut fiscal deficit as record date is set on March 30, 2017. Many positives driving market, Nifty looks poised to top the 10,000 mark After hovering at four-digit level for the past two decades, the 50-share index looks poised to cross the psychologically important 10,000 mark this year.

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