Synchronised global macro cues fuelling risk-on rally; Nifty50 headed for 10,500

ET Markets Daily Brief | Sat, May 27, 2017 | 03:38 PM IST Follow ET Markets

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Market hits a ton, celebrating 100 days of non-stop bull run Market has regained velocity to go higher, correcting the excesses quickly and swiftly. Nifty headed for 10,500! These sectors will lead next leg of rally Stocks rally, which started with pro-growth reforms from the Modi govt, is likely to widen. Sebi issues show-cause to NSE, 14 officials in algo trade case NSE officials in question are taking legal advice to prepare their response for sebi.

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Market Watch 27 May | 03:38PM| SENSEX NIFTY USD/INR GOLD 31028.21 ↑278.18 9595.10 ↑85.35 64.44 ↓-0.18 28890.00 ↑229.00

Gainers Losers 27 May, 2017, 03:38PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low HEG Ltd. 291.65 20.00 78207 291.65 245.00 Swelect Energy Systems Ltd. 421.35 19.99 129016 421.35 409.00 Shreyas Shipping & Logistics Ltd. 336.10 19.99 50472 336.10 285.00

Tweet of the day... FPIs, banks, brokers scrutinise employees for market manipulation

FROM THE NEWSPAPER

Synchronised global macros giving legs to risk-on rally: Bagga The market today is not an undervalued one but you have to pay a price for growth in India. Brokerages slash Cipla's target price on weak Q4 earnings Cipla reported a consolidated net loss of Rs 61.8 crore for the quarter ended March. China considers changing yuan fixing formula to curb swings Policy makers may add a "counter-cyclical factor" to the yuan's daily fixing. Sebi issues new norms for listing of NCRPS in mergers Sebi issued a new framework for listing of non-convertible debentures and nonconvertible redeemable preference shares. Invest in a staggered way over next few weeks: Mayuresh Joshi The earnings trajectory should improve in the second half of FY18 both on a low base as well as expectation

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