Multibaggers have a different address & it’s not Sensex; What forced Moody’s to upgrade India’s rating

ET Markets Daily Brief | Fri, Nov 17, 2017 | 07:06 PM IST Follow ET Markets

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Tech view: Nifty50 forms small bearish candle; watch 10,230 level Followup buying may signal that the trend has indeed reversed in favour of the bulls. After Hours: D-St salutes Moody's upgrade; Nifty Bank hits new peak Saluting the rating upgrade, the S&P BSE Sensex surged 236 points to settle at 33,343. Moody's rating upgrade positive for stocks, MFs, bonds; rupee may slide Marketmen said Moody's rating revision was at least a year behind the curve.

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Market Watch 17 Nov | 07:06PM| SENSEX NIFTY USD/INR GOLD 33342.80 ↑235.98 10283.60 ↑68.85 64.95 ↓-0.38 29464.00 ↓-39.00

Gainers Losers 17 Nov, 2017, 07:06PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Ajanta Soya Ltd. 62.05 19.90 87206 62.10 49.80 Provogue (India) Ltd. 5.74 19.83 387228 5.74 4.61 Sundaram Multi Pap Ltd. 4.18 19.77 1540355 4.18 3.47

Tweet of the day... S&P unmoved by Moody's action, says India's fiscal position is weak

FROM THE NEWSPAPER

These 10 charts show what forced Moody's to upgrade India ratings Analysts say even without the upgrade, domestic equity market was poised to surge. 1,200% returns in a year! Multibaggers have a different address; it's not Sensex With valuations on a rise, the scope for finding unidentified multibaggers is shrinking. Global endorsements shot in the arm for the bulls on Dalal Street Experts believe these global appreciations will help bring down the cost of borrowing for India Inc. 70% netizens agree with Big Bull, Indian IPO mart has turned frothy "There is a lot of froth in the IPO market," Jhunjhunwala had said. Bitcoin hits record just days after a 29% plunge Bitcoin has picked up right where it left off, hitting another record high to close in on $8,000.

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