“It makes sense to look at the midcaps, which is a good segment as such. The companies are doing well. There is a good amount of opportunity available for these companies in the next few years as the economy expands. â€
“Across-the-board earnings have been quite positive. I do not see any reason for that to change. In fact, earnings could get better.â€
"The Indian market rallied 20% more even as all the other markets had peaked out in the end of 2007 and then we saw the crash in January. I hope the same thing does not repeat now."
In the 50-share pack Nifty, Power Grid was the biggest gainer, up 1.71 per cent. Indian Oil, ONGC, M&M, Bajaj Auto, NTPC, Bharat Petroleum, Coal India and Divi’s Labs were among other gainers.
The Rs 170.78 crore Paras Defence and Space Technologies IPO, which was sold from September 21 to 23, received a record breaking response from investors. The issue was subscribed 304 times during the offer period.
The Nifty Realty index was trading 0.58 per cent down at 510.8.
Oil prices dropped on Friday on the prospect that the OPEC+ supplier alliance might step up a planned increase in output to ease supply concerns, with soaring gas prices spurring power producers to switch from gas to oil. U.S. West Texas Intermediate (WTI) crude futures slipped 5 cents to $74.98 a barrel at 0153 GMT, though the contract remained on track to post its sixth consecutive week of gains.
Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 22882.01 Crore) operating in NBFC sector.
The price of natural gas produced by state-owned firms such as ONGC from fields given to them on nomination basis will be USD 2.90 per million British thermal unit for the six month period beginning October 1.
TCS has won six large deals in the last five months for projects that are built atop blockchain technology, including one for building a bank guarantee programme for a leading Israeli bank.
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