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Bizarre valuation calls for cautious optimism

Bizarre valuations make this a week calling for cautious optimism

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Finance Minister Arun Jaitley strikes the gong at the launch of India’s first agri-Options by National Commodity and Derivatives Exchange Limited (NCDEX) in New Delhi. Pic/PTI
Finance Minister Arun Jaitley strikes the gong at the launch of India’s first agri-Options by National Commodity and Derivatives Exchange Limited (NCDEX) in New Delhi. Pic/PTI

The market movement continued and the momentum was kept intact. The BSESENSEX gained 438.54 points or 1.27 per cent to close at 34,592.39 points. NIFTY gained 122.40 points or 1.15 per cent to close at 10,681.25 points. The broader indices saw the BSE100, BSE200 and BSE500 gain 0.99 per cent, 0.91 per cent and 0.95 per cent respectively. BSEMIDCAP was up 0.37 per cent and BSESMALLCAP was up 1.44 per cent.

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