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Rupee, IT stocks, global cues take the Sensex 456 points higher on Friday

Snapping previous session’s losses, the benchmark indices on Friday staged a smart recovery led by gains in IT and pharma stocks after the rupee on Thursday hit its all-time low against dollar. Positive global cues as dollar retreated from 14-year high mark also added to the gains.

The S&P BSE Sensex settled the day at 26,316, up 456 points, while the broader Nifty closed at 8,114, up 149 points. In broader markets, BSE Midcap was up 1.3% while smallcap ended 2% higher.

Export-driven businesses like information technology (IT) and pharmaceutical rallied on the index today after rupee touched its record low on Thursday. These stocks earn more revenues on rupee depreciation as every dollar earned through exports means more rupees added to their bottom line.

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stockarchitect November 26, 2016

ashish_tn / Axis Bank / Food / HDFC Bank / Inditrade / Jet Airways / Jubilant / purohitjay / Sagar Cements / stocksresearch / talapatra_a /

Some picks from the week gone

Another week goes by and we are now in the final week of the financial year. While we all know we don’t always pick winners, we make our sincere attempt not to lose our hard-earned money. We hope the year has been as fruitful for all investors as it has been with us here at StockArchitect. Here are some of the picks from the week that just went by.

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stockarchitect March 26, 2016

Airways / Ashok / Ceat / Food / Jet / Jubilant / Leyland / Pacefin / rajeshvaluebuys / RKGlobalMumbai / Stock4day / Uflex / wolfdailytips /

Budget 2016 is here! What does it hold?

The Honourable Finance Minister presented the Annual Budget 2016 today (February 29, 2016) in the parliament. While he touched upon a lot of points, here is a brief on what the budget holds for the different sectors in the stock market and some specific scrips that would be affected.

Food