Shares of National Aluminium Company (up 2.67 per cent), Oil & Natural Gas Corporation (up 1.2 per cent),Tata Chemicals (up 0.69 per cent), Jindal Steel & Power (up 0.67 per cent), Tata Power Company (up 0.63 per cent) and Tata Steel (up 0.12 per cent) were among the top gainers.
United Breweries performance is expected to improve and as is visible from the Consensus Estimate, its net profit is expected to zoom by 39% in 2020-21. This should result in a re-rating in this counter, making the company a favourite of analysts.
The stock was banned from trading in the futures segment recently after the combined open interest in its derivatives contract crossed 95 per cent of the market-wide position limit. The open interest refers to all outstanding buy and sells positions in the security or futures, and options contracts.
Most analysts agree the market is teeming with stock-specific opportunities.
"ET Intelligence Group: The appetite for Indian equities is growing among investors from the middle-weight developed economics such as Norway, Iceland, Canada, and the Netherlands. The assets under management (AUM) of investors in these countries grew by 15-27 per cent in India since the beginning of the current year. The total AUM by foreign portfolio investors