The market is surging ahead with the Sensex up 344.19 points or 1.3 percent at 26023.12. The Nifty is up 109.85 points or 1.4 percent at 7964.90. About 1499 shares have advanced, 908 shares declined, and 169 shares are unchanged.
Hindalco, Maruti, BHEL, Tata Steel and Tata Motors are top gainers while Hero and Adani are losers in the Sensex.
Morgan Stanley’s Jonathan Garner expects emerging markets to fall around 10 percent from current levels. In an interview to CNBC-TV18, he says emerging markets are trading around 15 times forward earnings, which is expensive.
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