The new regulation for reclassification in mutual funds portfolio is leading to some correction and there is going to be a large selling in small cap space. So, valuations of both mid cap and small cap stocks are going to be attractive.

India is making new records in road construction. This makes some companies good investments.

There are 320 stocks whose PE multiples are trading over 50% discount to their industry PE multiples. On an average, the group has outperformed the market by over 1.9 times in the last one year.

Non-Resident Indians' (NRIs) net inflows jumped to USD 5,039 million between April 2017-December 2017 compared to net outflows of -15,065 USD millions in April 2016-December 2016.

ONGC (2.93%), Infosys (1.61%), Bajaj Auto (1.60%), TCS (1.54%) top Sensex gainers. Market breadth was positive with 1,574 stocks closing higher against 1169 ending lower on BSE.

The Sensex closed marginally higher on Thursday with 21 stocks closing in the red.  The BSE Sensex rose 26 points to close at 33,588 level. The Nifty ended flat at 10,348, up 6 points. Here are the key highlights, which affected the market today.

A motley group of emerging infrastructure companies has seen rapid growth in recent years.

Infosys was the top laggard on the BSE shedding over 3 per cent as investors await the IT heavyweight's announcement of quarterly results on Thursday, kicking off the earning season.

Indiabulls Housing Finance and Indian Oil Corporation will be included in the index in their place. The changes, announced by Indian Index Services and Product, an arm of NSE, will be effective from March 31, 2017.    

The 14 IPOs since April were subscribed over 32 times on average. Those of RBL Bank, Advanced Enzyme Technologies, Quess Corp, Mahanagar Gas, Thyrocare Technologies and Ujjivan Financial were subscribed 40 to 82 times.

The first half of 2016/17 is expected to end with a mobilisation of Rs 17,283 crore through initial public offerings (IPOs). According to PRIME database, this would be the highest amount raised in the first half of the last nine fiscal years. The previous high was Rs 21,244 crore in 2007/08.

Extending losses for the second consecutive session, the S&P BSE Sensex on Monday gained 100 points, while the broader Nifty50 was heading towards its key 8,750 level.