Mark Mobius, executive chairman, Templeton Emerging Markets Group, is positive on India and believes the Indian economy is on a strong footing
'The focus is more on the outlook for global growth'.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
As many as 142 stocks from the S&P BSE500 index are currently trading below their level of May 12, 2014
So long as there are concerns about world trade, growth and oil prices, the domestic market will remain volatile.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Ten stocks that can reap you a fortune
The rally in most of these stocks is partly attributed to impressive financial performance.
Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
It is the fundamentals of companies that will drive stock performance.
Oil and Natural Gas Corporation, Hindalco Industries, Tata Steel and Vedanta were down up to 70 per cent below their one-year highs.
When there is panic, you get an opportunity to get your hands on some of the good stocks.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
In ITC, LIC has invested Rs 38,358.66 crore, according to Capitaline data.
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
Over the past two decades, India has evolved economically as well as from the market's perspective.
In the December quarter, Sensex earnings had contracted 5 per cent.
Ashok Leyland, ITD Cementation India have more than doubled.
'There is no change in the overall story of economic recovery.'
Sun Pharma's Dilip Shanghvi is India's richest person.
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