The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during the month.
Stick to export-focussed plays, large-caps, say analysts
Institutional investors led by foreign portfolio investors have bought these shares.
The double-digit growth in itself is eye-popping, given the FMCG sector has seen low single-digit volume growth in recent times.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
Maharashtra raises vehicle registration fee, Tamil Nadu ups entertainment tax
These consistent performers are expected to maintain momentum.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam Chhaochharia, executive director & head, India Research, UBS, explains why implementing goods and services tax (GST) may not be as disruptive as many perceive it to be. But, he warns investors shouldn't have high expectations on corporate earnings.
Over two dozen companies have announced bonus issue so far in 2017
Number of stocks trading above 50 times and 100 times earnings are at record highs. When this happened in 2015 and 2016, the Sensex fell 22.6 per cent in a little over a year's time after peaking in January 2015, while it fell by 11.3 per cent in two months from its peak in September 2016.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
Investor Rakesh Jhunjhunwala and his family's net worth in listed companies surges in the recent bull run.
Aptech, Lumax Industries, Vedanta, Indian Bank, Venky's India have appreciated over 200% in a year
41 companies take back shares worth Rs 27,783 crore in FY17
Infosys, Wipro may follow suit as investors eye a piece of the large cash kitty as growth slows.
'The big elephant in the room is our misguided view about the rupee.' 'India is scared that if our currency appreciates, who will buy from us. But a breakout is inevitable.'
In 2015-16, Sikka as CEO took home Rs 48.73 crore as salary (including, bonus and incentives), which is the highest among peers.
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