Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
The average return for the 2,127 companies outside the A-group is 42 per cent
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
These are companies with a strong track record and good prospects on earnings.
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.
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