The markets opened firm amid sustained buying interest. The Sensex opened at 6,996, up 12 points and the Nifty also opened higher at 2,148, up 4 points.
Developers grappling with labour shortage and getting construction material to sites could be among a list of problems.
Bubbles can inflate indefinitely and also burst, with deep corrections, warns Devangshu Datta.
Will the markets crash now? Is it best to sell your stocks at these levels and get out of the stock market? Or do you think the fears are unfounded and markets will rise further? \n
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
'Largely, new demat accounts are now being opened by the younger crowd, particularly GenZ.' 'This is great news since younger investors start their journey with very little capital, so they are risking less.'
The unprecedented fall in stock market had numerous reasons backing it up. As the market gets bullish again, it is wiser to be disciplined and patient with your investments.
The participation in IPOs is encouraging but rising bank deposits show that the wounds of previous scams are still green.\n\n\n\n
Investors must realise that a fundamentally strong company will attract investors (FII or otherwise) over the long-term.
Conflicting views on Coal India (CIL) might leave investors confused. The bullish perspective that India has strong power demand (and also high steel production) means high demand for coal. As CIL is the monopoly producer of coal -- supplying over 80 per cent of the domestic requirement - the public sector undertaking should be a beneficiary of the rising power demand.
The assets under management of mutual funds are likely to cross Rs 600,000 crore (Rs 6 trillion) by the end of this fiscal as the continuing bull run in the stock markets and launch of new schemes by fund houses lures more investors.
Sensex has now risen by 807.64 points in three straight sessions.
Companies spent less money buying back their shares from the public last year than at any time since 2015. They announced buybacks of up to Rs 14,341 crore, show numbers from primary market tracker Prime Database. The total amount spent was Rs 13,597 crore. Both the amounts are lower than what was offered (Rs 39,564 crore) and spent (Rs 36,517 crore) in 2020.
Wipro Chairman Azim Premji remains India's wealthiest billionaire. Premji has added Rs 9,346 crore to his wealth this year, taking his net worth to Rs 41,888 crore.
What do you think of this sharp rise in Sensex? Was it too fast? Will the market crash as rapidly as it rose? Will the bull run sustain? What should you do now?
Formula One leader Max Verstappen handed his Red Bull team a home pole position for Saturday's sprint race at the Austrian Grand Prix after Mercedes rivals Lewis Hamilton and George Russell crashed in qualifying.
