Hopes of revival and earnings growth in 2020, surprise tax cuts, and robust foreign flows - thanks to easy global monetary policies - are a few reasons why the markets have managed to digest the low GDP footprint. Select bluechips such as Reliance Industries, Bajaj Finance, Asian Paints, and ICICI Bank have gained sharply this year. On the other hand, YES Bank, Zee Entertainment, and Indiabulls Housing have seen a sharp fall.
Bluechips underperform in recent rally.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
Worst performers among category funds, but beat sectoral indices
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
Stock markets will remain closed on Tuesday
M-cap of RIL surged Rs 22,358.6 cr to Rs 2,92,392.91 cr
Market valuation of TCS surged by Rs 26,677.87 crore.
The rupee hovered in a narrow range of 62.20 and 62.28
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The overseas market has developed into a significant competitor for India's two biggest markets -- rupee and stocks, the pre-Budget Economic Survey 2013-14 said, adding that ten years ago, the global market was practically absent in both these fields.
The rally in the broader market also mirrored the positive trend seen in other Asian markets.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
For investors, every cost-saving means higher returns.
'Jaguar Land Rover will manage the long-term impact and implications of this decision.'
This is one of the rare orders by Sebi that bars a bluechip and its top promoter/executives from market.
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Infosys forecast a 10.8-12.3 per cent sales growth in the US dollar terms for 2016-17.
9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion
Adani Ports, BHEL, Tata Motors, ONGC, Mahindra & Mahindra and Tata Steel were the top losers.
2014 was a great year for Sensex which never looked back and climbed high significantly.
In the currency markets, the rupee lost another 10 paise to close at 1-week low of 63.54 against the US dollar
The 30-share Sensex, after opening on a strong footing, continued its upward march to hit an all-time high of 35,827.70. The NSE Nifty also hit a record intra-day high of 10,975.10, before finishing at 10,966.20, up 71.50 points.
Sensex shed 167 points to close at 28,633 and Nifty dropped 55 points to end at 8,695.
The 30-share Sensex was up 191 points at 28,707.75 and the 50-share Nifty was up 54 points at 8,714.
UK operations of several Indian companies might take a hit.
Experts say investors should stay patient and stay invested in mutual funds.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
In the 30-share Sensex constituents, 16 ended lower and 14 gained, helping the benchmark indices trim losses.
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