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.
The market capitalisation of BSE-listed companies reached an all-time high of Rs 261.73 lakh crore on Thursday, helped by a massive rally in the equities where the benchmark Sensex zoomed 958 points to end at a fresh lifetime peak. The 30-share BSE benchmark jumped 958.03 points or 1.63 per cent to settle at its new closing peak of 59,885.36. During the day, it gained 1,029.92 points to touch an intra-day record high of 59,957.25.
Investors have become poorer by a massive Rs 19,50,288.05 crore as equity market sell-offs continued for the fifth day in a row on Monday. The BSE Sensex plunged 1,545.67 points or 2.62 per cent to settle at 57,491.51 on Monday, while, the NSE Nifty slumped 468.05 points or 2.66 per cent to settle at 17,149.10. This is the steepest single-day drop for the indices in about two months. Over the last five sessions, the 30-share Sensex has tumbled 3,817.4 points or 6.22 per cent.
Some are treating the price correction as akin to a fiscal stimulus that could kick-start a new demand cycle in the economy.
In an hour-long chat on rediff.com on Wednesday, experts Vinay Mahajan and Devang Mehta offered some valuable tips.
In a live chat on rediff.com to be held on Friday, July 11 at 4 pm, well-known equity specialist Devang Mehta will help you understand 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.
In the Sensex pack, Bharti Airtel was the top performer, surging 4.61%. Other gainers included ICICI Bank, IndusInd Bank, L&T, Sun Pharma, RIL, HDFC duo, Tata Motors and M&M -- climbing up to 3.69%.
IndusInd Bank was the biggest gainer in the Sensex pack, rallying 5.23 per cent, followed by Hero MotoCorp, Coal India, Yes Bank, PowerGrid, ICICI Bank, HCL Tech, L&T, Kotak Bank and Bharti Airtel, rising up to 1.56 per cent.
Among the 30-share basket, 27 stocks led by Bajaj Auto and Bharti Airtel ended with losses.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Nearly 400 stocks hit their 52-week low on BSE on Thursday.
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
The market last tumbled 10% or more in December 2016 following demonetisation. The decline was followed by a sharp rebound. This time the chances of such a v-shaped recovery are less.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
Sensex is now as expensive as in early 2008
Their share in overall market capitalisation of BSE stocks has risen to a four-year high
The recovery was led by pharma majors led by Dr Reddy's Labs.
Paid Rs 15,474 cr against CIL's Rs 13,075 cr in FY15
It was a year of big gains for equity investors.
India Inc gets about Rs 67,000 crore worth of fresh orders in the Sept quarter, a rise of 45% sequentially.
Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Through the past 12 months, the Bank Nifty has risen 55%
HUL, UltraTech, Asian Paints, L&T, HDFC Bank top global valuation charts
23 Nifty companies reported an annual decline in net profit.
Sensex rose 5.8% this year, against a 3.2% rise in Nifty; Axis Bank inclusion may blunt Sensex edge
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
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Else, more capital outflow and pressure on rupee likely.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
India Inc did not perform well during December quarter.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
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