Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Unless RBI temporarily relaxes the norms on recognising of bad loans, the pressure on this front could rise in the December quarter.
'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht.
The focus is on corporate results at one level but global news will also have an impact
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
Interest rate sensitive stocks gain ground post decision
A logjam on the GST front could turn things upside down and turmoil in Gujarat might also have an adverse impact
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The positive bias was aided by metal, realty and auto indices
The latest macro-data from India is disquieting
India's GDP for the three-month period ended September 30 grew 7.4%.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
The Survey shows fiscal consolidation despite slowdown in growth.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
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