Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Several brokerage houses have given a year-end target of as high as 30,000 for the BSE bourse's benchmark Sensex, with fund managers telling investors not to redeem though the index is still only around 25,000.
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
The total investor wealth, measured in terms of cumulative value of all listed stocks on BSE, slumped by over Rs 7 lakh crore during the torrid week.
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
'The D K Adikesavulu clan is so wealthy, owns so many houses, and has so much jewellery,' notes T V R Shenoy, 'that it did not notice a servant stealing at the rate of Rs 66 lakh every year!'
Financial numbers can sometimes paint a rosy picture because of changes in the accounting policy or a one-time income.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
Challenges abound but innovation is key for new banks inorder to survive.
If nothing is done, the country is set to become 83 per cent energy-import-dependent by 2040.
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
They are suitable for a 3-5 year horizon. Choose equity funds for longer than 5 years
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
So, what does 2016 have in store for the Indian markets? Will they be able to take a giant leap forward in the leap year, and what are the key risks?
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.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
With the Union Budget over, it is a good time to start the rebalancing exercise. Take cues from last year's market performance
Long-term investors should not reduce or stop their equity mutual funds through SIPs.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Indian companies typically have higher return on equity.
We need a change in mindset, says the RBI Governor.
These are companies with a strong track record and good prospects on earnings.
Global disinflation has finally caught up with India's high-cost economy.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
