Corporate earnings in this quarter may take a hit on account of the equity exposure that companies may have taken following a bad quarter for the Indian markets, say market analysts.
Market experts say booking profits could be unwise. If you are nervous, go for dividend-yield stocks.
The country's top 10 firms witnessed an over Rs 2.27 lakh crore addition to their market valuation, with Reliance Industries contributing the most to the club's kitty, as the Bombay Stock Exchange benchmark Sensex recorded its historic single day gain on Monday.
The index rising for the fourth straight session surged 564 points.
After a big initial public offering season last year, some 150 companies are expected to raise up to $10 billion in new listings in '07.
The crorepatis are to be found principally in IT, pharmaceutical and engineering companies
J M Morgan Stanley and UBS Securities have suggested that Reliance Communication Ventures has surpassed Bharti Airtel in terms of average usage but had lower revenue per subscriber.
This bloodbath, however, provides investors with yet another opportunity to buy quality stocks at cheap valuations. And many experts buy this argument.
The manufacturing sector put out a dismal performance, growing by a mere 1.1 per cent as against 10.7 per cent in the same period a year ago. For the five-month period (April-August 2008-09), the industrial growth saw a big drop to 4.9 per cent, from 10 per cent. The growth in key infrastructure industries too dipped to 2.3 per cent in August 2008, compared with 9.5 per cent in the same period last year.
More than half of the total loss was shouldered by investors in the country's 30 biggest blue chip companies, which saw an erosion of over Rs 80,000 crore (Rs 800 billion) in market value.
Index heavyweights were the top losers along with bank shares.
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
'Investing in the stocks of holdcos can be a very efficient and inexpensive way of gaining exposure to the stocks of India's reputable growing business houses.'
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
The total market valuation of all listed firms at the BSE had first hit Rs 100 trillion level on November 28, 2014.
The 50-50 partnership would bring together BSE's closely watched India index suite, which includes the Sensex, with S&P Dow Jones Indices' 115 years of experience in publishing transparent and independent global benchmarks.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
As many as 205 stocks touched their one-year low on the Bombay Stock Exchange.
Indian stock markets are likely to remain bullish during the current Hindu calendar year (Samvat 2071) and investors would continue to reap rich gains, say experts.
This surpassed its previous record close of 29,974.24, reached on April 5.
Sensex ends belowe 26,800 on domestic concerns.
The S&P BSE Sensex has gained 149 points to open at 25,802.
The cumulative m-cap of the companies listed on the BSE soared to a new peak of Rs 82,02,907 crore at 1200 hours.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade on Monday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
While CIL, HDFC Bank, SBI, ICICI Bank and HDFC saw rise in their market cap, TCS, RIL, ONGC, ITC and Infosys witnessed fall in their valuations for the week ended April 25.
ICICI Bank was the top loser after the private lender reported sharp drop in Q4 net.
Markets ended in green on rate cut hope.
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