Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
Ajit Mishra, vice president, Research, Religare Broking, will be answering these and many such questions in an online chat with readers on February 5, between 4 pm and 5 pm.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Shares of HCL Tech hit a fresh record high of Rs 1,118.55 on Friday, up 2 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 1,101 touched on Thursday in intra-day deals.
'We try to pick up stocks early and hold onto them for the long term.' 'We are not someone who buys and sells on a daily basis.'
The buying, which was seen across-the-board, momentum was so strong that the index rallied past the 14,000-mark to a high of 14,097. The NSE Nifty soared over 5% (207 points) to 4,245. The BSE Realty index surged 7.5% (290 points) to 4,103. The IT index rallied 6.7% (229 points) to 3,667, and Oil & Gas index gained 5.5% (496 points) at 9,468.
With a potential for a 10x growth in pre-tax profit from the business over the next decade, retail including e-commerce will be the next growth engine for Reliance Industries Ltd, Goldman Sachs said in a report. After growing 5x over FY16-FY20, RIL's core retail revenue growth has taken a pause in FY21 (April 2020 to March 2021) due to Covid related macro headwinds including lower footfalls. The oil-to-telecom conglomerate run by billionaire Mukesh Ambani used the period to build strong digital capabilities of the retail business while continuing to expand its physical reach.
Tech Mahindra was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T, Tata Steel and Infosys. NSE Nifty surged 191.95 points to 15,824.05.
NIFTY has now moved into a bull phase though there will be corrections on the way, but some of these could well be running corrections, says Sonali Ranade
A falling rupee and lower foreign buying in equities are signals investors should watch out for, says Devangshu Datta
Both the Securities and Exchange Board of India and the Reserve Bank of India were trying to find if Puri was also involved in front-running and used his information on positions taken by Citi for placing bets, said an official with one of the regulators.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
The most consistent wealth creators since 2008 are all consumer-facing companies, says Devangshu Datta.
The BSE Mid-Cap index was currently down 1.25%
CLSA managing director & equity strategist Christopher Wood, and executive director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year.
The next round of bad news could come from Europe, where banks in a number of economies such as Italy, Portugal and Greece are sitting on mountains of bad loans.
2015 is set for a lot of changes - and some that we would like to happen
The rupee has lost ground since pre-Budget, against three major hard currencies (yen, dollar and euro). The European Central Bank and the Bank of Japan maintained status quo in recent policy meetings
'Amitabh Bachchan Sir said some nice and encouraging things about the trailer, the way I directed it and, of course, about Abhishek's performance.'
Confused about what the agents tell you about this investment product? Then you must read this
Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about banking stocks.
The Adani group has the maximum number of companies in the trillion club at five, followed by the Tata group (four).
Reversal is because of strengthening rupee, subdued demand, and lack of reasons for bulls to continue positions and speculation of reduction in import duty.
Exodus of top managers an unintended side effect of roaring MF industry
'Equities are not cheap; I need to buy at levels I am not comfortable with; I need to 'create' a rationale about some stocks we are buying into; we have no clue about the prospective earnings of sectors or companies; most of our 'buy' reports are based on a nebulous understanding of the future; on most occasions the profits we project do not materialise.'
Move 10 per cent of your portfolio to the yellow metal.
Surely you have heard them many times over... P V Subramanyam tells you why they are dangerous
Time opportune, with market buoyancy and entry of new entities
The market breadth has turned sharply positive since May amid hopes that a decline in Covid-19 infections will lead to a revival in the economy. At 3.8, the advance-decline ratio (ADR) for May was the best since June 2020. So far this month, the ratio has remained above three - in simpler words, for every declining stock, there were nearly four advancing stocks in May and three this month. ADR is a popular market breadth indicator, with a ratio of more than two signalling an extremely bullish undercurrent.
While the macroeconomic parameters remain weak, we believe the worst is behind us. The markets remain largely driven by liquidity
Given the economic trends, it might make sense to allocate some savings to gold.
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
In India, bond yields have fallen nearly 70 basis points in the last one year.
Sixteen years after the stock market scam orchestrated by Harshad S Mehta, the custodian has put up eight apartments in a complex called Madhuli, which is occupied by his family in upscale Worli, for sale.
Jhunjhunwala, one of India's well-known individual investors, was speaking at the India Economic Conclave organised by the Times Network. He said he won't rule out 5-10 times gains in state-owned banks over the next five years. Shares of PSBs have been on a tear this year. The Nifty PSB index is up 20 per cent so far this year.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Earnings growth is unlikely to see much recovery and sales revenues are also likely to remain muted
Salil Dhawan explains why you must invest early in life.
