BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Most of these alleged tax evaders hail from Kolkata, Mumbai, Ahmedabad, Surat, and Delhi.
UK operations of several Indian companies might take a hit.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.
Aam Aadmi Party will impact companies directly connected to Delhi.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
Reports have suggested Rs 400-650 as the possible IPO price
The risk-reward ratio could turn adverse for foreign investors if corporate earnings disappoint by wide margins, or if crude oil prices spike in the international market, putting pressure on the rupee-dollar exchange rate.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
According to fund managers, expectations of a 25-basis-point increase in the cash reserve ratio of banks have heightened in the wake of RBI's surprise twin moves to make short-term money dearer as part of its attempts to curb the rupee's volatility.
Markets ended in red, index heavyweights drag.
A weaker rupee could aid corporate earnings through its positive impact on export intensive sectors such as information technology services, pharmaceuticals and commodity producers such as metal and mining, and oil and gas companies.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
Many factors leading to the 2008 financial crisis still exist.
Consolidation is the prime mood of the Indian equity market at the moment.
How did marquee Dalal Street investors fare in the Jan-Mar quarter that saw the BSE Sensex tank 10 per cent?
High retail concentration in small companies; many left to fend for themselves in penny stocks
Investors should take this opportunity to look at asset allocation and realign their portfolio.
HUL, ITC, Nestle, Colgate, Dabur, Britannia, Asian Paints, P&G are trading at nearly 48 times. The previous record high was 53 times at the end of March 1994.
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
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Close to 50 companies have announced stock splits this year so far, something experts say is typical in a bull phase.
Siddhartha's knack for value investment dates back to 1995 when he infused capital in Kshema Technologies, which was acquired by MphasiS. He also took an early exposure in Mindtree way back in 1999. Since 1995, he had invested in more than 15 technology companies including chip-designing firm Ittiam Software, and GlobalEdge Technologies, among others, says Debasis Mohapatra.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
The 30-share Sensex ended in the red.
Most of the index heavyweights are yet to declare their results.
During the dot-com bubble, it had touched a high of 1.9.
'James Crabtree ignores the emergence of a nexus between business and politics going back to the 1920s and talks of it as a new child of 21st century India,' says Shivanand Kanavi.
Greek crisis is coming at a time when India is short of hard news on the domestic front.
Indian companies typically have higher return on equity.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
'We met on a Mumbai local some time ago, but the lessons she taught me about money management and life in general have stayed with me,' says Geetanjali Krishna.
Government-owned companies are more generous in rewarding their shareholders with dividends.
'The market position from here on is expected to go up'.
'This fall is nothing. We could see worse if everybody hits the panic button.'
But much depends on govt action & global economy; Sensex gains in 2070 the biggest in five years
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
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