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.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
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.
Balkrishna V Doshi, who won the Pritzker Award in 2018 -- which is equivalent to the Nobel Prize in architecture -- passed into the ages this week. Sohini Das recalls an encounter with the the legendary architect, who was posthumously awarded the Padma Vibhushan in this year's Republic Day honours list.
Markets ended in red, index heavyweights drag.
Many factors leading to the 2008 financial crisis still exist.
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.
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.
Consolidation is the prime mood of the Indian equity market at the moment.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
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.
High retail concentration in small companies; many left to fend for themselves in penny stocks
How did marquee Dalal Street investors fare in the Jan-Mar quarter that saw the BSE Sensex tank 10 per cent?
Investors should take this opportunity to look at asset allocation and realign their portfolio.
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.
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.
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.
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.
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.
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.
'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.
'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.
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.
'The market position from here on is expected to go up'.
According to technical analysts, the Nifty could trade in the range between 7,400 and 7,700.
Iconic Dalal Street investors Rakesh Jhunjhunwala and Radhakishan Damani, known for their stock picks, have forged an unusual partnership to make Bollywood flicks.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
'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.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Positive cues from the global market front aided the rally.
Positive cues from Asian peers also uplifted the sentiment.
HUL, UltraTech, Asian Paints, L&T, HDFC Bank top global valuation charts
Average monthly searches for 'bull market' have gone down significantly from May-June peak.
Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs
