Anybody who is saying that in five years the Sensex will go to 60,000 is only saying that in the next five, years the Sensex will generate a CAGR of around 19 per cent, says U R Bhat, managing director of Dalton Capital Advisors.
India's macro finances are getting into good shape.
The adjustment orders for AY2012, are expected between January and March 2016.
Participants will keenly watch fate of GST Bill in Parliament.
The Karnataka election is being seen as the semi-final to the 2019 general elections and appears to be heading towards a close fight
MF investors may not be able to support markets fall if selling intensifies
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
"The shift is gradually happening more on account of favourable risk-reward for stocks in these sectors and the shift would be more pronounced as investors roll over their targets to 2017," the head of research at a foreign brokerage said.
Turnover on exchanges dips to pre-Modi levels
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
A tally around 150 in Gujarat can see the index hit 10,700 levels going ahead
In three of the past four years, 10-year returns have been 10 per cent or lower, making equity unattractive, compared to other asset classes.
Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.
The Sensex is on course to ending calendar year (CY) 2019 at a price-earnings (P/E) multiple of 29x, the highest in 25 years. Current valuations are, however, lower than those seen in the early 1990s. The Sensex has risen close to 14 per cent in the last 12 months, while the index underlying EPS dropped 6.7 per cent during the period.
In the past four months, $7.5 billion has flowed back into domestic stocks, helping the benchmark indices bounce back more than 40 per cent from their 2020 lows.
Given the developments, analysts do not foresee a quick recovery.
Sharp swings likely in equity, forex and bond markets.
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
Only six sectors are likely to report good set of numbers in Q4 FY15.
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
While selling started in April, it has intensified this month, with FPIs pulling out $1.1 billion and $2.5 billion from equities and debt market, respectively
Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.
Avoid fresh investments, as there might be more opportunities in the coming months, market experts tell Joydeep Ghosh
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
Experts say the stock market correction in recent times increases the risk-reward in favour of large-cap stocks.
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.
Analysts say markets to be impacted by monsoon, inflation trajectory.
CBDT circular issued last month had raised multiple taxation concerns.
The year 2014 has been one of the best for investors in the equity markets.
There are a few factors that can spoil the party
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
Higher growth, reform bets have boosted returns but leave limited room for error.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
The past decade saw three full cycles of markets moving up and then going into bear phases.
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