Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
Centre took Rs 1,002 bn from here in 2017-18, sharply up from Rs 904 bn a year before and Rs 123.6 bn in FY14
Shares of Motilal Oswal Financial Services, Edelweiss Financial Services and IIFL Holdings have all doubled in the past one year against the Sensex's 23 per cent gain.
Check out some of the stocks that will react on the basis of their numbers in the near term.
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Earnings spread for foreign investors down to 10-year low of 1.1 per cent, from 2 per cent at the beginning of the year and record high of nearly 5 per cent in 2013
With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Corporate indebtedness is now twice what it was before the global financial crisis; banks' bad loans ratio is 3.5 times higher.
Besides foreign flows, corporate earnings and US Federal Reserve chief Janet Yellen's testimony to the nation's legislature are also likely to impact investor sentiment.
Analysts say there is still no visibility of earnings improvement.
With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles
According to Rahul Rege, business head (retail) at Emkay Global Financial Services, it is difficult to track more than 10 stocks.
For equity investors, the risk-to-reward ratio is worsening.
Gold is currently trading at Rs 25,200 for 10 grams.
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
NTPC to be the worst hit, stock slides to five-year low on announcement.
Analysts expect RIL to report consolidated revenue of Rs 1.40 trillion and 10 analysts expect RIL's net income to be Rs 9,629 crore
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
FIIs have offloaded stocks worth Rs 13,110 crore
Markets end in red; bluechips struggle to keep pace.
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
The index is more expensive than it was at 2014-end or when it hit a life-time high in January.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
FIIs accumulated India's top-listed companies at an average valuation of around 16 times.
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
Higher crude oil prices also translate into better corporate earnings for India's top companies
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Oil and gas sectot may not put up good numbers in Q4.
In the past 12 months, such earnings have grown in double digits in Europe, the US, Japan and South Korea.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Through the past 12 months, the Bank Nifty has risen 55%
This analysis is based on the quarterly earnings for 724 companies.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.
Experts say it will now be tough for the Modi government to catch up with the UPA's economic record owing to the shock induced by the currency demonetisation.
Government-owned companies are more generous in rewarding their shareholders with dividends.
