Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Sensex, Nifty end the day in red ahaead of F&O expiry.
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
Sesnsex ended the day flat on heavy selling pressure.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
The progress of the GST Bill in Parliament is also likely to remain in focus
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
Coal India was the biggest gainer on both Sensex and Nifty
Gains were led by index heavyweights with Reliance Industries contributing the most.
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Sensex is trading firm; FMCG, real estate going strong.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual funds-related queries.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
In a chat on rediff.com, Feroze Azeez offered valuable tips.
The broad market depicted strength. 1,525 shares rose and 1,131 shares fell. A total of 156 shares remained unchanged
I would advise at least a 7 year investment time frame for Equity Investing
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Index heavyweights ITC was the top gainer along with RIL and HDFC
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. These stocks account for 94 per cent of India's total market capitalisation.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Financial shares were among the top gainers with HDFC leading the gains.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Financial shares were among the top Sensex gainers along with auto and pharma shares.
You start hearing financial jargons and promises of the moon from him
L&T, ONGC and banking scrips power gains in today's trade
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
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