The bull run in the Indian equity markets is intact, said analysts at Morgan Stanley in a recent note. They expect the S&P BSE Sensex to hit 80,000 levels by December 2023 in their bull-case scenario, to which they have assigned a 30 per cent probability. From the current level, this translates into an upside of nearly 29 per cent.
'Geopolitical risks and their impact on oil prices, if any, are another concern for global markets, particularly for India.'
The Lucknow bench of Allahabad high court has expressed hope that the Centre will take an appropriate decision to ban cow slaughter and declare it as a 'protected national animal'.
Palak, Esha gold-silver feat makes it a historic day for India
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Anahat Singh seals berth for World Junior Squash C'ship after topping selection trials
They just wanted their angst noticed, and as a symbol of recognition, Jallikattu, restored without the annual ritual of court cases and adjournments, explains N Sathya Moorthy.
The opening ceremony has been created by British screenwriter Steven Knight, who had produced the famous crime drama 'Peaky Blinders'.
'2022 has not been -- and will not be -- the kind of 2021 bull market, which lifted all boats.'
Aseem Chhabra presents his list of 100 best (and must watch) films -- many classics, some relatively new and several personal favourites.
With the markets scaling new highs, as many as 43 stocks from the Nifty50 index and 27 of the 30 scrips that are part of the S&P BSE Sensex are trading above their respective 200-day moving average (DMA). The 200-DMA is seen as one of the most relevant trend indicators by investors and traders, who believe that stocks and indices trading above this level possess strength and are likely to rally in the short to medium term, while the ones trading below this level are viewed as bearish and expected to see a sell-off. Wipro, UPL, Kotak Mahindra Bank, Hindalco, Infosys, Cipla, and Adani Enterprises are the only stocks from the Nifty50 pack that are still below their respective 200-DMA, the exchange data suggests.
Images from the Women's World Cup match between India and England, in Mount Maunganui, on Wednesday.
While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
Not only has the additional fairing made the Suzuki Gixxer SF more appealing to the eye, it is also more aerodynamic that helps one clock higher top speed, says Indian motoring website MotorBeam.com.
Images from Day 3 of the second Test between South Africa and India, in Johannesburg, on Wednesday.
Former captain Geoffrey Boycott said England were 'stupid' with their tactics in the second Test against India and also allowed emotions to get the better of them.
India outclassed debutant Japan by 10 wickets
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
The Indian markets have seen a good run in the last three months with the S&P BSE Sensex rising around 7 per cent and the Nifty50 moving up 7.5 per cent. The next leg of the market rally from here on, analysts suggest, will be driven by a growth in corporate earnings over the next few quarters. That said, they do not expect material / sharp downgrades to India Inc's earnings estimates despite headwinds for the economy.
'Investors should look to incrementally allocate towards equity from a medium-to-long term horizon.'
Jehan made a lightning start off the line but was boxed in by the Campos cars of Ralph Boschung and compatriot Kush Maini.
India thrashed Uganda by 326 runs in their final Group B game.
India opened their campaign with two medals at the ISSF Pistol/Rifle World Cup in Bhopal on Wednesday.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
In recent past, midcap stocks have performed well, say experts.
Richest Indian Gautam Adani and mining baron Anil Agarwal on Sunday led India Inc in paying tributes to veteran stock market investor Rakesh Jhunjhunwala, who passed away early Sunday morning. "Extremely saddened by the untimely passing away of the most legendary investor that India has had. "Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views.
Rather than dwindle, global liquidity looks well poised to grow in India at least for the next few years.
Strong equity flows from domestic institutions, not foreign inflows, will be the real driver of the expected bull rally
Benchmark equity indices Sensex and Nifty closed higher by more than half a per cent on Wednesday following buying in IT, financial and oil stocks after the RBI slowed down the pace of interest rate hikes. Ending its two-day slide, the 30-share BSE Sensex rebounded by 377.75 points or 0.63 per cent to close at 60,663.79 with 24 of its constituents posting gains. The broader Nifty of the NSE spurted by 150.20 points or 0.85 per cent to settle at 17,871.70, riding on a rally in Adani Enterprises, Adani Ports and HDFC Life.
Valuations are much higher than the consensus earnings expectations warrant and also much too high in historical terms, says Devangshu Datta.
Jehan Daruvala swept to a double podium finish in the Saudi Arabian round of the Formula 2 Championship, in Jeddah, on Monday.
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
Ratan Tata, Chairman Emeritus of the Tata Group, on Sunday said ace investor Rakesh Jhunjhunwala will always be remembered for his acute understanding of the markets as well as for his jovial personality, kindness, and foresightedness. Jhunjhunwala, often referred to as 'India's Warren Buffett', passed away here Sunday morning due to a cardiac arrest. He was 62. Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewellery maker Titan, part of the Tata conglomerate.
'There is one negative thing which has happened very quietly. The position of the election commissioner has been downgraded.'
Seven consecutive sessions of decline in the equity market has eroded the wealth of investors by a whopping Rs 10.42 lakh crore and the benchmark Sensex has tumbled more than 2,000 points during this period. Concerns over more rate hikes by developed economies, weak global equity markets and fresh foreign fund outflows from the domestic market have dented investor sentiments. On Monday, the BSE Sensex dropped 175.58 points or 0.30 per cent to end at 59,288.35 points, marking a decline for seven straight trading sessions.
Some analysts see more upside in FMCG stocks given the performance gap between the sector and the market.
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
IndiaBulls Power IPO's charged-up performance (the issue was subscribed 21.84 times) earlier this month had only one jarring note: the retail portion of the initial public offer barely scraped through, with a subscription of 1.09 times.