'For those in for the long haul, this is a God-given opportunity.' 'Your market is falling despite strong fundamentals, and such a clear roadmap has been announced.'
With most Adani Group shares locked in lower-circuit in early morning trade based on news that accounts of three foreign portfolio investors, heavily invested into group companies, were frozen by the National Security Depository Limited, market experts advise caution that investors should not jump in now to buy at lower levels.
The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed.
The Sensex gained 2.54% in the trading session after the blasts to end the day at 2,421.
The market capitalisation of Adani Group companies rose by nearly Rs 73,000 crore on Monday as investors lapped up shares of the power-to-port conglomerate after BJP's electoral wins in three states, spurring hopes of regime continuity at the Centre. The Gautam Adani group's market map once again neared the Rs 12-trillion mark, following sharp gains made over the past week. "Two big overhangs for the Adani Group have receded somewhat following the state election results, there is more certainty that the BJP will win a third time next year.
Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024. Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. "The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.
India Inc has an impressive report card to show for the first quarter of this financial year.
'The more retail investors keep away from speculative activity, the more they will manage their risks better.'
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
'The market position from here on is expected to go up'.
Sensex ends belowe 26,800 on domestic concerns.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
"What would be your advice for investors?" 'Keep it simple. Don't panic.'
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Of these, three stocks belong to the automobile pack and two are from the pharma.
Most Asian markets were trading weak on Monday.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Faster account opening, which allows investors to start trading without ever leaving their homes or visiting a physical branch of their local brokerage has played a role in the surge.
This year is set to be the third consecutive year when India's share of IPOs has fallen relative to the rest of the world.
This weakness is likely to continue in the near-term.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
The total value of holdings of domestic institutional investors as a percentage of the value of FII holdings has reached its highest level in four years.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
Deven Choksey, managing director of broking firm, K R Choksey Investment Managers shares his concern about 'trading stoppages' with Rediff.com's Prasanna D Zore.
The sentiment around Indian equities remains positive and unchanged.
Uncertainty lingers in the minds of retail investors due to scams.
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
They have put in $14 billion so far in 2014 but this could get slower if the US Fed raises rates; however, there are expectations on compensatory flows.
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
There are a few factors that can spoil the party
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
Analysts question negative net worth because of dividend payout ahead of IPO.
The Network18 stock is down 4.2 per cent after the declaration of results to Rs 49.50 currently.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
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