'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
There were more than three losers against every gainer on BSE
Nifty PSU bank index dropped nearly 2%
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
In the broader market, the S&P BSE Midcap ended 0.1% down, while the S&P BSE Smallcap index gained 0.3%.
On the BSE, 1,650 shares declined and 1,188 shares rose
The market breadth, indicating the overall health of the market, was positive
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
The breadth, indicating strength of the market was strong
Sensex is under pressure due to concerns in the global market.
The S&P BSE Midcap and the S&P Smallcap indices rallied over 1% each
SBI was the top gainer after it reported lower-than-expected rise in bad loans
Lower crude oil prices would impact India's inflation, CAD.
'The pressure on relative performance and the feeling of being left out among many investors may also account for the belief among many that this has to be a technology stock bubble.' 'The feeling of a bubble is also reinforced by the extreme performance gap between growth and value investing.' 'While at first glance, one can only stand back awestruck by the wealth creation delivered by technology stocks globally. It does not seem at all like the internet bubble of 1999-2000, says Akash Prakash.
Global growth expectations have slumped to a five-month low.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
BSE Midcap and BSE Smallcap indices hit their fresh lifetime highs for the second day in a row
On BSE, 1,469 shares fell and 1,200 shares rose. A total of 190 shares were unchanged.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
Broader gains were capped as investors awaited corporate results from major firms
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
Investors booked profits at higher levels with oil shares leading the decline
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Sensex climbs higher on favourable global cues.
Markets and blue chip stocks may see a downward correction in short-to-medium term.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
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