Indian markets rose 19 per cent in the first half of this financial year, the best performance by any market during this period, globally.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
Big bull's holdings cross Rs 7,200 crore (Rs 72 billion).
The global economy is fragile now. It continues to face both long-term and short-term issues.
The Indian indices also offer one of the lowest dividend yields.
The Sensex has slid 18.5 per cent from its January 2015 peak.
Nifty snaps 10-day winning streak
Gains were led by index heavyweights with Reliance Industries contributing the most.
D-Street is hoping RBI policy review meeting on Tuesday will uphold its stand on easing of interest rates
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Markets taking cue on future rate cuts from RBI policy.
Sentiments were also bearish largely in tandem with a sell-off in global markets as US Treasury yields surged to multi-year highs on robust economic data and comments from the Federal Reserve, sparking fears of accelerating inflation, brokers said.
The Indian equity market valuation has been moving in tandem with the US 10-year treasury yield. While the benchmark US bond yield has witnessed a nearly 70 basis point decline since the end of October this year, dropping from 4.93 per cent to 4.23 per cent on Friday, the Sensex earnings yield has slipped by nearly 45 basis points - from 4.5 per cent to 4.05 per cent. Previously, Indian equities' earnings yields rose in sync with the US bond yields.
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
Dilip Bhat, joint managing director of the Prabhudas Lilladher group, a financial products agency, talks to Business Standard about the market rally ahead of the elections.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
Valuations are much higher than the consensus earnings expectations warrant and also much too high in historical terms, says Devangshu Datta.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Gains were led by Tata Motors amid robust sales in June along with select financials.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
ICICI Bank was the top laggard in the Sensex pack, sinking over 10 per cent, followed by Bajaj Finance, HDFC, IndusInd Bank, Axis Bank and Maruti. Bharti Airtel and Sun Pharma were the gainers in the BSE index. NSE Nifty suffered a heavy loss of 566.40 points, or 5.74 per cent, to settle at 9,293.50.
State Bank of India was the biggest loser in the Sensex pack, shedding 1.69 per cent, followed by Asian Paints, Kotak Mahindra Bank, HCL Technologies, Reliance Industries, Wipro, IndusInd Bank, Infosys, Power Grid and HDFC twins. In contrast, Nestle, Maruti, Bharti Airtel, Tata Motors, ITC and Hindustan Unilever were among the gainers.
'Long-term retail investors should not worry about these sharp dips and jumps if they have chosen their stocks wisely.' 'Short-term volatility is a given and a rise and fall of two-three per cent should not worry them.'
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
For the second straight week, the Sensex rose, notching up a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
Without factoring in the rupee-dollar exchange rate, the index has been touching new all-time highs repeatedly.
The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Experts believe the market will fall between 1 and 3%.
