The bias for the Sensex is likely to remain bearish as long as the index sustains below 18,900-odd levels. On the downside, the index could slide to 17,300-odd levels
Heavy offloading by foreign portfolio investors also weighed on the rupee
It's been a roller-coaster ride since 2015 Budget.
Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
Analysts attribute this outperformance to the government's proactive economic reform measures
Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Similarly, the wide-based 50-issue CNX Nifty of the NSE jumped 109.30 points, or 1.46 per cent, to end above 7,500-mark for the first time at 7,583.40.
This was at a meeting of the Financial Stability and Development Council, chaired by him. Chidambaram, set to resign on Friday to make way for his successor, called upon the regulators and the ministry to be ready and take necessary action.
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
The NSE Nifty too closed up 20 points at 3523.
The benchmark index on Wednesday surged 314.92 points or 1.05 per cent to close at 30,248.17 on widespread buying spurred by forecast of a normal monsoon this year.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
Oil and gas sectot may not put up good numbers in Q4.
There has been no reboot of the private investment cycle.
According to technical analysts, the Nifty could trade in the range between 7,400 and 7,700.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Reversing the trend that saw the BSE index soaring to over 8,500, the stock markets plummeted on Wednesday, shelving 235 points amid an alert sounded by the government on the sharp increase in penny stocks.
The markets witnessed another round of bullish activity today. After opening five points higher over its last close at 7,428, the Sensex zoomed past the 7,500-mark in afternoon trades, and soared to a new intra-day high of 7,527.
While analysts predicted the Sensex to cross 30,000 in 2016, the index currently stands 12% lower at 26,400.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
The good times continued for fund investors as equity markets closed in positive terrain for the third week in a row.
In October, the contribution through SIPs rose to Rs 79.85 billion, up 42% compared to the same month last year.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
The Nifty slipped below the 1,500-mark to close at 1,495 -- down 40 points.
When big offers hit the market, broader indices corrected 2-4%
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.
Most Asian markets ended with gains.
Continuing from the last week's upsurge, the Sensex opened with a strong positive gap of 45 points at 6,464.
The Sensex opened 17 points higher at 4,773, and moved past the 4,800 mark to touch a high of 4,802
Running a SIP plan for more than six years almost completely eliminates the chances of earning negative returns.
Dalal Street is bullish on invest
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Apart from sustaining your portfolio when the domestic market is faring well, global diversification also safeguards it against currency risk.
The markets opened weak on the back of negative Asian cues
