Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The law of diminishing returns catches up as one goes up the ladder.
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Markets shrugged off RBI's neutral stance on key policy rates.
Market breadth is positive with 942 advances and 196 declines.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The watershed 2014 Indian election has thrown a decisive mandate after 30 years of coalition-based governments.
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
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Markets ended lower on profit taking ahead of June F&O expiry.
All sectoral indices on the BSE and NSE ended in the red, led by realty, banking, metal, pharma, pharma and financial stocks.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
The Nifty ended at 5799, down 66 points. As the day wore out, the banking sector actually saw buying interest at lower levels. The realty space remained in doldrums though.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Financial planners advise against putting capital to work by anticipating what might go up or down.
'Valuations were depressed at 8,000 (Nifty 50 index) levels. It was a free ride to 12,000 levels.' 'What went down had to come up. Now fundamentals have to support further gains.'
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
This weakness is likely to continue in the near-term.
SBI was the biggest loser in the Sensex pack, shedding 2.40 per cent, followed by Yes Bank, Bharti Airtel, L&T, Sun Pharma, M&M, ICICI Bank, ONGC, RIL, Asian Paints, Vedanta and HUL, which lost up to 2.37 per cent.
Senior Executive Director & Co Head (Strategy) of Kotak Institutional Equities Sanjiv Prasad tells Prasanna D Zore/Rediff.com that even if there are a number of challenges facing the Indian equity markets, there are certain sectors that offer a ray of hope.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
As markets enter the new financial year and the long-term capital gains tax on the sale of stock investments kicks in, Abhinav Khanna, head of equities, Citi India, tells Puneet Wadhwa that he remains optimistic on the medium-to-long term growth of India, led by consumption recovery and the green shoots visible in the capex cycle.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
The Nifty closed at 10,335.30, down 28.35 points, or 0.27 per cent.
Any change in rates would mean more volatility; else, poll outcome-fuelled rally expected to continue.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
'There is a weak link between the economy and the stock market.'
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Most of the index heavyweights are yet to declare their results.
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
Market cap of government companies has remained unchanged in the past 8 years.
