Market breadth turned negative with 1,779 declines over 884 advances on the BSE
'Very few of small investors stay invested for those three or four or five years.' 'If there's like a six month, one-year period when market is not doing well, you exit.' 'After the market has run up, you get in again.' 'This way you will never make returns.'
Since infrastructure projects have long gestation periods, investors need to enter them with a long horizon of at least 10 years.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Benchmark equity indices Sensex and Nifty gave up early gains to close down by over 0.8 per cent due to fag-end selling in Axis Bank, Reliance Industries and Infosys. The 30-share BSE benchmark plummeted 460.19 points or 0.80 per cent to end at 57,060.87 despite a firm opening. During the day, it hit a high of 57,975.48 and a low of 56,902.30. The NSE Nifty tanked 142.50 points or 0.83 per cent to 17,102.55.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Broader market underperformed the headline indices
Rise in crude oil price and rally in global equities aided the sentiment
The stock of Divis Laboratories is up 10 per cent over the last couple of trading sessions on expectations that the worst is behind and the company could see a sequential growth in the March quarter of the 2022-23 financial year (Q4FY23). The stock witnessed the highest downgrades among Nifty50 index stocks with earnings cuts over a third after the Q3FY23 results. The company had posted a 32 per cent drop in revenues over the year ago quarter in Q3FY23 and 8 per cent sequentially, which was sharply lower than Street expectations.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
A preview of the December quarter's company results by three foreign and three Indian broking houses hints at relatively moderate performance. Of the 47 companies that are part of the BSE Sensex & S&P-CNX Nifty, the benchmark indices, the expected net profit growth is 22 per cent.
Invest only if you wish to go overweight on the sector.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
"What would be your advice for investors?" 'Keep it simple. Don't panic.'
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
Over half, or 269 NSE 500 stocks, have given over 10-fold (10x) returns in the last two decades, finds a recent report by Goldman Sachs that analysed 10 major markets across emerging and developed markets (EM/DM) that covered 6,700 stocks. The report examined '10-baggers' - stocks that have generated at least 10x total returns within a rolling 5-year period over the past two decades. Some of the prominent ones that comprise these 269 stocks in the Indian context stocks that delivered over 10x total returns over a 5-year rolling period since 2000 as per Goldman Sachs includes Westlife Foodworld, Bharti Airtel, Adani Total Gas, Patanjali Foods, Larsen & Toubro, BEML, Blue Star, Shree Cement, Lupin, Godrej Industries, Astral, Adani Enterprises, Hindustan Petroleum and Deepak Fertilisers.
The positive bias was aided by metal, realty and auto indices
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
'Investors should hold equity assets for 3 to 5 years.'
Influenced by ads like 'Make money sitting at home', 'Make Rs 10 lakh with just Rs 1,000', to YouTube influencers promoting 'pump-and-dump' stocks, a vast majority of small investors who mushroomed during the COVID-19 period are losing money in reckless overtrading in the market, cautions Dr V K Vijaykumar, Chief Investment Strategist at Geojit Financial Services.
On the BSE, 1,650 shares declined and 1,188 shares rose
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
The index had risen over 585 points in the previous three sessions.
On the sectoral map, consumer durables stayed in the lead by surging 2.39 per cent, followed by realty index, oil and gas and infra.
Companies in the small-cap universe are having a dream run - the Nifty Smallcap 100 index has shot up more than 25 per cent on a year-to-date basis, even as the benchmark Nifty is up 7 per cent. This is the best start for the index since 2017 when the Nifty Smallcap 100 index surged 32.3 per cent between January 1 and May 10. However, in terms of outperformance to the Nifty, this year's performance is the best in more than a decade. A combination of sectoral tailwinds and lack of institutional selling pressure has helped small companies escape from the correction triggered by the second wave of Covid-19.
Financial shares were among the top gainers with HDFC leading the gains.
Just because India has outperformed the US markets in a short recent period, it does not mean that this is based on fundamental reasons that are here to stay, points out Debashis Basu.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
A spate of recent orders under the Indigenously Designed Developed and Manufactured (IDDM) category have led to investor focus on defence stocks. Actually, the defence index has been an outperformer for a long while with public sector undertakings (PSUs) like Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Garden Reach Shipbuilders Engineers (GRSE), Cochin Shipyard and Goa Shipyard being beneficiaries of the policy.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
Mutual funds' average cash holdings in equity schemes topped 6 per cent in February as fund managers went slow on deployment of new inflows on expectations of better buying opportunities amid uncertainties in the market.
Sensex closed over 118 points down on Thursday.
'Earnings will be the catalyst for markets to march higher from here on out.'
Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
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