Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
Market experts believe the retreat is because of uncertainty.
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
The Sensex has slid 18.5 per cent from its January 2015 peak.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
The prices of oilseed, coarse cereals & vegetables could also be affected.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
India Inc's earnings seem to have gathered momentum with a surge in the BSE Sensex over the past two quarters.
Chances of a sudden collapse in the Shanghai Composite are remote.
A section of analysts feel now may not be a bad time to buy select PSBs.
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
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