Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm
The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
Analysts say investors should increase their exposure to gold up to 10% of their portfolio, depending on their comfort with a 2-year horizon. But avoid investing in physical gold or deposit schemes run by jewellers
Tata Steel's domestic operations have been its cash cow.
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
The government is expected to dole out some populist policies, especially for the rural / farm sector while presenting the interim budget, given that the country is heading towards general elections over the next few months.
Bankers expect RBI to drop rates though there may not be any increase in aggregate liquidity as banks are parking surplus funds with the central bank. Some sectors like the small and medium enterprises, real estate have not been getting adequate funds and RBI may extend a refinance line or special facility whereby they can borrow at a subsidised rate.
The Indian equity market is likely to see one of its worst phases, with most sectors expected to report a decline in earnings or single-digit earnings growth in Q4 FY'09, a leading broking firm said in its report.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Price correction over post-election peaks could throw disinvestment calculations awry.
Investors remain cautious ahead of F&O expiry.
Airtel and Vodafone Idea are also trying to expand the penetration of 4G users in their subscriber base as they take this network to the hinterland
Better-than-expected financial results in Q3 due to higher revenue growth and margins in key markets fuel the rally
The Union Government's decision to ban futures trading in rubber, soya oil, potato and chana for four months, in a bid to tame spiralling inflation, is unfortunate and may hit market sentiments badly, industry players said.The four commodities have a combined daily turnover of about Rs 1,200 crore (Rs 12 billion) on the Multi Commodity Exchange of India Ltd. and the National Commodities and Derivatives Exchange Ltd., the nation's biggest bourses.
A substantial fluctuation is likely because for a long period gold has moved in a narrow range of $ 50-60 and at higher levels short positions were built.
Benchmark indices gain 30% this year, buoyed by global liquidity, new government
The top 100 companies have created wealth worth Rs 25.4 lakh crore during the period 2003-08, a study has revealed. "The top 100 companies, analysed during the period 2003-08, created wealth worth Rs 25.4 lakh crore," the Motilal Oswal 13th Annual Wealth Creation Study released on Friday said. Reliance Industries, with a significant wealth creation of Rs 3.1 lakh crore became the biggest wealth creator, said the study.
'Indians are great savers, but they are lousy investors.'
The BSE sensex now trades at a discount to S&P 500 and has corrected by 35 per cent from its peak of 20,873 points to close the quarter at 13,462 point in FY 08. The Sensex hovered around 13,349 on Tuesday. Over CY 04-07, the Indian markets delivered 40 per cent returns each year, the most consistent and superior retuns amongst all the global markets over this period.
Valuations of broking companies have halved since January 2008. Patient investors can start accumulating selective stocks with a long-term perspective.
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
Buying stocks during bad times can lead to good returns.
The progress of the GST Bill in Parliament is also likely to remain in focus
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Pharmaceutical major Matrix Laboratories, public sector oil producer Oil and Natural Gas Corporation and Ranbaxy Laboratories have emerged as the fastest, biggest and the most consistent wealth creators for year 2006
