The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
As markets gain momentum, investors are again being lured into investing in ULIPs but they may face the heat in case markets fall.
The numbers in India may not be as big but the opportunity for serious growth is all there.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
Commercial papers, certificates of deposit also dry up
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
"We are concerned about the data localisation law and the new e-commerce regulations...they do not fully take into account the needs of all stakeholders, including American and other foreign companies," acting principal deputy assistant secretary of the US, Thomas Vajda said.
India Inc is facing threat from non-traditional sources.
The S&P BSE Sensex dropped 207 points to end at 25,230.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
BSES Yamuna Power Ltd said that there could be power cuts of up to 10 hours a day
While Governor Das was sanguine on government walking the fiscal prudence path--which was missed three out of the five budgets of the Modi government--Acharya pointed to the fiscal slippages as a worry.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
'Unless we get the health and economic situations right at the same time, we will not recover.'
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Investors booked profits in recent gainers
Equity investments are fruitful over the very long 20-year term.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
To make money, invest in both good and bad times; otherwise the entire exercise is futile, experts tell Joydeep Ghosh & Sanjay Singh
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
India will surpass China as the world's fastest growing economy in the next 2-3 years, says RIL chairman Mukesh Ambani.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
After a group of young hackers beat companies that claim to spend a bomb on cyber security, Karan Choudhury reports on just how easy it is to exploit digital wallets.
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