ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
The market breadth, indicating the overall health of the market turned negative from positive
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
Our advice to investors -- subject to your risk appetite, get invested in tax-saving funds using the systematic investment plan (SIP) route.
With the Budget overhang gone, investors are breathing a sigh of relief and are back to make fresh calls.
Money will flow to Europe, Japan - and the emerging markets, including India.
Investors would do well to curb their enthusiasm and not digress from their investment objectives.
Experts say the BSE Sensex could rise to around 32,000 in a year.
The good times continued unabated for mutual fund investors in June 2005. Popular indices like the BSE Sensex and S&P CNX Nifty touched record highs.
A delayed monsoon and soaring temperatures across the country are added near-term positives.
Lupin was the top gainer after the USFDA cleared its Goa facility
McGraw-Hill and S&P India on Monday revised upwards their offer price by about 14 per cent to Rs 775 per share to acquire up to 65.57 per cent stake in credit rating agency Crisil.\n\n
Rising risk appetite amid higher confidence and attractive valuations favours these counters, apart from their performance.
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.
The S&P BSE Sensex has rallied about 28 per cent in 2014, after formation of a stable government at the Centre.
The best-case scenario -- to which Morgan Stanley attaches 30 per cent probability -- pegs the S&P BSE Sensex at 41,500 levels in the next 12 months.
Fitch Ratings on Wednesday cut India's growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier, due to slowing recovery post second wave of COVID-19, and said rapid vaccination could support a sustainable revival in business and consumer confidence. In a report, the global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22). "Fitch Ratings revised down India's real GDP for FY22 by 280bp to 10 per cent, underlining our belief that renewed restrictions have slowed recovery efforts and left banks with a moderately worse outlook for business and revenue generation in FY22," it said. Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease consumer burden. Petrol and diesel price was hiked by 35 paise per litre each after a gap of a week, according to price notification of state-owned fuel retailers. The increase took petrol prices to a fresh high of Rs 86.65 a litre in Delhi and to Rs 93.20 in Mumbai.
Legendary investor Warren Buffett feels that the US debt is still worth 'AAA' rating and if anything has to change, it may be his opinion about rating agency S&P rather than his view on US Treasury bills.
Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.
'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'
The benchmark S&P BSE Sensex declined 37.69 points, or 0.15 per cent, to end at 25,190.48 and the NSE CNX Nifty ended 8.55 points, or 0.11 per cent, down at 7,533.55.
In the male-dominated corporate world, these brilliant women have proved their mettle and made a big difference.
These include Adani Enterprises, BEML, TVS Motor, KEC International, Sintex Industries, Ceat and Suzlon Energy.
Should deposit growth continue to outpace credit growth, banks may end up ceding some hard-earned 25-50 bps improvement in profitability or net interest margin gained in the past two years.
Markets scripted a dramatic 547-point rebound from lows to close in the positive zone.
One in five stocks from the BSE-500 index has underperformed the market and recorded losses.
Let's take a look at 25 most undervalued stocks in the market.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
HCL Tech and ONGC were the top gainers in the Sensex, rising up to 3.40 per cent.
In only two of the past 12 occasions has the BSE S&P Sensex recorded a gain during the month before the Union Budget's presentation.
The budget has strong growth impulses and response of the economy is positive.
ECB cuts rates to negative, Libor down to its lowest in 30 years
