A section of analysts feel now may not be a bad time to buy select PSBs.
RBI projects GDP growth in FY16 at 7.8 per cent, 30 bps higher than FY15. However, this comes with a downward bias.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Steep volatility in the markets has made fund managers cautious, awaiting opportunities to deploy the cash.
It was because of strong inflows into debt-oriented schemes that saved 2019 from being a "dark-dull year of investing" as inflows into equity funds has dropped this year due to a volatile market.
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent.
Months before 8/11, MP, Haryana probed note ban
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
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The global brokerage firm in March had trimmed the growth forecast to 6 per cent and in June again it revised the growth estimate to 5.8 per cent.
HDFC Bank was the top loser in the Sensex pack, falling 2.99 per cent, followed by Adani Ports at 2.87 per cent.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
Indices reversed all its losses during late trades.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Political funding of elections has led to the rise in black money in the economy.
Bank shares were the top losers along with index heavyweight RIL
Sensex sinks into red at close on growth concerns.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The Sensex ended in red on domestic concerns.
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
Analysts say loan growth, Casa ratio and exposure to sectors under pressure did not indicate any stress at United Bank.
Automobile sector accounts for the third-highest equity mutual fund contributions.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
