The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
All negatives that contributed to the gold bull run, such as US fiscal cliff and Euro zone crisis are easing out. Some experts believe that the days of very easy gains, when you could just buy gold, hold it, and see it rise 10, 11, 12 percent each year are over.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
'Four times in Indian history, in 1992, 2000, 2007 and now, markets are at 25 times price-earnings.'
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
A clear message was that the ongoing seven-decade-old model of agriculture, based on extensive reliance on subsidy by the government at every stage, was not going to work, said NITI Aayog vice-chairman Rajiv Kumar.
The long-term sustainability of the ongoing market rally is difficult as earnings growth remains a challenge, says Herald Van Der Linde, head of equity strategy, Asia-Pacific, at HSBC.
With the Nifty settling below 5,050 on the expiration of July 2012 series, tongues seem to have started to wag again over the outlook for the markets in India.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
If the government of India is indeed interested in an amicable solution, instead of proposing half-hearted steps such as putting the laws on hold for 18 months, it can withdraw the legislations and think of other possible solutions, given the basic constitutional position that the subject of agriculture is in the State list in the Constitution, it said.
Wearing garlands, the farmer leaders, who had called for observing 'Sadbhavana Diwas' (Harmony Day) on Saturday after the immense outrage over violence by protesters during their Republic Day tractor rally, sat on the dais during the fast, as crowds of supporters swelled, especially in Gazipur where the Bharatiya Kisan Union is leading the protest.
The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away. In the short-term, analysts expect the markets to remain volatile as they react to news flow - both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India.
The rupee had closed at 64.83 last Friday.
'One can start accumulating economy driven stocks in the next few months with a two-three year view.'
'Through the course of the year, we expect the economic weakness generated by demonetisation will give way to normalisation of growth conditions.'
Have a Plan B in place if the tide turns against you.
BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
International pop star Rihanna on Tuesday extended her support to the ongoing farmers agitation while criticising the Internet shutdown at the protest site.
The two bills -- Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 -- were passed by Lok Sabha on Thursday.
Prime Minister Narendra Modi does not respect farmers and wants to tire out those protesting against the Centre's new agriculture laws, Congress leader Rahul Gandhi alleged.
Not surprisingly, equity investors are bidding-up stock prices across sectors and the broader market is now more valuable than pre-Covid levels.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The index rising for the fourth straight session surged 564 points.
'The protesters took out a march carrying black flags. They burnt Prime Minister Narendra Modi's effigy while raising slogans against the three farm laws'
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Party's state unit chiefs of Delhi, Uttar Pradesh and Gujarat were also detained along with the workers during the protests.
Police personnel in adequate strength were deployed across the state to maintain law and order, officials said.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Participating in the discussion on the Motion on Thanks to President's Address to the joint sitting of Parliament, Leader of Opposition in Rajya Sabha and Congress member Ghulam Nabi Azad suggested that Prime Minister Narendra Modi himself should make the announcement on repeal of the laws. Modi was present in the House at the time.
Referring to his 'tractor rallies' against the laws during his recent visit to Punjab and Haryana, Gandhi said, "I came to Punjab and Haryana a few days ago and every farmer and labourer know that these three laws are an attack on them."
Once the US dollar launches into its final bull leg from the 79 region towards 84, the appreciating currency should put a lot of pressure on commodities that will perhaps trigger the capitulation that the market needs in commodities liker gold, silver and WTI crude, says Sonali Ranade.
A day ahead of former Congress chief Rahul Gandhi's visit to Rajasthan to raise the voice of the farmers against the farm laws, he said that the Centre should withdraw the laws and after thorough consultation with farmers and states, come up with a new set of legislations which the tillers would themselves want and is not something that is forced upon them.
Praising Prime Minister Narendra Modi for successfully carrying out the Yoga Day celebrations in Delhi, ally Shiv Sena today said 'commodifying' Yoga will not harm the ancient practice, instead it will increase tourism and generate employment.
After a rally in gold that led to the international prices zooming to $1030 an ounce, will gold price reverse direction based on Wednesday's price level of $940?
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