Investors on Dalal Street seem to have nothing to fear as over 228 scrips on Wednesday surged to their upper circuit levels, even as the benchmark index Sensex had plunged 10 per cent to touch its lower limit in the morning trade. As per the data available on the Bombay Stock Exchange, 228 scrips across all groups touched their upper circuit limit, representing the cap on the upward movements, while just 132 stocks touched their floor limit.
Shailesh Mehta, founder & CEO, gurukulonline.co offers some valuable tips to counter the global crisis.
Investors' wealth eroded by Rs 7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle East. The 30-share BSE Sensex plunged 825.74 points or 1.26 per cent to settle at 64,571.88 points. During the day, the index plummeted 894.94 points or 1.36 per cent to 64,502.68 points.
Here's why stock market investors should take the current market crash to buy stocks or invest in mutual funds.
Conventional wisdom is that when the US sneezes, emerging markets like India catch a cold. And yet the Indian stock market went up last year, points out Debashish Basu.
Jagdish Malkani, member of the National Stock Exchange, says that cement as a sector is definitely attractive; and hotels too are doing extremely well.
We are entering a period of turbulence, but you can profit off that volatility.
The government on Tuesday said it will look into the reasons for poor response to the public issues for sale of its equity in various public sector units.
One possibility is to completely ignore the political situation and keep systematically investing in whatever he fancies.
'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.' 'You're also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you've invested in the sovereign gold bond as a kind of a FD or a deposit.' 'That kind of return you can never get anywhere else.'
Finance Minister P Chidambaram said on Wednesday the fall in stock market would not affect consumer demand, even as he attributed selling by FIIs partly to global meltdown.
The index could be vulnerable to a bigger fall given the present market dynamics.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Here's what helped them stand tall amidst a falling market and what you can expect from them in 2012.
'Chasing sectors which have reported strongest earnings is not always the right strategy for outperformance.'
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
Market expert Pranav Sanghavi shares some valuable tips.
There would be a short period of turmoil in 2015 but real returns are likely to be positive.
The BSE Sensex bounced back by 14.8 per cent (2,261.65 points) from Tuesday's intra-day low of 15,332.42 to close at 17,594.07 on Wednesday. The index, which lost 5,874.35 points from its all-time high of 21,206.77, has retraced 39 per cent of its total losses.
Today's slide of 438.41 points in the BSE Sensex took the three-day losses close to 1,500 points, cumulatively eroding investors' wealth by over 100 billion dollars (Rs 4,06,000 crore).The selling pressure continued despite the arrest of outflow by Foreign Institutional Investors. FIIs turned net buyers on Thursday on the bourses with purchase of shares worth Rs 125 crore (Rs 1.25 billion), from being net seller of about Rs 1,800 crore (Rs 18 bilion) a day before.
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
Investor wealth slumped by Rs 1.55 lakh crore on Thursday today, dragged down by massive selling in the stock markets where nearly seven out of ten shares closed lower.
Mukherjee's statement comes in the backdrop of a sharp decline in Indian stock markets.
Investor wealth on Wednesday diminished by Rs 1.84 lakh crore amid massive sell-off in the equity market.
Just because India has outperformed the US markets in a short recent period, it does not mean that this is based on fundamental reasons that are here to stay, points out Debashis Basu.
Once a quality stock has been bought, the next challenge is to hold on to it -- no mean feat in this age of information overload and incessant noise.
Food, feminism, fights, father-son issues, famous rivalries, OTT is as loaded as it gets this week.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
'...similar to the 2008 global financial crisis, the 2012 taper tantrum, or the 2018 midcap crash.' 'This could lead to a substantial decline in activity and revenues for the broking industry.' 'When this will happen is uncertain, but as brokers, we must be prepared for such a downturn.'
We have millions of newbie investors who are clueless about how to handle sudden and severe adverse market reactions, which arrive from time to time, observes Debashis Basu.
Union Minister Nitin Gadkari on Tuesday launched the country's first crash testing programme Bharat NCAP aimed at improving road safety standards of motor vehicles up to 3.5 tonnes. Bharat New Car Assessment Programme (Bharat NCAP) is India's own crash testing programme and is cheaper than tests conducted abroad, Gadkari said, adding that the star ratings will help buyers understand the quality of the product and make an informed purchase decision. Bharat NCAP will be implemented from October 1, 2023.
Equity benchmark index Sensex on Wednesday crashed over 900 points to sink below the 73,000 level due to widespread selling pressure amid a sharp fall in smallcap and midcap indices. Besides, deep losses in utility, energy and metal stocks and recent selling by foreign investors added to the gloom, analysts said. Benchmark indices started the session on a positive note, but the selling intensified during afternoon trade, with all sectoral indices ending in the red.
Financial planning expert Irfan Rupani shares some valuable tips.
Get Ahead reader Anish Pillai narrates an account of how he lost a fortune by day-trading in the stock markets when the markets crashed in the third week of January.
Since March 2020, when the Nifty50 plummeted to 7,511 following the announcement of a nationwide lockdown, the stock market has been on an upward trajectory. Over the next four years, the major market index has delivered a remarkable compounded annual growth rate (CAGR) of over 31.5 per cent. In the past year alone, the Nifty50 has gained by 27 per cent, hitting a succession of record highs.
Some of the significant deals include private equity firm FMO's 14.48-million-dollar investment in Magma Leasing, Singapore based investment group Orient Global's 26.88-million-dollar investment in domestic brokerage firm India Infoline, ICICI Venture's $44.57-million investment in Centurion Bank of Punjab and French banking group BNP Baribas' 50.14-million-dollar investment in stock broking firm Geojit Financials.
This is the index's biggest single-day fall in almost a month
'The relationship between India and the US, when Donald Trump was president, had been so much stronger.'
The benchmark Sensex on Thursday slipped below the 25,000-level by tanking about 555 points.
'If equities perform well in a year, withdraw money from equities. If the equity market is down, shift withdrawal to the debt portion.'