'In the short term you keep your return expectations very, very low; in the medium term be prepared to invest and in the long term growth will come and your returns from stocks will be high.'
After rallying 543 points in the morning session and touching the 40,000-mark, the BSE Sensex surrendered all gains to close at 38,628.29, showing a loss of 839.02 points or 2.13 per cent. Similarly, the NSE Nifty tanked 260.10 points or 2.23 per cent to end at 11,387.50.
Seven out of the top-10 falls in the markets took place in 2008.
From the 30 Sensex pack, IndusInd Bank plunged over 18.50 per cent after the firm reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down by concerns over its asset quality. Mahindra & Mahindra, Larsen & Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were also among the laggards.
While the market may remain volatile this year, analysts expect equities to deliver positive returns by outperforming inflation and government bonds, supported by the fiscal stimulus in the US.
A computer, which conks out, brings the whole world crumbling down. To ensure PC protection, a way out is to insure it.
The trails of mega-mergers, tailwinds of expanding fleets, flights and airports will dot the fast-growing Indian aviation firmament in 2025, though the dark clouds of supply chain woes will persist longer. Also, new airline takeoffs, the future trajectory of revised norms to tackle pilot fatigue and efforts to reduce carbon emissions will be on the radar.
Share prices of Nestle India, Asian Paints, Bandhan Bank, Tata Technologies, AU Small Finance Bank and Avenue Supermarts, all a part of the BSE 500 index, have hit their respective 52-week lows on the BSE in Thursday's intra-day trade after a sharp correction in the equity markets.
'Retail investors, who had not seen such a massive correction in the SMID universe since COVID-19, are witnessing something like this for the first time. Panic profit booking may continue.'
'I eagerly await the day when we can experience a truly great Bollywood movie rooted in pure historical facts, one that authentically showcases the essence of our armed forces for Indian audiences,' notes Air Commodore Nitin Sathe (retd).
Among Sensex shares, HDFC Bank fell the most by 2.58 per cent, followed by SBI (2.12 per cent), HDFC (2.09 per cent), and IndusInd Bank (2.02 per cent). Axis Bank, Bajaj Finserv, M&M, L&T, Reliance, Infosys and TCS were among the major losers. In contrast, Tata Motors, Maruti, NTPC, Sun Pharma, Power Grid and Titan were among the gainers.
Today, the Sensex crossed the 19,000-mark again and hit new heights on the back of brisk buying by funds, after Sebi cleared its stand on P-notes.
As stock markets crashed sharply, the marketplace was on Tuesday rife with speculation about a 'fat finger trade' in a future contract of benchmark Nifty even as NSE officials maintained that trading was normal.
Power Grid is one of the more promising stocks from the newer listings and I would surely look at it even at current levels. Even when the market fell viciously Power Grid didn't fall as much, says market expert Pranav Sanghavi.
The NSE Nifty 50 has slipped 3.4 per cent, or 764 points, in the last five trading sessions, after registering a fresh all-time high at 22,794.70 on Friday, May 03, 2024. In the process, the Nifty 50 index is seen quoting close to its 100-DMA (Daily Moving Average) of 21,970 for the second time in less than a month. Earlier on April 19, 2024, the Nifty 50 had tested the 100-DMA support, and then staged a smart rally of 4.7 per cent, or 1,017 points, to hit the new peak of 22,794.70.
Inability of stocks to return to their highest levels is one of the reasons why retail investors have been reluctant to return to the market.
In six trading sessions to Friday the market capitalisation of BSE-listed companies saw a massive decline of Rs 11,76,985.88 lakh crore. All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.
Minutes after the carnage at the bourses, government on Wednesday said it is not in favour of banning Participatory Notes and hoped that "the initial sense of alarm in stock markets" will quieten as the day progresses.
It is impossible for anyone to explain how markets are hitting record highs during an economic recession. It is both mysterious and surreal, notes Debashis Basu.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
The Supreme Court is scheduled to pronounce on Thursday its order on a batch of PILs on the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations.
The stock markets on Monday crashed, witnessing a historic fall of 16 per cent in a day triggered by uncertainty over economic reforms and policies of the new government at the Centre.
Sitaram Yechury, politburo member of CPM, on Friday warned the government against market volatility and FII activity.
Shaadi or the stock market? Find your dream partner (and millions) with this simple Valentine's Day checklist from Vatsal Ramaiya.
Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.
Technical charts indicate a possibility of a meaningful correction in the upcoming months.
Excessive sugar intake has been linked to brain inflammation, which can affect cognitive functions such as memory, learning, and decision-making, warns Pankaj Prakash Sharma, founder, Happa Foods.
Multi-cap funds have the flexibility to invest across the market cap segments. This should mean returns that beat diversified equity funds. But, what we find is their returns are similar
Don't get lured by the concept of highest NAV guaranteed. Here are a few questions you must ask to seek the truth behind such schemes.
Stock markets in India have become volatile. But there is still value to be chased. Here are 7 best picks for 2007.
According to data from AMFI (Association of Mutual Funds in India), Rs 12,079 crore (Rs 120.79 billion) came into the new schemes in January alone. In December 2007, inflows were to the tune of Rs 10,273 crore (Rs 102.73 billion).
BSE is among the world's ten largest exchanges in terms of market value
Payal Kapadia's understanding of what it means to be a woman is as poignant as her authentic portrait of Mumbai's hoi polloi, observes Sukanya Verma.
Last one year has been one of the most eventful years in the stock market history in India.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
The most important positive of India's stealth bull market is earnings growth across different sectors, explains Debashis Basu.
The Wall Street crash brought down markets across the globe, with Hong Kong stocks falling almost 2 percent on Friday, on investors' fear that the bad US credit situation could blow into a full scale financial crisis.
Contrarian approach to investing works on the foundation of psychology of investors
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