No one can predict markets accurately. Only one can give a sense of things that can happen, says market expert Pranav Sanghavi.
In the currency markets, the rupee lost another 10 paise to close at 1-week low of 63.54 against the US dollar
Without knowing companies you cannot make the most of this opportunity to pick up quality stocks. Here's where you should go for information you can trust.
The United Progressive Alliance's much-touted Common Minimum Programme was given a resounding thumbs-down by the stock markets on Friday, with the Sensex crashed by 223 points (4.4%) to close at 4,835.
The Supreme Court on Thursday ordered setting up of a six-member committee headed by former apex court judge Justice A M Sapre to investigate the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations and other regulatory aspects related to stock markets.
Investors should diversify their portfolio to reduce risks.
In a major setback to India's efforts to market its indigenous helicopters in the overseas market, a Dhruv helicopter sold to the Ecuadorian Air Force on Wednesday crashed in Quito during a military parade, leaving two of the pilots injured.
It was an extremely volatile session, borne out by the Sensex swinging over 1,200 points through the day and the Nifty 369 points.
Given wild swings, investors are wondering where the metal market is going. There was a strong uptrend in industrial metal through much of the last three years due to fears of supply chain issues - first due to Covid-19 and then due to the Ukraine War. That uptrend broke down as it became apparent that global growth would moderate as inflation rose and Western Europe (the EU plus the UK) went into a near-recession and China was in a rolling lockdown.
'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'
The ongoing oil price decline is mainly a result of oversupply in the global market
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
The Bombay Stock Exchange's benchmark Sensex crashed by 580 points to 15,484 at 1230 hours on Wednesday as operators succumbed to fresh selling pressure amid a rapid pullout of foreign capital as a poor manufacturing outlook for China and weaker-than-expected growth in the United States spurred fresh fears of a global slowdown.
The outlook on inflation, interest rates, rupee and foreign inflows is not too encouraging. Corporate earnings growth is also likely to be muted in this quarter.
Street gave a thumbs down to Aditya Birla Fashion and Retail (ABFRL)-TCNS Clothing deal as analysts flagged near-term profitability risks for ABFRL with its latest acquisition. At the bourses, shares of the Aditya Birla group company tumbled 6.2 per cent in the intra-day trade, before settling 3.27 per cent lower at R 207.2. Those of TCNS, meanwhile, plunged 20 per cent to end at Rs 416.64.
Is there any one avenue, where your hard earned money will not only be safe, but also give you the maximum return?
Monitor how long the high cash position lasts. If it lasts for a month or two, it is fine. But if it continues for a couple of quarters, seek your advisor's opinion on whether to exit the fund.
The Sensex resumed 10 points higher at 5,409. After touching a high of 5,416 on selective buying, it soon slipped into the red to touch an early low of 5,365 following heavy selling in PSU and other old economy stock. The Sensex is now down 26 points
With intermittent disruptions in the supply chain of raw materials from China, the Indian pharma industry has braced itself with bigger inventory. Even smaller drug makers are now carrying a month of buffer stock of key raw materials, said industry insiders. The lockdown in various Chinese provinces, including Shanghai, is likely to delay shipments by two weeks to a month, said domestic players. Shipments are critical for the Indian drug industry, which imports 70 per cent of its raw material from China.
From The New York Times to BBC and The Guardian to The Washington Post, the historic event in India's space programme on Wednesday made headlines across the globe.
Since 2016, Sebi has made many rules to prevent unauthorised trading by stockbrokers. Yet, one comes across dozens of cases of blatant overtrading in client accounts, every year, leading to massive losses to investors, observes Debashis Basu.
Industry chambers on Monday said though the stock markets dipped heavily, the fundamentals of the economy would remain unaffected and there was no need for panic following the two bomb explosions in Mumbai.
The investment advisor isn't doing his job if he is promoting fairly tales of 'Sensex 15,000 points by Diwali' and advising you to make lump sum investments when markets are at all time highs.
It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.
Overall market open interest on NSE down 15 per cent to Rs 89,307 crore (Rs 893.07 billion). A majority of stock brokers have unwound their leveraged positions in the futures and options segment. The total leveraged position (in excess of Rs 1 lakh crore or Rs 1 trillion) contributed heavily to the stock market crash.
The small investors must heed the advice of mutual funds and remain invested.
Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.
IT major Infosys crashed 8.5 per cent to 3,357.50 on reports that the management expects sluggish growth in January-March quarter in the current financial year.
The struggling Indian automobile industry on Monday reported yet another worst ever performance with overall domestic sales declining by 18.2 per cent in December 2008, as commercial vehicles and two-wheelers sales crashed heavily.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
The flash crash has caused a blip that makes normal analysis suspect. It's time to include waiting periods into trading mechanisms.
Describing India as a country that can no longer be ignored, prestigious American news magazine, Time has said the country's rise is for real but it needs to be careful about traps like the latest stock market slide.
Nearly four decades ago, when Rakesh Jhunjhunwala was a young chartered accountant in training, he was paid a conveyance of Rs 60. Deductions would take away Rs 15 from this princely sum and he was left with Rs 45 by the time the allowance made its way to his hands. He would save as much as he could from this amount, so that he would have a small amount to spend when he met his friends on the weekend at Chicken Centre. This was an eatery popular with the young at the time, perhaps because food and drink were affordable even for those new to the workforce.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Given that debt is a major problem for most airlines, investors with a medium-term horizon should look at them.
Every cloud has a silver lining. The recent global economic slowdown too has reinforced the virtues of austerity. But you don't have to wait for that big stock market crash or the next big bank to go kaput to strengthen your financial immunity. Here are some tips to help you ensure your finances stay strong come hail or high waters...