All rumours regarding the premature death of the art market have proven to be just that -- rumours -- with a healthy appetite for masters pushing prices up. Kishore Singh reports.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
A fall of this magnitude would have been a major crash a few years back, when even a 100 point dip was considered as a major concern.
Investors say they see large companies going through the grind, as their promoters struggle with liquidity because they are levered up at the holding company level and are starting to get margin calls thanks to the crashes in the stock market, and in the next six months, the targets that will come up for PE companies will make for a harvest season like never before.
Many say Tata Motors has perhaps paid the price for being too ambitious.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
Every start-up's dream is to become a unicorn.
Forex dealers said weakness in local equities and a firm dollar overseas against other currencies also weighed on the rupee.
The Indian State has low operational capabilities. Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures at the frontline. Even if a government programme is able to solve all these problems, it will be limited in scale-up. The passion, management capabilities, and response to local conditions, which will be found with tens of thousands of ground-level initiatives, Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures. Even if a government programme is able to solve all these problems, it will be limited in scale-up, argues Ajay Shah.
Investors should use the rally to clear the garbage and create a cash cushion. Correction in the mid-cap space could be very brutal, says Sonali Ranade
Says Gul Teckchandani, investment advisor, "It is that time when you should have a shopping list ready. Look for large-cap liquid stocks that have fallen more than the index and invest 10 to 15 per cent of your cash in them. Also, continue buying if the market falls further."
Vidya Balan and Shefali Shah are powerhouse talents and are tailor-made for Jalsa's overwrought premise, notes Sukanya Verma.
The Nifty slipped below the 1,500-mark to close at 1,495 -- down 40 points.
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
As emotional beings, humans tend to be their own worst enemy when it comes to making investment decisions, says Holly Cook
Russia and China have a broad consensus today on almost all core issues related to global strategic stability, which is unprecedented in modern history, observes Ambassador M K Bhadrakumar.
Gold prices plummeted by Rs 170 per ten gram on the bullion market in Mumbai on Thursday and closed at a 6-month low of Rs 5,660.
'What would we feel if we found the world behaving the way it has?' 'Forced to fight our own prolonged battle; nobody from outside really demanding that the war end or actively working to make it end, and above all, a completely toothless United Nations reduced to pleading for a halt to the violence,' notes Shyam G Menon, exactly a month after Vladimir Putin ordered the invasion of Ukraine.
Five small cars in the Indian market failed in the first-ever independent crash tests.
"You will see further improvement after an immediate reaction and the markets will calm down," says Vikas Khemani.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
'If a company contracts to buy its produce after three or four months, is there any loss in it?'
The NSE Nifty closed at 3,638, down 133 points.
A copious amount of blood, beating, crying, saving, sacrificing, nationalism fills up its staggering three hours running time. Emotions run sky high, but you feel nothing, sighs Sukanya Verma.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
The 30-share Sensex also hit its one-year low of 22,494.61 on February 29 this year.
The uptick in prices ranging from steel to wheat could benefit lots of commodity-based companies -- from State-owned SAIL to the agro exporters.
The steep depreciation of rupee will not give an immediate advantage to the country's exporters.
As many as 205 stocks touched their one-year low on the Bombay Stock Exchange.
The Sensex closed at 13,399.43 down down 400.06 points or 2.90% at 13399.43, and the Nifty down 112.50 points or 2.84% at 3849.5.
Billed as a 'Celebration of Life' follows a series of remembrances, including a private family funeral earlier this month.
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
Silver also slipped below the Rs 41,000-mark by falling Rs 525 to Rs 40,975 per kg on reduced offtake by industrial units and coin makers
CDMA mobile pioneer Qualcomm is banking on BREW (Binary Runtime Environment for Wireless), its open source application development platform for wireless devices, to deliver the next killer-app for the fast-growing data services market.
The markets plunged on account of heavy selling in scrips across sectors.
Dealers expect prices to fall further, owing to an impending rate hike in the US
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
Godhwani's exit comes at a time when the company's fund raising plans and proposed related party transactions are under scrutiny, says N Sundaresha Subramanian.
'If you see the composition of items which are causing this spike in prices, most of them have little to do with the kharif harvest, except for pulses and vegetables to some extent.' 'I don't know on what basis the government is claiming that food prices will moderate in the weeks to come.'
