Though most analysts expect the global central banks to keep the liquidity tap open, valuations of Indian markets, they say, are beginning to look stretched. Against this backdrop, they remain cautious, with some even expecting a minor correction from here on.
Operator syndicate could be behind stock hammering, suspects regulator.
'The market won't wait for earnings to recover.'
The number of issues were the lowest since FY15, compared to 45 in FY18.
Investors sinking lump sum money in equities seem to have applied the brakes.
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
Hopes of revival and earnings growth in 2020, surprise tax cuts, and robust foreign flows - thanks to easy global monetary policies - are a few reasons why the markets have managed to digest the low GDP footprint. Select bluechips such as Reliance Industries, Bajaj Finance, Asian Paints, and ICICI Bank have gained sharply this year. On the other hand, YES Bank, Zee Entertainment, and Indiabulls Housing have seen a sharp fall.
Move 10 per cent of your portfolio to the yellow metal.
Investors not stop their SIPs or STPs due to election-related uncertainty.
Valuations are much higher than the consensus earnings expectations warrant and also much too high in historical terms, says Devangshu Datta.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
Financials emerged as the top gainers while auto shares rallied on robust September sales
Five stocks - Havells, NCC, Suzlon, Blue Star and Crompton Greaves look most attractive after the recent course correction.
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