Global indices projected a mixed picture as the US markets along with the Asian markets recorded gains in the week gone by. But the Indian markets including the Sensex and the Nifty remained flat as the Sensex could only manage 0.01 percentage gain while the Nifty was down 0.03 percent.
"It would be advisable to diversify your portfolio and follow an asset allocation approach to investing for your goal, and thereby optimize your risk and returns," says Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance.
"The current Indian bull market (which has delivered cumulative returns to date of 145 percent over the last four years) is all set for a final frenzy given post the “pause” in the closing months of 2016," says Saurabh Mukherjea is the CEO of Ambit Capital.
There is a lot of room for correction and it this point the midcap space still seems to be overvalued, and we would not recommend touching this counter right now, Nikhil Kamath, Co-founder and Head of Trading, Zerodha, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
The foreign investors sold equities worth Rs 2,849.10 crore. However, domestic institutions bought Rs 2,368.01 crore worth of equities in last week.
Buying futures needs a surety of the direction as the payoff is linear but Options can still help you add returns due to its Non-Linear Payoff behaviour," says Shubham Agarwal CEO & Head of Research at Quantsapp Private Limited.
"A short-term bottom in place around a recent low of 10,276 levels. As the market has moved in a range bound manner in the current week between 10,637 – 10,398, traders should focus for breach of these levels and the move outside this range can be swift in the direction of the breakout," says Mazhar Mohammad Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in.
The Dow Jones Industrial Average rose 0.08 percent to end at 25,219.38 points, while the S&P 500 gained 0.04 percent to 2,732.22. The Nasdaq Composite dropped 0.23 percent to 7,239.47.
Flemingo Travel Retail, a leading duty-free and travel retail operator, has filed preliminary papers with the capital markets regulator Sebi to garner Rs 2,600 crore through an initial share-sale.
In March last year, a whole-time member of SEBI had passed an order calling for an investigation into the alleged manipulation of Gitanjali Gems shares
Infosys, India's second largest software services firm, today said it has divested its investment in OnMobile Systems Inc for USD 2.49 million.
Market valuation of Gitanjali Gems went down by Rs 300 crore in the last three trading sessions, as the counter saw severe selling pressure after the company came under scanner of various investigating agencies following Punjab National Bank's Rs 11,400-crore fraud detection.
This is its biggest fall since February 1, when it had lost 44 paise.
The index consolidated throughout this week, a pattern which is likely to continue in the coming week as well unless it breaks above 10,600.
Foundry Fuel Products' promoter BLA International today settled a case related to alleged disclosure lapses with markets regulator Sebi after paying Rs 2 lakh towards settlement.
The quantum of fraud itself is more than 8-times the bank's annual profit. The stock hit its 52-week low on both BSE and NSE today.
The 30-share BSE Sensex was down 286.71 points at 34,010.76 and the 50-share NSE Nifty was down 94.30 points at 10,451.20.
Watch the interview of Vibhav Kapoor of IL&FS, and Ashwani Gujral of ashwanigujral.com with Anuj Singhal and Surabhi Upadhyay, where they take stock of the week gone by and prepare you for the next trading week.
Both benchmark indices closed flat for the week, after losing nearly 6 percent in previous two weeks.
Watch the interview of Dipan Mehta, Member of BSE & NSE, Ashwani Gujral of ashwanigujral.com, Prakash Gaba of prakashgaba.com, Jai Bala of cashthechaos.com, Manish Sonthalia of Motilal Oswal AMC, and Sudip Bandopadhyay, Group Chairman of Inditrade Capital with Anuj Singhal and Surabhi Upadyay of CNBC-TV18, where the shared their readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Watch CNBC-TV18's Ekta Batra give a 360 degree round up on Fortis Healthcare.
MSCI has condemned the move made by Indian exchanges to cut off the supply of data to SGX. In an interview with CNBC-TV18, Dipan Mehta, Member of BSE and NSE shared his views and readings on the same.
He believes the markets are not looking into any bubble territory, they look reasonable and healthy
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- PNB, Jet Airways, and Fortis Healthcare.
Gupta expects Brent crude to be in the range of USD 55-60 a barrel for rest of 2018.