Over the last 4 years, we have seen investors committing significant capital to Small and Micro cap stocks. The cycle has swung from lean to sufficient ownership.
Cognitive Investing is an investment philosophy which requires one to isolate the current market condition from the investor’s time tested investment thesis.
Despite the day’ sell-off, the market managed to rebound and end the truncated week with 1 percent gains after losing 3.5 percent in previous week.
The cumulative notional loss which Narayana Murthy suffered today is a little above Rs 100 crore while other members of the members of the family saw a notional loss of little over Rs 900 crore.
The positive stance was due to future outlook and synergy gains from Videocon merger. The stock rallied as much as 6 percent in early trade Friday.
The Sensex closed down 270.78 points at 31524.68, while the Nifty ended lower by 66.75 points at 9837.40.
Trading in UBHL would be suspended from September 8 "on account of non-compliance with financial results and non- payment of fine for two consecutive quarters", NSE said in a communication.
Investors are advised to stay cautious as last minute selling on Thursday derailed rally on D-Street. They can lighten up their position on a bounce towards 9,950 levels.
Bank Nifty falls on weekly options expiry day, thereby pushing down indices lower. The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 5.60 points at 9902.90
MFs were net buyers in two-thirds of the Nifty stocks last month. The highest net buying in July on a MoM basis was witnessed in HDFC, Hero MotoCorp, and Ambuja Cements.
The bank on Thursday cut interest rates on most of its savings accounts to 3.5 percent from 4 percent.
The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 6.8 points at 9904.15.
Besides, listed companies would be required to file corporate announcements on reappointment and statement of impact of audit qualifications through the mechanism.
The National Stock Exchange (NSE) on Friday said it will auction investment limits for overseas investors for the purchase of government and corporate debt securities totalling over Rs 8,800 crore on August 14.
The leading bourse would report to the Sebi about the 48 companies after collecting the information. Out of the 48 firms, ten entities had already been suspended before the Sebi's directive.
Aurobindo, Eicher Motors and Bank of India, among others, are on the radar of investors on Thursday.
Sebi defended the move even as several other firms are expected to take similar recourse and challenge the regulator's decision asking stock exchanges to restrict trading in 331 firms referred to it by the government for being "suspected shell companies".
The decision is expected to help in reducing trading and hedging costs for various entities, including small and medium enterprises.
Although, history suggests that market moved higher even though MACD gave a sell signal, but still it is a negative indicator and cannot be ignored.
During last week, the Nifty premium has shot up to a higher reading of 42 points (not seen in the recent up move). This seems to suggest that strong upsides many not be seen in the near term.
NSE said the entire technology and business operations were executed from the disaster recovery setup, which is a replica of the main production site in Mumbai.
Bajaj Finserv, Chambal Fertiliser, Dwarikesh Sugar, Eicher Motors, and Hero MotoCorp, among others, reached this milestone.
According to the bulk deal data available with NSE, the foreign investor offloaded 3,63,600 shares, amounting to 0.66 per cent stake, in the Ahmedabad-based company.
Traders are advised not to base any decisions on Tuesday’s price action as the market is awaiting triggers from the outcome of the Reserve Bank of India’s policy meeting, due on Wednesday.
Harsha Upadhyaya of Kotak MF said from 3-5 year perspective, one can invest in staggered ways.