The reaction to the US-China trade war on equity markets was nothing short of a bloodbath. Asian markets plunged while back home Sensex and Nifty recorded a cut of over 1 percent. The rout witnessed by the Indian market on Friday has eroded Rs 1.57 crore of investor wealth.
"The SIP culture will get a further boost once bank KYC is accepted by mutual funds to start a mutual fund account. The good news is that regulators are already working in this direction," says Ravi Samalad of Morningstar India.
"When trading for an expected range of expiry, the handiest tool to decide on the level might be looking at the Open Interest congestions with Highest Put OI being the support area and Highest Call OI being the resistance," says Shubham Agarwal of Quantsapp Private Limited
The 30-share BSE Sensex was down 409.73 points or 1.24 per cent at 32,596.54 and the 50-share NSE Nifty fell 116.75 points or 1.15 per cent to 9,998.05
The market capitalisation of BSE fell from Rs 140.87 lakh crore to Rs 139.3 lakh crore. The Nifty managed to breach 10,000-mark and traded below it for a larger part of the day.
The stocks which outperformed index in the Nifty500 index since October 2017 include names like Rain Industries which gained 108 percent, followed by Radico Khaitan which gained 98 percent, and Sonata Software was up 97 percent in the same period.
It looks like Nifty is firmly in a bear grip but the good part is that we have already fallen by over 10 percent from highs; hence, the downside could remain limited.
According to experts, the volatility is here to stay for some more time and another 4-5 per cent correction can't be ruled out.
Going forward, we expect the Nifty to consolidate around its 200-DMA before we could see a resumption of the downtrend.
There was selling across the board, especially among metals, after news broke that China too had imposed import tariffs on 128 US goods.
Having said that, Sensex managed to end the day above 33,000, while the Nifty ended just above 10,100.
Banks, oil marketing companies and technology stocks dragged the market while Reliance Industries, ONGC and Tata Motors limited losses.
Correction and consolidation has been the theme for this market in 2018 so far. Benchmarks have fallen up to 3 percent between January 1 and March 21, driven by multiple factors.
A ‘Grand Coalition’ of opposition parties to challenge the BJP in the general election seems likely which is something already weighing on Indian markets apart from weak global cues.
Here is the list of 12 top stocks that can give upto 47% return over 12-15 months period.
Stocks with higher earnings potential according to Reuters estimate include names like Graphite India, Raymond, Magma Fincorp, Future Life, GE Power, Quess Corp, Welspun Corp, Century Textiles, Thomas Cook, Tata Motors and Avanti Feeds.
Benchmark indices were off day's high in the afternoon as investors turned cautious ahead of the outcome of US Federal Reserve's policy meeting due later today. The S&P BSE Sensex and Nifty Bank slip over 200 points from intra-day highs
Spinning Top is often regarded as a neutral pattern which suggests indecisiveness on the part of both bulls as well as bears. It can be formed in an uptrend as well as in a downtrend.
The market breadth also turned in favour of declines as about 1,414 shares declined against 1,261 advancing shares on the BSE
Most of these stocks were multi-baggers over the last three financial years.
Here is the list of 10 stocks that can give up to 76 percent return.
After falling for five consecutive sessions, the Indian market witnessed some bit of value buying along with short coverings at lower levels. However, the way, Nifty corrected from its intraday high, shows that the pain may not be over for markets.
Reliance Industries, ICICI Bank, HDFC Bank, ONGC, Yes Bank, BPCL and UltraTech Cement declined up to 1.5 percent.
In FY18, 38 IPOs have concluded with IPO fundraising volume of above Rs 77,000 crore, Centrum Broking said in a report.
Identifying multibaggers for your portfolio is not easy as they won’t give returns overnight. Hence, for the stocks to become wealth creators investors have to buy them early and give these stocks time to rise and give multi-fold returns.