Buying shares during a market decline can translate into higher compounding returns once the uptrend begins, however, risks of a further fall may still remain. From a longer term perspective, some experts believe the current levels may be suppressed, and could lead to strategic entry opportunities.
BTS' SUGA, also known as Agust D, has excited fans by announcing his upcoming photobook, "Agust D TOUR D-DAY The Original." This photobook, set to release during his military service, will include 28 unique photocards, each representing a different date from his recent tour.
The advance decline ratio at 0.13 was massively tilted in favor of the bears with 238 advances and 1837 declines.
The prices after a 5-Wave decline and positive divergence on the RSI indicator indicates a retracement rally towards the 11,150-11,250
The number of oversold Nifty stocks has reached 14. Historically, we have seen that in such a situation, there is a sharp pullback in the markets
Rupee has fallen to its lowest level this year against the dollar on the back of weakness in domestic equity markets and new multi-year lows made by the Chinese Yuan
The breadth of the market favoured the advances on the BSE with 1463 stocks advancing and 946 declining while 123 remained unchanged.
260 stocks have hit new 52-week low on the NSE including names like Godrej Consumer, MRF, Ashok Leyland and Mahindra & Mahindra while from the BSE, close to 400 stocks have hit fresh 52-week low.
206 stocks have hit new 52-week low on the NSE including names like Tata Motors, Tata Motors DVR, IL&FS Transport, Rolta India, Kwality, Punj Lloyd, ABG Shipyard, MRF, Mercator, Dena Bank and Aban Offshore among others.
From the NSE, 239 stocks have hit new 52-week low including names like Reliance Infra which tanked 18 percent followed by Meghmani Organics which shed 13 percent.
The top losers from the NSE included names like Zee Entertainment which fell 4.5 percent followed by ICICI Prudential Life Insurance which shed 2 percent while Hindustan Zinc and Ashok Leyland were the other losers.
The breadth of the market favoured the declines with 483 stocks advancing and 1189 declining while 384 remained unchanged. On the BSE, 804 stocks advanced, 1615 declined and 163 remained unchanged.
The top Sensex gainers included Bombay Dyeing which zoomed 17 percent followed by PC Jeweller adding 14 percent. Polaris, Kadico Khaitan and Firstsource Solutions were the other gainers.
The Tata Motors stock hits a fresh 52 week low, now down 51 percent from highs of Rs 605 hit on February 3. There is a huge valuation gap between Tata Motors and its peers now. Sonia Shenoy has more details.
In attempt to unlock some value, IDBI Bank may try to sell shares of unlisted companies in this calendar year, RK Bansal, ED & CFO, IDBI Bank told CNBC-TV18 today.
In an interview with CNBC-TV18, SM Trehan and Laurent Demortier, managing director of the company spoke about current issues and future plans.
Maruti Suzuki shares hit a 52-week low of Rs 1,094.15 on NSE on Thursday after its Japanese parent lowered its growth forecast in India India, which accounts for a major share of its volumes, amidst high inflation and rising competition.
There is a possibility that the company's tower deal will not go through. GTL was down 15% on Friday also. GTL is holding 37% stake in GTL Infra.