A year ago, core inflation still hadn’t peaked, the drivers of inflation were widely misunderstand, and policymakers were going all out. By now, inflation has clearly peaked and inflation expectations are under control. Fed policymakers will want to maintain some restraint on the economy, but stock market buoyancy certainly hasn’t been an issue for them
A lively start to January and the latest spate of economic data show the perils in turning negative on equities too soon
It's a 'Terrible Tuesday' for the market as the Nifty is struggling to defend the key 18,300-mark in trade. UBS has cut 2023 Nifty target by 4% to 18,000 amid signs of slowdown in retail inflows. Are we in for a year-end crash or will some semblance return by the end of the week? Catch Santosh Nair's thoughts on where the markets are headed and also his take on Indian Hotels, Marico, Phoenix Mills and Bharat Dynamix.
"It is a free run for the bears. The bulls are going to start losing money even beyond 8,000 points on Nifty," says Ashwani Gujral.
Share trading in India may have been formally recognized in 1875 with the formation of the Native Share and Stock Brokers‘ Association of Bombay (now the Bombay Stock Exchange). But dealing in shares was prevalent as early as 1840, though there were only about half a dozen people who professed to be share brokers.
Indian market is expected to continue its positive momentum as the SGX Nifty, an indicator of pre-market opening, was trading around 8583, up close to 19 points.
Among prominent losers, Yes Bank, ICICI Bank, Federal Bank, State Bank of India, Canara Bank and Bank of Baroda fell 3-5 percent
Tata-group firm Voltas Ltd reported a 48.49 percent decline in its consolidated net profit for the first quarter last week. Top brokerage houses have given contrarian bets on the stock.
Although gold was up for the week, the bears pointed to bullion's 2.65 percent slide on Wednesday off of an exact double top at its one-month high.
The market began the calendar on an upbeat note, as sentiment was boosted by the fiscal deal in US which helped avoid the much talked about 'cliff' for now.
Some of Wall Street's bulls and bears have now turned into chickens.
It's a brand new bull market and everyone should try to make the best of it, says Ramesh Damani, member of the BSE.
Maybe promoters have a point when they claim that their stocks are being targeted. At the same time, they cannot deny that some of their own actions have helped create conditions now making them vulnerable to bear attacks.
The bears gate-crashed the market today and sent the Nifty into a tizzy, ending down 209 points at 4923. Anil Manghnani of Modern Shares and Stock Brokers joins CNBC-TV18 to give his outlook of the day’s trades. According to him, 4890 becomes a key level now. “Nonetheless, we are setting up for a fall back to 4720,” he says.