Last week's market selloff led to a wealth erosion of over Rs 20 lakh crore in BSE-listed shares. Chartists have adviced investors to be cautious and let the market settle down, especially in the broader segment.
The volatility index, India VIX, surged over 5 percent to 18.28 levels, indicating heightened volatility in the market.
Sensex has lost nearly 8 percent in the past 10 sessions and investors have incurred a loss of Rs 20 lakh crore during the period.
The leading index provider will rebrand all its existing indices to include 'Nifty' in their names as against the name 'CNX' used currently. NSE's flagship 'CNX Nifty' index would be rebranded as 'Nifty 50' index, IISL said in a statement today.
Devang Mehta of Anand Rathi, says the alarm bells on midcaps started ringing last week itself and now is a good time to exit the stocks as the rally now will only been seen in good quality names.
The index hit a record high of 11594.42, before settling at 11585.58. Its counterpart on the NSE, the CNX Midcap closed on a subdued note at 14,137.40, but is barely 80 points away from its peak seen earlier this week.
The increase was primarily propelled by inflows in equity and income funds. Outflows in liquid funds, though, capped further gains, the agency said in a statement.
Telecom operator Idea Cellular and private sector lender Yes Bank will be included in CNX Nifty at the end of next month. The Index Maintenance Sub-Committee of the National Stock Exchange, however, has decided to exclude realty major DLF and Naveen Jindal-led Jindal Steel & Power (JSPL).
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics, says investors should use every single dip in the market to buy into the Nifty and Bank Nifty despite the slight underperformance it has seen in recent days.
Religare believes that, the equity market‘s momentum is likely to continue during next year also. Investors can use the volatility to pick strong fundamental stocks for long term, says the report.
The Bank Nifty seems resilient and more willing to sustain gains made over the last week, says CK Narayan of Growth Avenues. Furthermore, he advises investors to buy Bank Nifty on dips to 16,300 levels, where he sees well-defined support.
As per data compiled by capital market regulator Sebi, together these SMEs have mopped-up Rs 160 crore in the first eight months of this year, as compared to Rs 367 crore garnered in the entire 2013.
This was revealed in the data released by Crisil quoting Association of Mutual Funds in India (AMFI) numbers. Industry assets were primarily boosted by a sharp rise in equity AUM (assets under management) besides being supported by gains in short duration debt funds, Crisil said.
Not only today but also it fell in previous session, down more than 2 percent after the exchange said it will remove the scrip of liquor maker from CNX Nifty, CNX 100, CNX 200, CNX 500, CNX FMCG, CNX Consumption, LIX 15 and NI15 indices.
A Crisil report said that this rise is courtesy inflows into income and equity-oriented funds. Income funds attracted highest inflows in nine months and equity funds registered inflows for fourth consecutive month.
Almost 18 percent return over a five-year period is not bad at all. Can such a performance qualify to be called a bull market? If that is the case, did we all miss this rally?, asks Amit Trivedi of Karmayog Knowledge Academy.
Rajiv Raj of creditvidya.com elaborates on India becoming an excellent investment opportunity for NRIs in India. He stresses on capitalising on this depreciation in the currency.
CRISIL Research, India's largest independent and integrated research house, expects India Inc to be severely impacted by the rupee's depreciation against the dollar given the large foreign currency debt on the books and only partial hedging.
The research firm expects the currency‘s fall to lift input costs across sectors amidst weak demand environment as reflected in low double-digit topline growth expected in 2013-14.
Exchanges say 10 percent, 15 percent and 20 percent circuit breakers bring about a coordinated trading halt in all equity and equity derivative markets nationwide.
Karvy Stocks Broking has come out with its report on currency. The research firm says from the domestic front, the fiscal deficit data for February is expected to widen, keeping the rupee under pressure. Overall, expect the rupee to remain weak for the day.
ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty ETF, an open ended index exchange traded fund that aims to provide returns before expenses that closely correspond to the total return of the Underlying Index, subject to tracking errors.
Global financial market indexing and ratings major Standard and Poor's (S&P's) has ended its licensing agreement for benchmark indices of the National Stock Exchange, pursuant to which the Indian bourse cannot use S&P name for any of its products.
Majority of equity mutual funds in the country have underperformed against their respective benchmark indices over the last five years, according to a report by S&P Dow Jones Indices and Crisil released today.