The Modi government must simplify all the taxes, together, in one stroke, writes Sushil Kedia. Here's how.
Benchmark indices which rose to record highs in the run-up to Diwali may consolidate before inching higher, suggest experts.
ICICI Bank, Kotak Mahindra Bank, Bank of Baroda, HDFC Bank and Axis Bank were down 1-2 percent.
The stock rallied 5 percent to close at Rs 6.17 on the BSE on Thursday. It surged 53.5 percent in six straight sessions, especially after its deal with Bharti Airtel for sale of consumer telecom business.
Earnings have to improve if it gets a boost from the government by way of the stimulus package, or disinvestment by the government. Investors have to watch out of macro data such as macro numbers.
September quarter earnings will be closely watched from hereon, especially banks after sharp rise in Axis Bank's slippages, said experts who remain bullish on the market with long term perspective.
Suri is very bullish on markets for the next 3-4 years. He sees tremendous opportunity in the metals sector. The sector rose 44 percent so far in the Samvat 2073.
Bharti Airtel rallied 21 percent in October month so far.
All sectoral indices closed in red. Nifty Bank index hit most, falling 1.25 percent due to selling pressure in private banks.
One can expect more short covering once index will move above 10,250 levels. For the near term, we expect its buy on dip markets and one can use any dip as a buying opportunity.
The Nifty50 rose nearly 1600 points in Samvat 2073 and expectations are that it could witness some profit booking in the near term. However, the long-term trend remains intact and the index is poised to hit 10,500-11,000 in Samvat 2074.
Here is a list of top 10 stocks to buy this Muhurat Trading day for a potential upside of up to 48% in Samvat 2074.
If you are a first-time investor then ‘Muhurat Trading’ couldn’t have been a better day to start your journey as an equity investor.
The S&P BSE Sensex completed its journey from near 28,000 to 32,000 in Samvat 2073 while Nifty50 rose nearly 1600 points or little over 18 percent in the same period.
On the occassion of Muhurat Trading, watch Moneycontrol Editor Santosh Nair talk to Sharekhan experts, including CEO Jaideep Arora, Head of Research Gaurav Dua, Fund Manager Rohit Srivastava and Senior VP, Head Equity Sales and Advisory Hemang Jani, along with BNP Paribas Deputy CEO and Head of Investments at BNP Paribas AMC.
The Indian market will remain open for an hour, between 06:30 pm and 07:30 pm, on Thursday on account of Muhurat Trading.
If the final objective of the muhurat trading is wealth building, then isn’t it better to first focus on wealth building?
It's a tradition which began in 1979.
Samvat 2074 is unlikely to be any different from Samvat 2073. Analysts expect stock specific action to dominate next 12 months while benchmark indices could well give another high teen return in the same period.
On the auspicious occasion of Dhanteras, Finance Minister Arun Jaitley launched options trading on 1-kg futures contracts of gold on the Multi Commodity Exchange of India (MCX), India’s first ever commodity options contract. CNBC-TV18's Manisha Gupta spoke to Mrugank Paranjape, MD & CEO at MCX to find out the interest and excitement seen among investors.
The Kochi-based market veteran believes that the key lies in stock-picking and identifying them before turnaround starts to take place.
The rally is far from over as smallcap stocks are in a young and vibrant bull market, Shankar Sharma of First Global said in an interview with CNBC-TV18.
Jhunjhunwala is also optimistic on the story of financial savings and feels that large part of savings being invested into equity has just started.
There was plenty of stock specific action as nearly 130 stocks rose to a fresh 52-week high on the BSE.
Almost 61 percent of the poll respondents feel that investors should book profits or sell 50 percent of their holding in the small and midcap space.