Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)
If the BSE Sensex and the NSE Nifty 50 cross their respective 100-DMAs, the benchmarks can easily rally another 2.50 per cent each.
The surge comes on hopes of de-escalation of the Russia-Ukraine conflict after the Ukrainian President Zelenskyy indicated that the country was no longer interest in NATO membership
Empirical analysis of past 17 market corrections in excess of 10 per cent, according Antique Stock Broking, suggests that market recoveries are swift with entire losses getting recouped in 3-6 months
Despite the multiple COVID waves, the earnings for FY22 have not seen any significant downgrades and are on-course to deliver about 25 per cent growth
Similarly, the Bank Nifty may shed another 7 per cent to 30,500-31,000 levels.
Equity markets are in turmoil due to global uncertainties. Analysts are asking investors to remain cautious and look at safer investment options. Find out the sectors and stocks that are a safe bet
The Russia-Ukraine conflict has triggered a sharp fall in equity markets across the globe. The recovery has also been swift. Let's look at how markets have behaved during such crises earlier
Those investors who are unable to handle market volatility should take an advisor's help or use hybrid mutual funds
Traders should opt to stay on the sidelines as this is an event-driven volatility, and wait for a decisive confirmation
Around 65 companies or more than a tenth of the stocks which make up the index, have fallen more than 40%
Adani Enterprises Ltd on Wednesday announced divestment of its entire stake in DC Development Hyderabad Pvt Ltd and Naida Data Center (NDCL) to AdaniConnex Pvt Ltd. Consequently, DC Development Hyderabad and NDCL have ceased to be wholly-owned subsidiaries of the company, Adani Enterprises said in a filing to BSE. "The company has divested its 100 per cent stake in DC Development Hyderabad Private Ltd and Naida Data Center Ltd, wholly owned subsidiary (WoS) companies on 22nd February, 2022 to AdaniConnex Private Limited," the filing said. AdaniConnex is 50 per cent joint venture company of AEL with EdgeConneX Europe B.V.
In the past one month, the BSE Sensex and the NSE Nifty, shed over 6 per cent each, while crude oil prices soared to an eight-year high at almost $96 a barrel, up nearly 12 per cent.
FIIs have been on a selling spree across most EMs, including India where they have sold over $11 billion worth of equities since October 2021 when they started to unwind their position here
The mid-and small-cap indices on the BSE were down over 1 per cent each as against a similar per cent gain on the S&P BSE Sensex so far this year.
A similar view was shared by Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services, who suggested that Indian equity markets were on the cusp of a major bull-run
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The BSE Sensex has shed 1,844 points from Monday's close ending at 59,464 level today, way below the 60K-mark.
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