As of now, the psychological support of 11,000 level would be tested and the big question would be whether the index sustains or breaches that level
In the primary market, the initial public offer of SBI Cards and Payment Services will open today. The company expects to raise around Rs 10,341 crore from the IPO
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Analysts at Motilal Oswal said that SBI Cards' strong growth, stable asset quality, and superior return ratios provide comfort and justify the premium valuation
Factory activity in China, the global engine of growth, has contracted at the fastest pace on record
Jim Rogers, chairman of Rogers Holdings, tells Puneet Wadhwa that he is looking to invest in India upon a correction
If there is news about the possible containment of the virus, the rupee can strengthen rather sharply
The Indian markets have lost nearly $180 billion in market value
Experts, however, believe investors still need to tread with caution, given the downside risks to growth and earnings
The grey market premium for SBI Cards and Payment Services has seen some moderation following a 7 per cent crash in the stock markets last week
Buy good stocks in small quantities, as there could be more pain
It said Indian exporters of electronics, pharmaceuticals, speciality chemicals and automobile segments depend on China for raw material and are facing supply constraints
On a positive note, the data, however, showed that FPIs have been net buyers in the Indian markets since September 2019
Stocks are also expected to react to the GDP growth numbers released after market hours on Friday
Analysts have fundamental concerns on over-leverage in core markets of eastern India and an inability to meaningfully diversify away from microfinance and concentration risk
Business Standard evaluates various scenarios around spread of Covid-19 and its impact on the market
The regulator in the past had also asked the industry to focus more on driving the growth of direct plans
JSPL, Hindalco, Vedanta, SAIL, JSW Steel and Tata Steel from the Nifty Metal index have seen their share prices plunge in the range of 14 per cent to 18 per cent during this week
Indices see biggest single-day drop in 5 years; 5-day sell-off wipes off Rs 12-trn investor wealth
The velocity of the fall in stocks has been sharp across markets in Asia, Europe, and America