With markets losing four per cent in the past two days and double that in a week, money managers and analysts are advising investors to stick to large-caps, avoid leveraged plays and companies with higher dependence on exports or exposure to developed economies like the US or the euro zone. Experts believe the markets may witness volatility in the short term, as investors turn risk-averse and money gets pulled out from emerging market equities.

Market verdict: Stick to consumption plays

Business Standard

Unabated selling over the last 10 trading sessions, thanks to the Reserve Bank of India&rsquo;s surprise 50-basis-point increase in rates and the prevailing global turmoil, involving fears of a double-dip recession in the US and an acute debt crisis in the euro zone, have taken a heavy toll on the markets. India Inc has lost Rs 5,81,973 crore in market capitalisation (m-cap) following an almost 10 per cent, or 1,881-point, drop in the Sensex since July 25. From Rs 68,35,915 crore on July 25, corporate India&rsquo;s m-cap dropped to Rs 62,53,942 crore on Monday.

India Inc loses 9% m-cap in 10 days

Trades between FIIs generated a volume of Rs 45 crore on the BSE Monday-an decrease of 56.04% from Rs 102 crore clocked on Friday. As many as seven stocks witnessed trades of 7.72 lakh shares on Monday.

FII-TO-FII: Grasim Ind traded at 3% premium

Singapore-based head of investment strategy for Asia at HSBC Private Bank Arjuna Mahendran, expects the Asian markets, including India, to decline further in August. In an interview with Mehul Shah, he says hedge fund redemptions and margin calls on leveraged investors will trigger further selling.

Q&A: Arjuna Mahendran, HSBC Private Bank

Markets may extend deep plunge posted in the past two sessions in the opening trades following rout in equities across the globe.

Pre-market: Steep fall seen in opening trades

The shares of information technology (IT) companies have been under the hammer over the past week. As the IT index just recovered from the Q1 result blow, concerns of global slowdown resurfaced to plague the IT space. This saw the IT index plunging almost 15% in last six trading days compared to around 9% drop in the benchmark index Sensex.

IT stocks remain under selling pressure

The crisis over the US downgrade sent Asian markets spiralling deeper into the red for the second straight day today, with stocks in Hong Kong and South Korea falling by more than 6%.

Asian markets sink deeper into red

Press Trust of India

Shares of the company went up by 1.42% to touch an early high of Rs 675.50 on the Bombay Stock Exchange (BSE).

M&M rises 1% as a top Sensex gainer

Shares of oil marketing companies IOC, HPCL and BPCL recorded smart gains in morning trade today despite the overall weak trend in the broader market.

Oil marketing firms gain on falling crude prices

Asian stocks markets are stabilising after a day of dramatic plunges today as futures point to a measure of calm returning to Wall Street following the Dow's sixth worst decline in the last 112 years.

Asian stock markets stabilise after deep dives

Polyplex Corporation has surged 6% to Rs 191 after reporting 58% year-on-year growth in consolidated net profit at Rs 62.26 crore for the first quarter ended June 30, 2011. The company had reported a net profit of Rs 39.31 crore in the corresponding quarter of previous fiscal. Net sales too, grew 56%, at Rs 666 crore on y-o-y.

Polyplex Corp surges on strong June qtr results

Jindal Polyfilms has moved higher by more than 8% at Rs 250 after the company announced buyback of its own equity shares.

Jindal Polyfilms rallies on buyback plans

Rattled by growing concerns about the health of the global economy and debt contagion, European shares sank in early trade today, with benchmark indices slumping by as much as 5%.

European stocks tumble in early trade

Volatility ruled the roost today, India's volatility index hit an all-time high of 34.31 as global uncertainty weighed on investor&rsquo;s mind.

Global cues continue to batter markets

Foreign institutional investors (FIIs) were net sellers of Rs 2,104.56 crore (provisional) today, according to data released by BSE.

FIIs net sellers of Rs 2,105 cr in cash mkt today

Reliance Industries (RIL) came dangerously close to losing its position as the country's most valued firm today when state-run Coal India's (CIL) valuation was less than 1% below that of the Mukesh Ambani-led corporate giant.

RIL faces CIL, ONGC challenge for top valuation slot

The Bombay High Court today asked the Securities and Exchange Board of India (Sebi) whether it would accept an undertaking from the promoters of MCX Stock Exchange (MCX-SX) that they would maintain their equity holding at 5% and not exercise the option of converting warrants into equity.

HC asks Sebi if it can accept MCX undertaking on equityholding

In its order refusing licence to MCX Stock Exchange (MCX-SX) as a full-fledged stock exchange, the Sebi is believed to have taken a stance opposite to its own inspection report that found the bourse in compliance with the relevant regulations.

MCX-SX compliant with shareholding rules: Sebi

Platinum missed the current rally in precious metals, with the price remaining range-bound due to surplus output forecast by London-based independent consultancy GFMS. The move helped narrow the premium over gold and led to more demand for the metal from aspirational jewellery consumers, Platinum Guild International UK Ltd CEO James Courage tells Dilip Kumar Jha.

Q&A: James Courage, Platinum Guild International UK

B C Khatua retired as chairman of the Forward Markets Commission (FMC), the commodity markets regulator, after a four-year tenure that saw significant developments. He talks of some of these with Anindita Dey.

Q&A: B C Khatua, Retired chairman, FMC

Fund managers say details not practical; unlikely to attract much of investments.

Sebi allows QFIs' entry in mutual funds

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