Domestic drivers will support equity markets
Less than 10 stocks stay afloat, over 40 sink by 5%
Low competition has led to rise in profits as markets surge
This is driven by capital-intensive and cyclical stocks
Equity Mutual Fund investing is strictly meant for your long-term goals, so it makes little sense to try and time your exits and entries or to repeatedly "book profits" and sit on the sidelines.
The 30-share BSE Sensex climbed 169.87 points or 0.28 per cent to settle at 60,300.58
Move to prevent Reliance's exclusion from Nifty50 index
Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals
Rising for the second straight day, the 30-share BSE Sensex ended 234.79 points or 0.39 per cent higher at 61,185.15 after a choppy session
Analysts recommend traders to maintain a bullish bias and buy on dips
India's National Stock Exchange (NSE) will add Adani Enterprises, the flagship company of Indian coal-to-edible-oils conglomerate Adani Group, to its benchmark Nifty 50 index effective Sept 30
Many have done worse on profitability
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.
The schemes returned -2% on average, better than the -3.9% generated by the benchmark
The broader markets outperformed, the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively
The Nifty Bank index hit a new liftime high of 38,495 in the intra-day trade before closing 1.4 per cent higher at 38,294 levels
Large part of gains in two years accrued to top companies in metals, IT, pharma and realty
Century Textile and VIP Industries are the two stock recommendations by HDFC Securities
Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'
Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter