High valuations and short-term worries have resulted in stocks such as Maruti, Eicher, Avenue Supermarts and MindTree losing over 30% from their highs
HCL Tech, Bajaj Auto, Kotak Mahindra Bank and BHEL are among the other companies slated to announce their quarterly numbers this week
Benchmark indices rebound from 6-month lows
Also, fund managers missed out on the turnaround the IT stocks have seen in the last one year
Nifty, Bank Nifty, Bharti Airtel and Indian Oil
Nifty, Bank Nifty, UPL, Sun Pharma and Bharti Airtel
Investor appetite received a further boost after the rupee extended gains against the dollar for the third day
Between now and these elections, economics will dictate the market direction
High valuations of unlisted companies make it hard to value listed companies
Sensex gained nearly 0.6% on Monday, ending the month with a 6.7% gain
The National Stock Exchange's Nifty 50 Index rose 0.5 per cent to 10,617.8
BSE Sensex took off on a positive note at 34,491.38 and advanced to the day's high of 34,706.71 before ending at 34,616.64, up 165.87 points, or 0.48%
BSE Sensex rose 35 points to close at an over two-month high of 34,450.77, while the broader NSE Nifty finished at 10,584.70, up 20.65 points
Volatile trading sessions may also be seen amid derivatives expiry on Thursday
Index is upgraded with optimistic 'bull case' by Morgan Stanley computed at 39k by end-December 2017
Indices gained because of net inflows of over Rs 10,000 crore from foreign portfolio investors
Trading sentiment in the stock market this week would be determined by announcement of macroeconomic data, progress of good monsoon and last leg of quarterly numbers from blue chips like Coal India, L&T and NTPC, say experts. This week, the market could trade sideways since it is already at a high and further movement only could come on the back of early arrival of pre-monsoon shower along with better GDP number, said Abnish Kumar Sudhanshu, Director and Research head, Amrapali Aadya Trading & Investments. Major earnings due this week are from BPCL, Coal India, NTPC, L&T, Power Grid, Hindalco Industries and Mahindra & Mahindra. "With corporate earnings now nearing an end, focus will shift to how implementation of GST pans out. Of course, progress of monsoon will be another key factor to watch out in the coming days. Expectation of continued improvement in earnings coupled with strong inflows will continue driving the market," said Vijay Singhania, Founder Director, .
D-Street may lose sheen as higher commodity prices eat into margins and forex earners face headwinds
Having an exit strategy will help maximise your profits and limit the downside
Number of scrips trading above 50 times and 100 times earnings at record highs