The new fund offer of Bharat-22 ETF, in which the govt offloaded its stake in 22 companies, was subscribed more than two times, sources said
Over the last week, the Sensex recorded 131.39 points, or 0.38%, rise; while Nifty gained 38.75 points, or 0.37%
The action is also a tactical move to lure foreign investors to an international financial centre being developed in Gujarat
Analysts advice investors to stay careful while dealing in shares of mid cap and small cap companies
The BSE Sensex fell over 111 points, or 0.31%, to close at 36,050.44
Sees Nifty 50 Index closing at around 10,500 points on December 31, 2018; results will disappoint consensus estimate of 22% growth for FY19
Equity mutual funds seeing record number of investors sign up
There is a scenario of demand mismatching the supply of some good stocks
Nearly half the stocks in the broader market have come off more than 20 per cent from their yearly highs, even as the benchmark indices are only three per cent shy of new record highs. In the BSE 500 index, 91 per cent of India's market capitalisation, 199 scrips have lost 20 per cent or more from their highs as investors have turned wary, due to deteriorating fundamentals and lack of earnings growth.Similarly, 237 of 850 components in the BSE Small cap Index have lost more than 20 per cent from their one-year peak, with 80 of these plunging over 50 per cent.Analysts say benchmark indices could be hiding the pain and volatility the broader market is witnessing. The Sensex and the National Stock Exchange's Nifty are up 20 per cent this year and have seen almost no sharp fall, thanks to contributions by index heavyweights such as HDFC, HDFC Bank, Reliance Industries and ITC. Despite the underperformance from others, these constituents are propelling the indices to new highs. Analysts ...
Markets may on Monday react to the US jobs data which came out on Friday
Healthcare, technology are only sectors in red this year in India