A weakening rupee and persistent foreign fund outflows also weighed on sentiment, traders said
The sharp fall in the market has seen these stocks slip into oversold zone. Charts hint at a sharp rally in all these from the current levels, provided the overall market sentiment stays positive
The Indian markets have gained 30 per cent so far this year, even as the MSCI Asia Pacific ex-Japan index is flat
The Sensex and Nifty ratcheted up to fresh lifetime highs on Wednesday but failed to hold on to the gains as investors took some money off the table amid concerns over frothy valuations. IT, metal and auto counters bore the brunt of the selling pressure, while FMCG stocks saw brisk demand. After touching a lifetime high of 57,918.71 during the session, the 30-share BSE Sensex pared all gains to end 214.18 points or 0.37 per cent lower at 57,338.21, breaking its four-session winning run. Similarly, the broader NSE Nifty snapped its seven-day record-setting spree, settling 55.95 points or 0.33 per cent lower at 17,076.25. It touched an intra-day record of 17,225.75. Auto stocks were subdued after companies posted muted sales numbers for August. M&M was the top loser among the Sensex constituents, shedding 2.89 per cent, followed by Tata Steel, Bajaj Finserv, TCS, HDFC, Infosys and HCL Tech. On the other hand, Asian Paints, Nestle India, Axis Bank, Dr Reddy's, Titan and L&T were .
Since April, the index has outperformed the market by surging 15 per cent, against 1.7 per cent gain in the Nifty50; Sun Pharma scales 4-year high
As per some experts, Nifty50 could possibly post the highest earnings growth in a decade in a financial year that was marked by turbulent times in the form of pandemic to lockdowns to GDP contractions
The Nifty ended Friday's session at 15,031, a fall of 144 points or 0.95 per cent
In February, the bottom 33 Nifty companies in terms of P/E rose 17.3%, while top-tier P/E stocks shed 1.3%
Overseas investors pulled out a net Rs 881 cr from equities and Rs 4,275 cr from the debt segment between March 1-5, taking the total net withdrawals to Rs 5,156 cr
The NSE Nifty 50 index ended 2.04% lower at 14,675.70, clocking its biggest one-day drop since Dec.21; PSU banks and IT worst hit
The earnings per share (EPS) for Nifty companies was Rs 416 in FY17.
Says the firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March
The shares of Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock, and Mishra Dhatu Nigam rose 15-30 per cent last year.
Extended breadth is not the only signal that India's equity rebound may have run too far too fast
An analysis done by Motilal Oswal Financial Services (MOFSL) shows, health care and technology are the only two sectors which have seen an upgrade in FY22 earnings
The Nifty50 broad-based index is reviewed twice a year based on six-month data ending January 31 and July 31.
India's most valuable stock Reliance Industries rose about 1.1% ahead of an annual general meeting due later in the day
Top-5 and 10 stocks account for 42% and 62% respectively; up from 37% and 56% two year ago
Last week, the Nifty twice attempted to breach the 10,300 mark. On both occasions, the index came off sharply after breaching those levels
The Nifty50 index reclaimed the psychological level of 10,000 for the first time since March 13