For banks and non-banking financial firms, net sales are gross revenues net of interest expenses, while for others, they are total income from sales of goods and services
The Nifty tested resistance at 10,900 unsuccessfully on June 13, topping out at 10,893. It has since fallen, to a low of 10,557 last week
Foreign portfolio investors remain net, high-volume sellers. Retail investors have also sold. Domestic institutional investors, including funds, are the only buyers at the moment
Rising oil prices and bond yields set off downgrades; banks worst affected
The Nifty has etched out three falling tops in succession though support is well above the index's 200-day moving average (200-DMA)
The Nifty has now etched out a sequence of falling tops though support has held well above the index's 200 Day Moving Average.
According to Nomura, Nifty's one-year forward P/E multiple has increased from 16 times in March to 17.1 times at the end of April
While the short-term and intermediate trends are up, the index will have to cross the all-time high of 11,170 to confirm that the big bull market remains alive
The next fortnight will see newsflow in the run up to the Karnataka Assembly elections and that could mean wide swings
The index move above 10,450 establishes a pattern of higher highs, which suggests an intermediate uptrend
While the information flow asymmetries last, the outperformance of active funds will also last, regardless of the representative nature of the benchmark or otherwise
The Nifty has pulled back above the 200-Day Moving Average (200-DMA) and it has successively tested higher resistance
The Nifty gained on all but one occasion during the week
Thaw in US-China ties, RBI's dovish tone fire up stocks
The Nifty posted its lowest close since October 11, closing 1.9 percent lower for the week
The Nifty is one of the most-traded derivatives contracts on the Singapore bourse
The long-term trend should still be counted as bullish. But the intermediate trend maybe negative
Domestic equity fund managers are of the view that the recent sell-off may extend further and don't rule out the possibility of the benchmark Nifty index slipping below the 10,000-mark. In the past one year, most fund managers have emerged as aggressive whenever the market has gone into slightest of correction mode. However, this time could be different. Despite, the benchmark indices coming off six per cent from the peak touched last week, money managers would like want to wait for lower levels before they start deploying capital aggressively."The sharp spike in the US bond yields is a serious issue. It has changed the cost structure for investing in equities. With the yield on the 10-year Treasury note in the US nearing three per cent, the equity markets are headed for turbulent times," said a senior fund manager.Business Standard spoke with several top fund managers on condition of anonymity. Fund managers say the latest correction will test equity investors' patience. "Some ...
The Nifty IT Index also returned 12 per cent in the last year, underperforming the broad market
Nifty, Bank Nifty, Bharti Infratel, HPCL, Wipro