The Nifty hit another record high with many individual stocks also hitting new highs
The Nifty Bank is trending at about 21,400 now and it hit a new all-time high on Tuesday
The benchmark Nifty on the National Stock Exchange clocked a new all-time high on Thursday, even as the US Federal Reserve raised its policy rate, the third increase since December 2015. Domestic stocks and currency climbed, along with other global markets, after the US central bank said its monetary policy stance would remain accommodative for "some time", implying its three-rate hike forecast for 2017 would not be overshot. The Nifty 50 index, a gauge for the performance of the country's top companies across sectors, rose nearly 0.8 per cent to 9,153.7. The 30-share benchmark Sensex on the BSE exchange rose 0.6 per cent or 187.74 points to 29,585.85, about 1.4 per cent away from a new high. The rupee gained 0.4 per cent to close at 65.41 against the dollar."The message from the Fed was less hawkish than anticipated. It has maintained its stance of gradually normalising interest rates, pegging two more rate hikes in 2017. The Fed's stance bodes well for Indian equity markets, where .
Sensex gains 1.71%, FIIs pump in Rs 4,100 crore; Rupee at highest level since November 6, 2015
The Nifty Bank has also hit all-time highs and the index is trending at about 21,100 now
The prime minister's win should bode well for foreign portfolio investment in India.
ORTime to rebalance your portfolioWith the markets - as represented by the Nifty50 index - scaling to fresh all-time highs, is it a good time for investors to sell? The latest push to the indices has come been fuelled by the outcome of the state elections, especially Uttar Pradesh (UP), that was being dubbed as the semi-final to the 2019 general elections.Since the beginning of calendar year 2017 (CY17), the markets have gained nearly 12% in a liquidity driven rally. While mutual funds have pumped in around Rs 6,504 crore since then as per Sebi data, foreign institutional investors (FIIs) have invested Rs 19,023 crore during this period, NSDL data show.Though most analysts remain positive on the road ahead for equity markets from a 6 - 12 month perspective, they expect the markets to remain choppy in the near-to-medium term on account of uncertainty regarding the US Federal Reserve's stance on interest rates, policy action by the US president and its impact on the world economy and ...
There's euphoria on how the stock market is now trading at an all-time high, tempting some to name it a bull rally and gathering momentum. However, closer reading of the numbers suggests the markets haven't delivered really exciting returns in the past decade as compared to other asset classes. From the start of 2007 (then reckoned as a strong bull market year) till date, even as the CNX Nifty (benchmark index on the National Stock Exchange) rose from around 4,000 to 8,924 points till date, the annualised return translates to nine per cent. In comparison, gold and risk-free bonds have returned a 12 per cent CAGR (compounded annual growth rate) and 7.6 per cent, respectively. As equities are a riskier asset class, their returns ought to be higher than risk-free bonds by a good margin. It is possible that had it not been for the Lehman Brothers crisis of late 2008, the brake might not have been applied on Indian equities. The Nifty rose from around 4,000 points at the start of 2007 to ..
The Bank Nifty index has gained 13.4% this year against a 9.3% gain in the Nifty 50
The bull run continues and it seems to have regained some momentum
In quarter-on-quarter terms, the ownership has witnessed a 70 basis point fall during Q3FY16
Sensex had dropped by 52.51 points on Tuesday after IMF lowered India's GDP estimates
The market is now looking at support in the 8,250-8,300 range and it is facing resistance at 8,450
Markets may continue to remain volatile
Domestic investors lead buying as FIIs continue to sell
Nifty, Bank Nifty, Idea Cellular, Hindalco, Lupin
Adani Ports & SEZ, ONGC and Larsen & Tourbo have seen the highest upward revision
The benchmark Nifty fell only 0.4 per cent short from making a new, all-time high last week
Market outlook and trading strategies from Sharekhan
The average rollover for Nifty contracts for the previous three months was 67%