On Tuesday, the domestic equity market settled in the red as investors booked profit. The S&P BSE Sensex ended at 40,084, down 184 points or 0.46 per cent.
Market veterans have called for improvement in ease of doing business and policies to encourage FDI flows to invest in long-gestation infrastructure projects and recapitalise financial firms.
Changing the orbit of Indian GDP growth from current 7 per cent to a higher level is what markets are expecting from the new government
There should be a mild correction over the next few sessions and then a consolidation phase will set in, albeit with a negative bias.
The growth is slowing and the trade war is becoming a lot more than what it initially was. So, India will be seen as a safe haven in the global context.
Valuation is stretched for Indian equities but if you look at the global markets, the valuations have gone up YTD for almost all markets, says Jitendra Gohil of Credit Suisse Wealth Management.
The Sensex, as it was known then, crossed over to the five-figure level - the 10,000-mark - for the first time on February 6, 2006. It took the index over 13 years to hit the 40,000 levels.
On Thursday, the Narendra Modi - led National Democratic Alliance (NDA) was seen sweeping to power for the second consecutive term
Earlier this week, the markets recorded their best single-day gain in a decade with the Sensex surging 1,422 points as exit polls showed the incumbent Narendra Modi - led NDA is set to return to power
The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77
At a broader level, of the 19 Nifty firms that have announced their earnings, 15 have either met or exceeded estimates of analysts at Motilal Oswal on both the profit after tax (PAT) and EBITDA front
The feeling of "opportunity loss" may haunt many; however keeping proper support level will not only give a sense of security but will also help to leverage other non-performing stocks.
The current market up move should not be seen as a rally, but more as a re-bound or risk-on after the poll debacle of the current incumbent government in Rajasthan and Madhya Pradesh state elections
There is value in select mid-cap stocks, which cannot be ignored, says chief investment strategist at Standard Chartered Securities.
Sensex slipped 355 points to end at 37,808.91 while the Nifty 50 lost 103 points to close at 11,354
Sensex recovers after dropping 499 pts
The government is scheduled to release GDP print for December quarter of financial year 2018-19 (FY19) on Thursday. The February 2019 futures & options (F&O) contracts will expire on the same day.
Among specific stocks, RIL plunged 7 per cent to Rs 1,120 per share, followed by HeroMoto Corp (5.45 per cent) and TCS (4.54 per cent).
The rally in the index is largely on account of the strong performance by three stocks-Tata Consultancy Services (TCS), Reliance Industries and HDFC Bank
Tata Motors fell 3.7%, the most among Sensex components, followed by Asian Paints which fell 3.1%