Stock Market Today: Sensex Ends Nearly 500 Points Lower From Day's High, Nifty Below 25,800
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Stock Market News: Correction Ahead, But Keep Your Gunpowder Ready — Talking Point
Here's a snippet into what our Senior Editor, Markets, Niraj Shah as to say on the markets this week. You can read the full story below:
This week the talk of the town is the market outlook for near term. The Indian markets have witnessed a remarkable pullback in the last few days. Does it seem stretched? To some, it does. To me, it does too.
Stock Market Today: Market At Close
Benchmark under performs broader market
NIFTY ends in red, below 25,800 mark
Nifty Midcap & Smallcap close largely flat with a negative bias
HDFC Bank, HUL, Axis bank drag Nifty lower by nearly 80 points
Nifty Metal emerges as top sectoral gainer, gains led by Hindalco & Hindustan copper
Nifty FMCG fell the most, HUL & Colgate fell the most
Nifty Oil & Gas gain for 6 out of 7 trading sessions
Nifty Auto & Nifty Pharma fell for 2 consecutive days
Nifty Metal gain for 3 consecutive days
Nifty IT & Media snaps 3 day gaining streak
Stock Market News Live: SBI Life Share Price
The shares of SBI Life dipped after the insurance company posted its second quarter earnings. The company reported a 6% dip in profit.
Stock Market LIVE Updates: ‘Don’t Invest In Stocks’: Shankar Sharma Told His Guard To Buy Gold
"Chup chaap, Gold main har month paisa daalte raho. Yeh stock market ki taraf khabardaar kabhi dekha to...," is the advice that veteran investor Shankar Sharma gave to his househelp and guard.
Shankar Sharma, known for early bets on Amazon and Apple, on Friday shared a 20-year-old anecdote of steering his house help, Teji, and guard Yadav away from the 2004-2007 stock bull market toward monthly gold buys and annual land investments. He said that this enabled the guard to purchase an apartment in Mumbai by liquidating portions of those assets.
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‘Don’t Invest In Stocks’: Shankar Sharma Told His Guard To Buy Gold, Now He Owns A Flat In Mumbai
Stock Market LIVE Updates: Samir Arora Says These Categories Will Outperform When FII Flows Return
Indian mid- and small-cap stocks will outperform their larger peers when foreign institutional flows turn positive, according to Samir Arora of Helios Capital.
"India's underperformance compared to emerging markets is too wide now. Investors in general are allocating to non-US markets, and India cannot be an exception," Arora told NDTV Profit in a televised interview on Friday.
Read the full story below:
Stock Market LIVE Updates: Kotak Rejects ‘Equities Vs Gold’ Debate
The traditional 'Equities vs. Gold' debate is largely irrelevant, according to Kotak Securities as the assets serve fundamentally different functions in household savings.
Kotak Securities in a recent note, said that equities are for investment and while gold acts as insurance. The near-term gold price drivers, like fear of missing out or FOMO and currency debasement arguments, appears weak to the analyst.
Read the full story below:
