Negative global cues led to more than 2 per cent fall in the benchmark indices Sensex and Nifty. The Sensex dropped 1,037.36 points, lower at 33,723.53, in early trade before a partial recovery.
Global and domestic factors converged in the first week of October leading to mayhem in the Indian markets as crude oil prices surged to new highs in recent memory, the rupee plunged, the IL&FS
Rupee depreciation and the flare-up in oil prices would be dominant themes in the second quarter corporate earnings, possibly distorting projections made by the analysts earlier.
The market meltdown is spilling over to the primary market.
Mumbaikars, unlike people in other cities, get a feel of their colonial heritage without entry restrictions every day. Most colonial heritage structures are still in use and well preserved.
The pace of recovery in the Indian economy from the twin shock of demonetisation and implementation of GST has been quite encouraging.
Rising crude oil threatens to derail India’s economic growth and the heat of this is being felt on the stocks of oil & gas, automobile, auto ancillaries and transport & logistics companies.
The rupee has plumped new depths last week. On Friday it breached the Rs 71-mark and hit 71.03 to a dollar before closing the day at 70.99.
Benchmark market indices Sensex and Nifty 50 are at record high levels, but only 25-30 stocks in BSE 500 are trading at their all-time high prices, which shows that the recent rally in the equity m
The recent correction in mid- and smallcap has to be viewed in conjunction with the significant return (BSE midcap and BSE smallcap index with around 250 per cent return since September 2013 till D