Is India market a speculators’ den? It seems so.
As the NDA government gets ready to present its last full budget, the market players have started placing bets on the stocks and sectors that are likely to be impacted by the Union budget.
The year 2017 has been a spectacular one for equity investment. The Sensex touched a new high of 34,000-plus and has gained 28.77% in 2017. Mid-cap and small-cap stocks fared even better.
Calendar year 2017 was a good one for the stock markets and the benchmark indices ended with excellent gains.
Equity investors made phenomenal returns in 2017, as the Indian market emerged as the top performer globally.
The market settled marginally lower on the F&O expiry day, indicating profit taking at higher levels.
The benchmark indices snapped the two-day winning streak, ending the session on a negative note amidst intra-day volatility. Profit booking emerged after indices scaled record highs.
Hopes of revival in capital investments by domestic private companies looks bleak as capacity utilisation of corporate India is at a decade-low of around 60 per cent.
It was a lacklustre trading session on Thursday, with indices trading in a narrow range. After opening higher and swinging between gains and losses, Sensex and Nifty ended marginally lower.
The market gained for the fourth straight day, with both Sensex and Nifty hitting record highs during the day.