Global equities sell-off: Sensex recoups after 1,200-point fall; RBI policy meet holds key for markets today
The Sensex on Tuesday had closed at 34,195.94 points, down 561.22 points or 1.61 percent, from its previous close at 34,757.16 points.
Hasmukh Adhia alleys investors' fears, says LTCG tax not causing sell-off at markets; blames global slump
Hasmukh Adhia, who is also Revenue Secretary, said income of government from Securities Transaction Tax (STT) is a paltry Rs 9,000 cr
Sensex zooms 414 points to 33,521; Nifty races past 10,300 as Moody's ups India's sovereign rating to Baa2
At BSE, SBI rallied 2.94 percent while private peers ICICI Bank, Axis Bank, Yes Bank and IndusInd Bank soared up to 3.07 percent
Sensex had inched up 32.12 points yesterday, NSE 50-share index Nifty finishes higher by 12.80 points.
The present rally has lasted for only 90 days and therefore statistically speaking there is some more steam left.
Wednesday's sharp drop in the Sensex, and Friday's buoyancy should both be taken with a pinch of salt. The market's long-term bull run is not over. Stay invested
The trajectory of the current bull market is still upwards. it will take a flop budget and political reverses for the BJP to change the positive sentiment
No two bull markets are the same. The bull market that began around August 2013 is likely to continue till 2017-18, but it will not be a repeat of 2003-08, when the Sensex multiplied seven-fold in five years
The Sensex, which surpassed 25K on Friday and closed at a new closing peak, has gained a solid 14 per cent this calendar year but shares of companies like Modison Metals and Modi Rubber have not made any fantastic gains.
Is the market rising too much, too fast? Not quite. Even now it is undervalued relative to its 2008 peak in real terms
For the Indian stock market to continue going up, and for the so called "Modi" rally to continue, the foreign investors need to continue bringing in money into the country.