SENSEX CRASH NEWS
5 stock market myths in a raging bull market: Kotak Equities
Despite the ongoing bullish trend on D-Street with frequent new highs, Kotak Institutional Equities has cautioned investors by debunking five prevalent market myths in a recent note. Among these myths are beliefs that Indian markets are currently trading at reasonable valuations and that robust GDP growth guarantees high returns.
Sensex@80,000: Fastest 10K-point rally in 139 days churns out 20 multibagger stocks
Sensex hit 80,000, its fastest 10,000-point rally from 70,000 in history. In 139 days, 20 BSE500 stocks became multibaggers. Sensex first hit 10,000 in Feb 2006, took 463 days for 20,000, and another 2,318 days for 30,000 in April 2017.
Plea in SC seeks Centre, SEBI to submit report in Jun 4 stock market crash
A plea filed in the Supreme Court calls for a detailed report on the stock market crash following the election results, with losses reaching billions. The plea seeks action to strengthen regulations and protect investors, citing concerns over market volatility and lack of change despite previous directives.
Why investors are favouring FMCG stocks after elections
One key reason behind FMCG becoming a preferred choice in today’s time was this year’s general election. It was the most expensive affair with an estimated campaign cost incurred by political parties reaching a record Rs 1.35 lakh crore. A significant share of this pie moves into the pockets of rural India.
Were exit polls rigged to manipulate stock market? MP seeks Sebi investigation
As the yawning gap between exit poll predictions and the actual election results led to huge losses in the stock market on Tuesday, Trinamool Congress' Rajya Sabha MP Saket Gokhale has asked Sebi to investigate whether BJP and poll agencies made crores by manipulating the stock markets via pollsters.
Market Meltdown: Rs 30 lakh crore wiped off as poll verdict trend sends Sensex plummeting over 4,300 points
The broader NSE Nifty dropped 1,379 points or 5.93% to end at 21,884. Intraday, the indices fell as much as 8.5%, on track for their worst session since the onset of the Covid-19 pandemic. On Monday, the exit poll euphoria had helped indices jump over 3% on projections that the BJP-led alliance would likely get a two-thirds majority in the lower house. Barring the Nifty FMCG index, all the sectoral indices closed in deep red. Nifty Bank fell 8%, Realty fell 9.6%, PSU Bank fell 15%, while Oil & Gas fell 11.8% and Metal fell 10.6%.
BSE PSU Index down 14% amid election result nervousness. PFC, REC,BHEL among top losers
The S&P PSU Index plunged by 14% during the Lok Sabha election vote counting, with major PSU stocks like PFC, REC, and BHEL experiencing significant drops in early trade sessions.
Low voter turnout, high VIX! Why stock investors saw Rs 11 lakh crore wealth erosion in 3 days
Stock market reacts to low voter turnout speculation in Lok Sabha election. Nifty falls below 50-DMA, Sensex loses 1,000 points, BSE-listed stocks lose Rs 11 lakh crore in three days. India VIX surges, FIIs sell. Valuation concerns and Q4 earnings disappoint.
Nirmala Sitharaman junks reports of income tax tweaks that made Sensex crash 1,100 points
The report claimed that once the new government takes charge, the income tax department may prevent tax base erosion, revamp laws on penalties, and impose uniform treatment for all asset classes. Currently, India follows a differential tax structure for various financial assets.
Fry-day! Sensex takes sharp U-turn, tanks 900 points; Nifty below 22,450
Indian equity indices dropped with Nifty and Sensex decline, led by Reliance Industries and HDFC Bank. Bajaj Finance shares surged 6% after RBI lifted restrictions. Market focused on US jobs data and global cues.
Sensex crashes for 3rd day straight: 6 factors behind the bloodbath on D-Street
Indian equity indices continued their decline for the third consecutive session, dragged by IT stocks, amid concerns over delayed US rate cuts and escalating Middle East tensions. US-rate sensitive Nifty IT dropped 2.6% — the most among the major sectors.
Mauritius issue begins to haunt foreign investors as FPIs pull out nearly $1 billion from Indian stocks
India and Mauritius have agreed to a protocol to alter a double taxation avoidance agreement (DTAA) stating that tax relief cannot be for the indirect benefit of residents of another country. As a result, all FPIs will have to examine whether they have enough commercial rationale to be based in Mauritius when the tax scrutiny happens.
Sensex falls 793 points. Mauritius link and 5 other factors behind the selloff
Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.
Rs 5 lakh crore wiped off! Sensex, Nifty slump 1% each ahead of Fed decision
Indian equity indices nosedived on tech sector concerns ahead of the U.S. Fed's rate decision. Sensex plunged 736 points to 72,012, Nifty dropped 238 points to 21,817. Global shares dipped on Tuesday while the yen slid after the Bank of Japan met market expectations and ended eight years of negative interest rates.
Sensex crashes 800 points: 5 key factors behind bear attack on D-Street
TCS emerged as the top Sensex laggard, experiencing a 3% drop. This dip coincided with 2.02 crore or 0.6% shares changing hands in a block deal on the counter. Other IT counters - HCL Tech, Wipro and Infosys - also traded with cuts, weighing on the index.
Sensex sinks 454 points on broad-based selling, Nifty near 22,000
Small and midcap stocks logged their worst week in 15 months on rising concerns of froth in the segments and as stress test results indicated a disparity in the durations that funds would take to liquify their portfolios. The small and midcaps dropped 5.5% and 4.66% this week, the biggest weekly drop since December 2022.
Fry-day! 4 factors behind 600-point crash in Sensex today
Indian indices dip on US rate worries, losing 2% this week. Markets set for worst weekly performance since October. Global cues, stress test results, and regulatory concerns impact sentiment.
Sensex plunges 790 points, smallcaps bleed most. 6 factors behind Rs 6 lakh crore crash
Nifty and Sensex fell below key levels. Technical analysts believe a breakout below 22,000 could trigger a downward move. FIIs have turned buyers despite high US bond yields. Sebi asks mutual funds to disclose risks and liquidity measures. Traders await US PCE data for Fed rate hike clues.
Sensex crashes 700 pts: US inflation and 4 other factors at play
Price growth dropped to an annual rate of 3.1% in January, according to official data; above economists’ expectations of 2.9%. In December, the consumer price index stood at 3.4%.
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