Sensex surges 887 pts amid global rebound as Omicron fears wane : Rashtra News Market benchmarks made an emphatic comeback on Tuesday after a two-session sell-off, in tandem with a recovery in global equities as worries over the Omicron variant receded. According to experts, world markets heaved a sigh of relief after initial studies showed
BSE 500 stocks such as Paytm, Gujarat Gas, RCF, La Opala, Prestige Estates, MMTC, RHIM, LTTS and Fortis cracked up to 8.82 per cent. In contrast, KIOCL, Elgi, NBCC, SJVN, Nesco, National Aluminium and Solar Industries jumped up to 5.22 per cent.
CLSA and Axis Securities have raised their target prices for HDFC Bank, while fund manager Saurabh Mukherjea believes the bank's valuations are attractive. Despite concerns about deposit growth, Mukherjea remains confident in the bank's solid operational performance and sees potential for further investment. Marcellus, the firm managed by Mukherjea, has significant investments in HDFC Bank.
“Some of the largecaps have been doing well otherwise, for example the consumer stocks like Levers. Then there are the IT stocks and the financial stocks. Broadly, we believe that the financial stocks have actually been delivering but they have not gone up and so they shall outperform. That is we hope and pray and position ourselves for.”
“If you are picking stocks individually, then you have to have faith in that company that you are invested in. But ultimately long term wealth and long term compounding can only happen in the hold phase. So, be patient and be aware of what you are doing. Be patient and be aware of what you are doing.”
"The tide has lifted all the boats in this space. Amid India's buoyant equity markets as well as strong institutional and retail liquidity, several stocks with low public float have also surged this year. We believe caution is warranted in those names with a lower free float amid a lack of liquidity and low institutional ownership. The recent sharp price cuts across this space have showcased the underlying risk involved."
"I believe that spotting a gem in a falling market is a myth, being a fundamental research analyst, I believe risk-and-return are part of investing and identifying gems or a multibagger in the stock market which requires research, a disciplinary approach, high patience, and a willingness to take calculated risks and holding it for long-term."
India Business News: The 30-share BSE Sensex declined 216.73 points to 64,741.96. The Nifty slipped 63.05 points to 19,348.70. Among the Sensex firms, ICICI Bank, Power Gr