Share Market Highlights: Sensex ends 80 points lower, Nifty at 14,137; RIL, TCS, Maruti, NTPC top losers January 08,2021 10:22 IST
Sensex, Nifty Highlights on January 7: In a volatile trading session, market indices reversed trend on Thursday and closed lower for the second straight session, in line with weak global equities.
Sensex ended 80 points lower at 48,093 and Nifty fell by 8 points to 14,137. Yesterday, Sensex fell by 263 points to 48,174 and Nifty closed 53 points lower at 14,146. During the last session, Sensex hit a lifetime high of 48,616 and Nifty rose to a new high of 14,244.
Nifty Outlook Volatility remained the dominant theme yesterday as expected, but a directional move may be in line today, once 14280 gives away. The next objective of 14440-14540 may take a few days to materialize though, and until then collapse theories may be kept at bay. However, 14040/14000 region will be crucial to such a play.
Sensex at 50,000: Warning signs of an overheated market
Most economic data points and indicators show that Indian stock markets are overheated
Illustration by Siddhant Jumde
Very often, headline numbers do not divulge too many details. To let the numbers do the talking, it is important to dive deeper. Also, it is difficult to accurately estimate any measure without studying its long-term trend and comparing it with other relevant indicators. Business Today looks at some such indicators such as price-to-earnings (P-E) ratio, market cap-to-GDP ratio and corporate fundraising to gauge market sentiment and portray the state of the economy.
Fundamental statistics such as P-E ratio are popularly studied in two forms, trailing and forward, to determine the valuation of a stock or an index. Trailing P-E is calculated by dividing the current market value by earnings per share over the previous 12 months. Forward P-E looks at a company s likely earnings per share for the next 12 months. A
Share Market Highlights: Sensex ends 263 points lower, Nifty at 14,146; NTPC, Asian paints, M&M top losers January 07,2021 09:24 IST
Sensex, Nifty Highlights on January 5: After opening at record highs, market indices turned volatile and closed lower on Wednesday, tracking cues from mixed global equities. Sensex fell by 263 points to 48,174 and Nifty closed 53 points lower at 14,146. Sensex earlier opened 190 points higher at 48,592 and Nifty gained by 41 points to 14,240. During early session today, Sensex hit a lifetime high of 48,616 and Nifty rose to a new high of 14,244. Yesterday, Sensex ended 260 points higher at 48,437 and Nifty gained by 66 points to 14,199. On the currency front, Indian rupee appreciated 3 paise to 73.14 against the US dollar on Wednesday s opening trade, tracking most Asian currencies amid concerns about more lockdowns in major economies.
Higher crude means higher cost-push inflation, which, in turn, might force the RBI to depart from the accommodative policy stance, said VK Vijayakumar of Geojit Financial Services.