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The S&P BSE Sensex plunged by about 3000 points from the lifetime highs of 50,184 while Nifty50 breached 14,000 levels for the first time since January 4 on Wednesday.
Over 20 stocks from top 5 PMS schemes outperformed Nifty in December; worth a look? Small & midcaps captured the limelight after two straight years of underperformance, and if we look at the PMS schemes which outperformed the index are mostly from the broader market space. Representative image. Bulls managed to control the market in December with benchmark indices gaining about 7 percent each during the month and around 15 percent each in the year 2020. Meanwhile, small & midcap indices outperformed rising about 20 percent each in the same period. Small & midcaps were in the limelight afte...
Stocks like Grasim Industries rallied more than 6%, Century Plyboards rose more than 4%, and Bajaj Auto which hit a 52-week high closed with gains of about 2% were some of the stocks in focus on Monday.
Dip in market ahead of Budget 2021 might not be bad: What should be your investment strategy? GDP numbers suggest that we are in a technical recession but things could reverse very quickly without giving much time or opportunity for investors to react. Image: Pixabay The S&P BSE Sensex has fallen more than 3 percent points in the run-up to Budget 2021. The Nifty50 is also trading near crucial support levels of 14,200 after hitting a high of 14,753 earlier in January. The market was overheated and overbought, and some profit-taking ahead of the Budget 2021 was on the cards. A dip in the marke...
At this juncture the budget appears to be quite constructive; however, the fiscal room afforded even after considering the improving economy and better-than-expected tax collections is not very significant.