Stock Market Close Highlights: Sensex sheds 836pts; Nifty ends below 24,200; all sectors end in red
Share Market Highlights: Apollo Hospitals, HDFC Life, SBI, and TCS were the only four Nifty50 constituent stocks to manage to settle in the green on Thursday
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Bears took control on D-Street as 46 out of 50 constituent stocks of the NSE Nifty50 ended in the red, dragged down by Hindalco, Trent, Grasim, Shriram Finance, and Adani Enterprises with losses extending up to 8.42 per cent.
12:15 PM
From an economic growth perspective, the important thing is that the current amount deficit is reasonable shape and investment growth post COVID has been the growth rates have.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Anish Tawakley: The equity side economic growth we've had a very sensible policy of keeping limited restraint current account deficit. And ultimately, why do you need it doesn't matter because ultimately, you need foreign capital inflows to supplement domestic savings and to fund your current account deficit.
Now, as long as our current account deficit remains in check, you should not spend too much time wondering, as long as your deficit is small and restrained, funds will come, and whether we come this month or next month, it doesn't really matter.
From an economic growth perspective, the important thing is that the current amount deficit is reasonable shape and investment growth post COVID has been the growth rates have.
12:10 PM
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Mahendra Kumar Jajoo: Inception of the banking system these have not beaten inflation, whereas the debt mutual funds are products which are market related.
The best possibility for any prodyuct to beat inflation is when its a market related prodcut. So, the best option on the debt side are the debt mutual funds which the investors have still to understand and adopt.
The best possibility for any prodyuct to beat inflation is when its a market related prodcut. So, the best option on the debt side are the debt mutual funds which the investors have still to understand and adopt.
12:08 PM
We're are reasonably at peak margings; most companies are reporting the best possible margins till this quarter.
With a lag of a few quarters, earnings should trend higher than where we stand, as trending below the nominal GDP growth on a sustainable basis may not be so easy.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Sailesh Raj Bhan, CIO - Equity, Nippon India MF: Top line growth has been very weak; its been like that for the past 6 quarters.
We're are reasonably at peak margings; most companies are reporting the best possible margins till this quarter.
With a lag of a few quarters, earnings should trend higher than where we stand, as trending below the nominal GDP growth on a sustainable basis may not be so easy.
12:04 PM
To give a cricket analogy, India was losing when Gavaskar was there even though he was world class. When Tendulkar came India started winning once in a while when Dravid came India stopped losing. But with Sehwag and Yuvraj India became undefeatable.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Mahendra Jajoo: The reach of MFs is just about beginning to expand. There is reason to be optimistic.
To give a cricket analogy, India was losing when Gavaskar was there even though he was world class. When Tendulkar came India started winning once in a while when Dravid came India stopped losing. But with Sehwag and Yuvraj India became undefeatable.
So unless you have a diversified portfolio you cannot become undefeatable. There is space for every asset class.
12:03 PM
FPIs shareholding has come down as domestic mutual funds shareholding has gone up.
FPIs investment is likely to be lacklustre given what is happening on yields.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Ashish Gupta: Last five years, FPIs have underinvested in India.
FPIs shareholding has come down as domestic mutual funds shareholding has gone up.
FPIs investment is likely to be lacklustre given what is happening on yields.
12:02 PM
Today while certain segments are fairly priced but nothing is cheap. And the problem is the bubble is not just in valuation, its also in the mind of investors -- a lot of people are coming in with unreal return expectations.
If you look at allocation, huge money has gone in sector funds which have done well in the last 3 years. So, there is certainly euphoria, risk and that is the nature of the market when more money is chasing limited equity.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Sailesh Raj Bhan, CIO - Equity, Nippon India MF: The trouble with a bubble is you will know only when it bursts.
Today while certain segments are fairly priced but nothing is cheap. And the problem is the bubble is not just in valuation, its also in the mind of investors -- a lot of people are coming in with unreal return expectations.
If you look at allocation, huge money has gone in sector funds which have done well in the last 3 years. So, there is certainly euphoria, risk and that is the nature of the market when more money is chasing limited equity.
12:00 PM
FPI shareholding has gone down and Indian retail and domestic holding has gone up.
Near term looks challenging, but medium to longer term, India remains one of the best growth story out there.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Ashish Gupta, CIO, Axis Mutual Fund: Last five years, FPIs have been underinvested in India.
FPI shareholding has gone down and Indian retail and domestic holding has gone up.
Near term looks challenging, but medium to longer term, India remains one of the best growth story out there.
11:56 AM
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Mahendra Jajoo: We are very positive on the equity side. Because of tax incentive being withdrawn, people are investing more in fixed deposits.
11:54 AM
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Anish Tawakley, Co-CIO Equity, ICICI Prudential MF: We have closed our SmallCap fund for flows some time back because we felt that valuation have got out of hand.
I would say this, in the small and midcap space there are many companies where people have not looked at the risks and have not realised that these companies are not as strong as they are claiming to be and I would say they are in a bubble territory.
11:53 AM
I would say market is fair, at least the nifty. Large caps are in the fair zone. Small caps had seen a large big rally before.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Mahesh Patil, CIO, Aditya Birla Sun Life Mutual Fund: Earnings growth has been strong in last 3 yrs. This yr it's slowing down from 20% cagr to single digit growth.
Indian mkts have always been expensive because the relative growth differential for India still looks fairly good.
I would say market is fair, at least the nifty. Large caps are in the fair zone. Small caps had seen a large big rally before.
11:51 AM
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Mahesh Patil, CIO, Aditya Birla Sun Life Mutual Fund: In a bubble territory market is at the extreme end of the valuation and also at the peak of the economic cycle.
Nifty today is at the similar levels as the pre-covid levels, obviously the earnings growth momentum has been strong in past years, and the market growth has been backed by that.
And Indian markets have never been cheap because the relative growth defferential for India looks fairly good.
Nifty today is at the similar levels as the pre-covid levels, obviously the earnings growth momentum has been strong in past years, and the market growth has been backed by that.
And Indian markets have never been cheap because the relative growth defferential for India looks fairly good.
11:50 AM
Earnings growth momenutm has been very strong in last three years.
Growth in the market was backed by earnings on the Nifty front.
Indian markets are never cheap, Indian markets have always been expensive, based on growth differential.
Profitaility of Indian companies, ROCEs and ROEs, are much superiour, so valuations are higher.
Macro stability has been much better.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Mahesh Patil, CIO, Aditya Birla Sun Life Mutual Fund: NIfty multiples pre-covid not in bubble territory
Earnings growth momenutm has been very strong in last three years.
Growth in the market was backed by earnings on the Nifty front.
Indian markets are never cheap, Indian markets have always been expensive, based on growth differential.
Profitaility of Indian companies, ROCEs and ROEs, are much superiour, so valuations are higher.
Macro stability has been much better.
11:43 AM
We did not have such a good earnings season.
45-46% companies missed earnings and there were earnings downgrades.
So Despite the correction, the valuation comfort is not back.
There are pockets in the market that are good value, and then there are pockets which are in a bubble.
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Ashish Gupta: Valuation excesses have not gone away from the markets.
We did not have such a good earnings season.
45-46% companies missed earnings and there were earnings downgrades.
So Despite the correction, the valuation comfort is not back.
There are pockets in the market that are good value, and then there are pockets which are in a bubble.
11:39 AM
Ashish Gupta, CIO, Axis Mutual Fund;
Mahendra Kumar Jajoo, Chief Investment Officer(CIO) - Fixed Income, Mirae Asset Investment Managers (India);
Mahesh Patil, CIO, Aditya Birla Sun Life Mutual Fund;
Rajeev Radhakrishnan, CIO Fixed Income, SBI MF; and
Sailesh Raj Bhan, CIO - Equity, Nippon India MF, take the stage at the BS BSFI Insight Summit to discus whether the market is in a bubble?
Stock Market LIVE Updates: BS BFSI Insight Summit - Mutual Fund CIOs discuss, is the market in a bubble zone?
Stock Market LIVE Updates: Anish Tawakley, Co-CIO Equity, ICICI Prudential MF;
Ashish Gupta, CIO, Axis Mutual Fund;
Mahendra Kumar Jajoo, Chief Investment Officer(CIO) - Fixed Income, Mirae Asset Investment Managers (India);
Mahesh Patil, CIO, Aditya Birla Sun Life Mutual Fund;
Rajeev Radhakrishnan, CIO Fixed Income, SBI MF; and
Sailesh Raj Bhan, CIO - Equity, Nippon India MF, take the stage at the BS BSFI Insight Summit to discus whether the market is in a bubble?
11:33 AM
We will see more products, more vehicles and more distribution channels. Everything will grow.
Stock Market LIVE Updates: BS BFSI Insight Summit - Path to Rs 100 trillion
Stock Market LIVE Updates: Navneet Munot HDFC Mutual Fund: We are transforming from a country of savers to a country of investors.
We will see more products, more vehicles and more distribution channels. Everything will grow.
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First Published: Nov 07 2024 | 8:00 AM IST
