SJVN’s aggressive pricing has made investors nervous. This aggressive push by the government has exacerbated investor worry, causing PSU stocks to take a beating on the bourses.
Analysts feel that any ripples will be felt only if the rise in prices continues in coming weeks. Most of them expect no major corrections in the market in the near term, but recommend that investors pick up quality stocks in the event of a dip.
Sensex and Nifty fared far better than Asian peers such as Hong Kong's Hang Seng, Korea's Kopsi and Japan's Nikkei, which fell up to 2.2 per cent. The performance of domestic indices was in line with European markets.
Infosys delivered a surprisingly weak set of numbers for Q4 and missed Street estimates on multiple fronts on the back of unplanned project rammed down and cancellation across the sectors, said an analyst