FPIs, who sold equities worth $397 million in May, actually bought $479 million worth of shares in the second half of the month, after selling shares worth $876 million in the first half.
Use equity corrections as buying opportunity: Credit Suisse India
April 22, 2021
Prefers cyclicals over defensive, mid-caps against large caps
Credit Suisse, a global wealth management firm, anticipates some selling pressure in the Indian equity markets in the coming weeks and has recommended that this could offer a good buying opportunity from a 6-9 month perspective.
“While the second wave of Covid-19 pandemic in India and subsequent restrictions may lead to some growth worries, we believe corporates are better placed this time. We do not expect a nationwide strict lockdown to curb the pandemic; instead policymakers could resort to partial lockdowns, faster vaccine approvals and strengthening of the healthcare infrastructure,” said Jitendra Gohli, Head of India Equity Research and Premal Kamdar, Equity Research Analyst at Credit Suisse Wealth Management India in the firm’s latest India Market Outlook Report.
Updated Apr 12, 2021 | 09:39 IST
Sensex today: Banking shares, being a direct proxy to the economy, were the biggest hit in today s trade. Nifty Bank, NSE s sub-index for banking shares fell 3.71%. Sensex today
New Delhi: Indian shares made a gap-down opening on Monday as rapid spike in fresh Covid infection cases created fresh worries for investors with states like Maharashtra preparing for lockdown. Weak Asian shares also weighed on sentiments. As of 9:19 am, the Sensex was down 946 points or 1.91% at 48,528.76 and the NSE benchmark Nifty was lower by 336.90 points or 2.27% at 14,497.95. Banking shares, being a direct proxy to the economy, were the biggest hit in today s trade. Nifty Bank, NSE s sub-index for banking shares fell 3.71%.
Updated Apr 12, 2021 | 12:02 IST
Sensex today: Market capitalisation of all BSE-listed shares has fallen to Rs 201.90 lakh crore as compared to Friday s closing value of Rs 209.63 lakh crore. Sensex today
New Delhi: The BSE Sensex and the Nifty extended losses in the late morning trade panic selling gripped Dalal Street amid rapid jump in fresh Covid-19 infection cases. As of 11:54 pm, the Sensex was down 1m649 points or 3.28% at 47,963.67 and the Nifty was down 482 points or 3.25% at 14,352.60. Except for pharma, all other sectoral indices were in the red with investors losing nearly Rs 8 lakh crore in three hours of trade. Market capitalisation of all BSE-listed shares has fallen to Rs 201.90 lakh crore as compared to Friday s closing value of Rs 209.63 lakh crore.
Updated Mar 17, 2021 | 10:09 IST
Sensex today: Among Nifty stocks, L&T was the top gainer, up 1.87% followed by ITC and Gail, which gained 0.91% and 1.39% respectively. Sensex today
New Delhi: The BSE Sensex and the Nifty opened lower on Wednesday in-line with Asian shares following a sell-off in U.S. stocks, as investors awaited the Federal Reserve s meeting and whether the central bank will maintain near-zero interest rates amid the economy s post-pandemic recovery. As of 9:18 am, the Sensex was down 10 points or 0.02% at 50,354.25 and the Nifty was lower by 9.60 points or 0.06% at 14,900.85. IT and FMCG stocks gained while banking and metal stocks witnessed profit booking.