As the markets continue to defy the bears, a proper breakout could be on its way as early as next week. So watch for any pullback as a buying opportunity in these specific sectors recommended by MoneyShow.com senior editor Tom Aspray.
Stocks were choppy again last week, as Euro debt concerns once again pulled the rug out from under the market early Wednesday.
NEW DELHI: At a time when largecap stocks are stuck in a range, many midcap counters have actually doubled investors' wealth since January this year. With Indian economy set to bounce back in the near term, midcap companies are likely to benefit more from the revival.Midcap stocks are likely to enter a fast-growth lane as the economy gathers pace, fuelled by improving macroeconomic indicators such as low inflation, current account deficit, and as the government leads investment cycle revival.
NEW DELHI: The BSE Midcap Index has gained 26% in the past one year, and the BSE Smallcap Index has risen 18 per cent, compared to a 6 per cent rally in the S&P BSE Sensex in the same period. While small and midcap stocks are hitting record highs on a regular basis, analysts advise caution as the second rung stocks outperform in an economic upcycle and underperform when the cycle is reverses. That said, the small and midcap stocks remain a good bet even if there is a delay in economic recovery.
As the season has progressed, the Chicago Bulls have seen the development of a new star. This season, fourth-year guard Jimmy Butler has elevated his game to All-Star status. Butler is averaging career-highs in points per game (22.2), field goal percentage (48.7%), free throw attempts (8.3), rebounds (6.2), and assists (3.2).
NEW DELHI: The Indian market has shown resilience amid global turmoil, thanks to smart buying by domestic institutional investors (DII), but the Sensex is still down over 700 points from last Friday's closing level of 27,366.07. The Sensex has, however, managed to rally nearly 1,000 points in just two trading sessions, including Friday's intraday movement of over 400 points, fuelling the potential of further upside. The Nifty has also managed to reclaim its crucial psychological level of 8000.
NEW DELHI: Stocks of imported coal at India's ports have swelled to a record 16 million tonnes, primarily because power generating firms have stopped spot purchases even as international prices have plunged to as low as about a fifth of the peak levels. The stocks at 16 major Indian ports comprise mostly of thermal coal used by power plants, coal traders said. Power producers are not drawing from these stocks to blend with domestic coal since this makes electricity more costly and therefore unacceptable to cash-strapped electricity distribution companies.
NEW DELHI: Planning to reenter India market or make fresh investment at current levels? Well, it is a great time to buy stocks at current levels or may be at further declines, but investors should have a minimum investment horizon of atleast 3-5 years, say experts. Market has come off almost 10 per cent from its record high hit back in March, largely weighed down by concerns over earnings disappointment, minimum alternate tax (MAT), below normal monsoon forecast, slow reform process, and other emerging markets which are looking more attractive atleast in the short term.
Small and mid-sized firms in China have been hit harder by the weakening economy compared to large corporations. According to Shankar Sharma, India has successfully managed to retain its balance and to stimulate economy growth. Goldman Sachs downgraded its rating on Indian stocks to “underweight”. Following a six-day consecutive declines the BSE benchmark Sensex managed to erase all losses by gaining 179 points.
MUMBAI: Foreign investors have been relentlessly selling Indian equities. The Nifty has extended its decline for the seventh straight session and is on the verge of breaching its psychological support of 8,000. Besides domestic factors such as weak corporate earnings, prospects of a sub-par monsoon and delay in interest rate cuts, there are a couple of global factors as well that are pushing FPIs to withdraw from Indian equities. US Federal Reserve's rate hike in September: The global markets are bracing for a hike in US interest rates in September.