Price destruction permanent for most stocks, few will revert to past peaks

THE ECONOMIC TIMES Fri, Aug 02, 2019 | 08:14 AM IST ET Investment Opportunities

Price destruction permanent for most stocks, few will revert to past peaks The prolonged selloff in the broader market has baffled even seasoned investors. Dangerous debt levels may take gold prices back to $1,450 level Historically, gold has thrived during the era of rate cuts and easy liquidity. 'Samudra Manthan' in progress on Dalal Street, says top broker The good will eventually get separated from the bad, says Dhiraj Relli. This D-Street veteran says market shifting to future-ready hands According to Shah, investing is an art of differentiating voice from the noise.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -3.53 8.56 2.09 13.97 Axis Bluechip Fund-Growth -3.60 7.92 0.73 12.53 Mirae Asset Large Cap Fund Direct- Growth -5.06 3.70 1.81 12.12 Sundaram Select Focus Fund Institutional-Growth -4.31 6.09 0.66 12.08 Reliance Large Cap Fund Direct-Growth -7.20 1.30 0.68 11.32 FeaturedDSP Strategic Bond Direct Plan-Growth ★★★★★ 2.91 6.45 12.19 6.82 Start SIP

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Midcaps down 26% from highs, more pain in store The P/E tended to bottom at 25-40 per cent discount levels. Investment climate hurting foreigners, Indians alike: Swami Aiyar We have to start with changing the mindset if we really want to become competitive. More the choices, better it is in investing? Wrong, here's why Clearly identify your financial goals and the criteria for making an investment decision. We could be 1-2% from reaching a bottom in Nifty: Sahil Kapoor Nifty entering ninth week of correction, longest in at least three to four years.

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Meet the vulnerable favourites! FII exits put over-owned stocks in a bind Stocks where FPIs held 33-74 per cent have dropped up to 60 per cent since Budget. As slowdown bites, India Inc readies to tighten belt Some veterans are optimistic that a turnaround isn't too far away.

NFO (FMPs) Fund Name Category Type Open Close Min Inv   SBI FMP (FMP) - Series 15 (1123 Days) Reg-G Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000 SBI FMP (FMP) - Series 15 (1123 Days) Direct-G Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000 SBI FMP (FMP) - Series 15 (1123 Days) Reg-D Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000 SBI FMP (FMP) - Series 15 (1123 Days) Direct-D Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000 Reliance FHF XLI - Series 13 Reg-D Debt: FMP Closed-end 07 Aug 2019 21 Aug 2019 5,000 More >>

Real Estate News

Real estate attracts $34 billion PE investment since 2014: Report 25 million more affordable homes will be required by 2030 because of rapid urbanisation.

Jaypee homebuyers still hoping for dream houses While the SC has ordered early addressing of similar problems faced by home buyers of Amrapali and Unitech projects, buyers of Jaypee continue to wait for end to their woes.

SDMC spooks houseowners, says furnish completion certificates or face action Notices are being issued irrespective of age of the building or period of construction with the South Delhi Municipal Corporation casting its net wide.

New luxury housing launches in January-June triples in 2 years since demonetisation While affordable and mid-segment housing sectors continued to dominate overall supply, the luxury segment too seems to be climbing back with rising supply of such apartments.

DDA survey to assess housing needs Those who want to be considered under PMAY (Urban) will be able to apply online at the DDA website www.dda.org.in for subsidy or allotment, starting August 1.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   ITI Long Term Equity Fund Reg-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Direct-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Direct-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Reg-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ICICI Pru Private Banks ETF-G Equity: Sectoral-Banking Open-ended 01 Aug 2019 06 Aug 2019 5,000 More >>

Views and Recommendations

Buy JMC Projects, target Rs 176: HDFC Securities 01 August, 2019, 03:10 PM IST JMC Projects (India) is a smallcap company, operating in construction sector. Buy Buy Gujarat Gas, target Rs 220: Centrum Broking 01 August, 2019, 01:23 PM IST "We see volume strength sustaining for GGL for the next 6-9M," said the brokerage. Buy Add Indian Oil Corporation, target Rs 155: ICICI Securities 01 August, 2019, 12:45 PM IST The re-election of a strong government augurs well for marketing margin outlook, the brokerage said. Add Buy Cholamandalam Investment & Finance Company, target Rs 300: ICICI Securities 01 August, 2019, 12:11 PM IST Slippages in collection efficiency and deterioration in home equity portfolio remain the key risks, the brokerage said. Buy

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Rs 1.6 lakh cr gone in a day | Market kya lagta hai | Bharti Airtel's big Q1 loss

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DAILY BRIEF Thu, Aug 01, 2019 #Q1Results#SmallcapHunters#IPOs#ExpertViews#StockRecos SENSEX 37018.32 -462.80 NIFTY 50 10980.00 -138.00 Gold 34315.00 -202.00 USD/INR 69.05 0.26

TOP OF THE DAY After Market: Rs 1.6L cr wiped off; 541 stocks at 52-week lows Market kept reeling under pressure with no respite from global and domestic headwinds. Market kya lagta hai? Why investors need predictions in stock market Airtel reports Q1 loss of Rs 2,866 cr on Rs 1,470 cr one-time hit India yet to decide on issuing sovereign overseas bond in 2019/20 Nifty's Thursday tumble a counter-trend; downside impulse stays Sensex crashes 463 pts: Fed & 4 other factors that singed D-Street Expect a slow recovery, high-single digit returns on Nifty: Mihir Vora

Top Gainers NSE 10 companies (largecap) appreciated more than 1% Oberoi Realty 2.36% Bharti Infratel 2.12% More from Gainers Top Losers NSE 2 companies (largecap) price decreased more than -5% Vedanta -5.61% JSW Steel -5.14% More from Losers 52 Week High NSE 7 companies touched new 52-week high today PowerGrid 1.52% InfoBeans Technologies Ltd. 0.60% More from 52 Week High

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Bottom fishing in a down market: 10 stocks everyone seems to be buying Positive signal when both institutional investors and promoters raise stakes in a company. F&O: Nifty resistance shifts lower; VIX bounces 7% to signal weakness Sterling and Wilson Solar's Rs 3,125 crore IPO to open on Aug 6 Electron acquires 40% stake in SIML, holding rises to 60%

Market moguls Podcast Video Too much pessimism suggests a short-term rally around the corner ETMarkets Special Podcast: Macros with Mythilli: Making sense of core sector, fiscal deficit data Airtel reports Q1 loss of Rs 2,866 crore on one-time hit

RECOMMENDATIONS JMC Projects (India) Ltd. Buy JMC Projects, target Rs 176: HDFC Securities Buy Gujarat Gas Ltd. Buy Gujarat Gas, target Rs 220: Centrum Broking Buy Indian Oil Corporation Ltd. Add Indian Oil Corporation, target Rs 155: ICICI Securities Add Cholamandalam Investment & Finance Company Ltd. Buy Cholamandalam Investment & Finance Company, target Rs 300: ICICI Securities Buy Titan Company Ltd. Sell Titan Company, target Rs 1,000: Manas Jaiswal Sell

India bonds slide after Fed's hawkish signal RBI has already cut rates by a combined 75 basis points this year. Cognizant narrows FY guidance, eyes further cost cuts Why US Fed's 25 bps rate cut spooked stocks? Key takeaways Cotton yarn exports fall 33% in Q1: Texprocil

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