Sensex gets cold feet, don't know whom to blame; Rich valuations may cap Nifty upside

ET Markets Daily Brief | Sat, Apr 30, 2016 | 05:05 PM IST Follow ET Markets

Kuroda or ICICI Bank? You don't know whom to blame when Sensex gets cold feet All decked up and nowhere to go! That's what Haruhiko Kuroda did to equity markets the world over, which were gearing up for a fresh dose of stimulus. Vodafone picks BofA, Kotak, UBS, other banks for India IPO, sources say The IPO is expected to raise $2b-$2.5b, which, at the upper end, would make it India's biggest stock market listing since Coal India raised $3.5b in 2010. Rich valuations may cap Nifty upside in near term It is estimated that these 'most' favoured stocks are trading 40-120% higher than their long-term average price-earnings multiple.

Interview One to One Motilal Oswal, Chairman & MD, MOFSL, believes even as the age of robo advisory dawns, HNIs will always look for quali... Raamdeo Agrawal, Co-Founder & Joint MD, MOFSL

Advertorial What mistakes do consumers commonly make: KS Gopalakrishnan,MD&CEO, Aegon Life Insurance KS Gopalakrishnan,MD&CEO, Aegon Life Insurance talks on 'What mistakes do consumers commonly make when purchasing Insurance plans'.

Market Watch 30 Apr | 05:05PM| SENSEX NIFTY USD/INR GOLD 25606.62 ↑3.52 7849.80 ↑2.55 66.32 ↓-0.20 30295.0 ↑609.0

Gainers Losers 30 Apr, 2016, 05:05PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Smruthi Organics Ltd. 153.10 19.98 79040 153.10 135.30 Resurgere Mines & Minerals India Ltd. 1.03 19.77 227699 1.03 0.87 Lok Housing & Constructions Ltd. 6.02 19.68 740747 6.03 5.00

Tweet of the day... Commodity rebound real for some base metals, unreal for many others

FROM THE NEWSPAPER

Top 5 wealth-creating ideas from experts as Sensex consolidates The benchmark equity indices moved in a narrow range for the second consecutive week in a row, which suggests that the consolidation is far from over. Yellen whistle cools down the bull party; more correction lies ahead The market witnessed serious profit taking. Strong resistence at 8,000 would be an important hurdle for the bulls to cross before restarting upward journey. These two cognitive biases are an investor's worst enemies This is not exactly ground-breaking, but internalizing this can help financial planners determine which clients could be at risk for making investing mistakes. Happy times for home buyers as house price inflation eases to its lowest level Even as the RBI has been reducing rates, house price inflation is moderating and has increased at its slowest pace since data compilation began 6 years ago. Economic gravity in the oil industry: What goes up comes down People who hold leases to drill for oil on their land said they treat the money they receive from leases on wells on their land almost like found money.

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Baba Ramdev's big FMCG dare and more stories

THE ECONOMIC TIMES Sat, Apr 30, 2016 | 11:21 AM IST Weekly Platter Newsletter

Patanjali will shut the gate in Colgate, make Nestle's bird disappear: Baba Ramdev The Ayurveda-based company, which has been growing exponentially in the last four years, plans to venture into exports and e-commerce this year. read more VVIP chopper scam: Christian Michel - the man who flew away with Rs 330 crore Italian prosecutors had argued that Michel and Guido Hashke worked together to influence Indian officials to pick Agusta's choppers. No salary hike for freshers in IT space amid hiring blues Despite marginal salary hikes offered by Cognizant — followed by TCS — last year, experts say that the range of salaries still largely remains the same.

Editor's Pick 6 things you need to know about India's own GPS system ISRO has successfully launched India's seventh and last navigation satellite. With this, India does not have to depend on another nation for navigation. How technological developments can cut millions of jobs over next 20 years A Bank of America-Merrill Lynch report had earlier predicted that 47% of jobs in the US will be taken over by technology. Is your career safe? Global giants are shifting business away from Indian IT companies. Here's why Some customers feel that the cost benefit of Indian IT is starting to become less relevant and that top outsourcing vendors need to transform fast. Here's how Facebook is making sure Mark Zuckerberg stays in control forever During the past decade, more tech companies have adopted two classes of stock so that their founders can cement their voting power at the firms.

Most Popular This Week IPO update: Thyrocare Tech IPO sails through, subscribed 2.24 times Indra Nooyi, Satya Nadella, Bhavesh Patel among highest paid CEOs in world Amazon pips Snapdeal to become India's 2nd largest online marketplace after Flipkart Apple's 9-year iPhone juggernaut stops with first sales decline Make Narendra Modi's educational qualification public: Arvind Kejriwal

Story of The Week PN Vasudevan, MD, Equitas: The model millionaire In a world where everyone seeks a salary hike whatever the company's performance, Vasu surprised his board with request for a pay cut. read more

Money

Government gives in to pressure, EPF interest rate increased to 8.8% from 8.7% The backpedalling follows the uproar sparked by the finance ministry scaling down the 8.8% recommended by the CBT of the Employees' Provident Fund Organisation (EPFO). Experts differ on how to claim additional NPS tax benefit under Sec 80CCD (1b) The new tax return forms still don't provide any clarity on whether or not 'employee contributions' can be treated as 'self contribution'.

Stock Round Up Mapping the market: So, who gave Dalal Street these weekend blues US GDP data, BoJ's policy or ICICI Bank's earnings? You don't really know which of these triggers really gave the market the sinking feeling on Friday.

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