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.

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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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