The era of hiding in defensives is over; Five macro factors driving the new bull run this summer

ET Markets Daily Brief | Mon, May 30, 2016 | 04:40 PM IST Follow ET Markets

The era of hiding in defensives is over, time to place your bet on domestic cyclicals? The BSE FMCG index has slipped 3 per cent since the breakout rally post the Budget whereas the BSE Capital Goods index has rallied 24 per cent. Five macro factors driving the new bull run this summer The post-Budget rally is driving benchmark indices to a new bull market. Sensex has surged over 20% from its 52-week low of 6,825.20 it hit on Budget Day. Here's what happened on Dalal Street all through Monday If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

Interview One to One There is going to be strong economic recovery in FY17 and that is the positioning for corporate day... Nischal Maheshwari, Head Institutional Equities, Edelweiss Securities

Advertorial How and when to de-risk one's investment portfolio As one nears long-term goals, it is important to preserve the accumulated wealth through the process of de-risking. Read on to find out how and when de-risking helps in the financial planning process.

Market Watch 30 May | 04:40PM| SENSEX NIFTY USD/INR GOLD 26725.60 ↑72.00 8178.50 ↑21.85 67.19 ↑0.16 28533.00 ↓-70.00

Gainers Losers 30 May, 2016, 04:40PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Claris Lifesciences Ltd. 201.90 20.00 383707 201.90 163.50 Mahabir Metallex Ltd. 34.80 20.00 20000 34.80 34.00 Virinchi Ltd. 53.45 19.98 68422 53.45 53.40

Tweet of the day... F&O view: Market base shifts higher; 8,000 will not act as strong support

FROM THE NEWSPAPER

Eight stock strategies for the coming 5-10 trading sessions Nifty50 surged 5% to post its 2nd-biggest gain for the week ended May 27 and is comfortably placed to hit a level beyond the 8,300 mark in the near term. CLSA, UBS, Credit Suisse reaffirm faith in SBI despite near term headwinds SBI on Friday reported a 66 per cent drop in net profit to Rs 1,264 crore for the quarter ended March 31, weighed down by a surge in sticky loans. M&M Q4 misses Street estimates, PAT at Rs 584 crore, up 6%; margins expand to 9.8% Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 1,049 crore for the quarter under review, up 16.6 per cent (YoY). It may be the end of hedge funds as we know it Let's get the obvious out of the way: hedge fund performance is abysmal. Funds are underperforming their benchmarks and many are losing investors money. PM Modi is pushing for a new law to fix Sahara-like ponzi schemes If approved, the bill would bar about 1,400 societies that have collected over $30 billion from taking deposits, said a senior official at the farm ministry.

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