Three reasons why Sensex slipped over 350 points; Indian market very fertile, have patience to reap great returns

ET Markets Daily Brief | Fri, May 13, 2016 | 05:35 PM IST Follow ET Markets

Three reasons why Sensex slipped over 350 points in Friday's session The Nifty50 slipped below its crucial support level of 7,800 weighed down by losses in realty, power, oil & gas, metal, consumer durables and banking stocks. Here's what happened on Dalal Street all through Friday 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. India's PE multiple can quickly rise to 19 from 16.5 now: Do not wait to buy stocks If you wait for clarity to emerge to invest in Indian stocks, you will end up missing the bus, says Harsha Upadhyaya, Head of Equity, Kotak Mutual Fund, said.

Interview One to One ET Now discusses the macro cues of the economy with Mythili Bhusnurmath, Consulting Editor, and Aditi Nayar, Senior E... Aditi Nayar, Senior Economist , ICRA

Advertorial ऑटो इंश्योरेंस बिल में किस प्रकार कमी लाएं अन्य प्रकार के इंश्योररेंस के विपरीत, ऑटो इंश्योरेंस अनिवार्य कानूनी आवश्यकता है और, दुर्भाग्य से, यह वह इंश्योरेंस है जो काफी महंगा हो सकता है।

Market Watch 13 May | 05:35PM| SENSEX NIFTY USD/INR GOLD 25489.57 ↓-300.65 7814.90 ↓-85.50 66.76 ↑0.14 30014.00 ↑113.00

Gainers Losers 13 May, 2016, 05:35PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Crest Ventures Ltd. 52.80 20.00 69725 52.80 43.00 Arrow Textiles Ltd. 43.25 19.97 295108 43.25 36.50 Tyche Industries Ltd. 58.90 19.96 187946 58.90 57.05

Tweet of the day... Oh gold! Why is Rakesh Jhunjhunwala asking you to invest in yellow metal?

FROM THE NEWSPAPER

Indian market very fertile, but you need patience to reap great returns Volatility is ruling as one after another negative news hits D-Street. Of 10 sessions in May, benchmark indices have closed in the red on 5 occasions. Morgan Stanley sees Sensex hitting 32,500 in bull-case scenario; top 20 bets Sensex could break out if the govt managed to get the GST bill cleared, a couple of rate cuts materialise and earnings growth see bounce, Morgan Stanley said. 5 stocks where global brokerages have tweaked ratings post Q4 nos Top global brokerage firms in separate notes to clients have tweaked their ratings as well as target prices for five stocks after March quarter results. Investors chasing growth drive up banking stocks, but for how long will the chase last? In a market that is going nowhere, impatient investors searching for growth and cheaper valuations are being driven towards ailing banking stocks. Railway tracks to be laid at 7.7km per day, Agartala brought under broad gauge Railways has commissioned around 4,800 km of broad gauge track in the last two years, sticking to innovative techniques that resulted in savings.

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