Why Sensex tanked nearly 500 pts; Shankar Sharma says time to bet on midcaps, smallcaps; Monday meltdown unsettles IPO mart

ET Markets Daily Brief | Mon, Sep 12, 2016 | 04:39 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

Bet on midcaps, smallcaps for better returns: Shankar Sharma The emerging market index was up about 20-25 per cent from February's lows in dollar terms and that Monday's correction does not mean a trend reversal. Alarm bells! Global central banks less dovish now The European Central Bank's (ECB) Mario Draghi last week left its €1.7 trillion ($1.9 trillion) stimulus unchanged, disappointing global equities at large. Global market selloff may be different: Mohamed A. El-Erian The backdrop to the selloff was recent developments indicating that consensus market expectations have attached too low a probability to a US Fed rate hike this year.

Interview One to One SBI Blue Chip and Birla Sun Life Frontline top equity largecaps. A lot of money has started moving through the direct... Dhirendra Kumar, CEO, Value Research

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Market Watch 12 Sep | 04:39PM| SENSEX NIFTY USD/INR GOLD 28353.54 ↓-443.71 8715.60 ↓-151.10 66.90 ↑0.22 31103.00 ↓-114.00

Gainers Losers 12 Sep, 2016, 04:39PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Nimbus Foods Industries Ltd. 1.56 20.00 110329 1.56 1.30 Overseas Synthetics Ltd. 7.26 20.00 20300 7.26 5.70 Rane Brake Lining Ltd. 1236.75 20.00 130395 1236.75 982.85

Tweet of the day... Top eight money-making trading strategies for the next 5-21 sessions

FROM THE NEWSPAPER

Buying some of the falling stocks can spin big money Experts on Dalal Street said the 550-point correction in the Sensex on Monday would force weak hands to move out of the market ahead of a public holiday. Market on 'crash' course: 7 reasons why Sensex tanked The downturn was in line with the global turmoil after a prominent US policy maker on Friday hinted at a rate hike by the US Fed in the near future. Here's what happened on Dalal Street all through Monday We try to capture every action from the listed universe of India Inc; be it largecap, midcap or smallcap to keep you up-to-date on anything that may move your market. Monday meltdown haunts IPO mart: L&T Tech issue off to a slow start The issue has received bids for 1.5L shares against the total issue size of 72.80L shares. Retail investors bade for 3% of the quota limit of 36.40L shares. 17 domestic banks starved of cash to meet Basel capital norms Fitch believes half of domestic lenders are in danger of breaching capital triggers due to an increase in minimum capital requirements under Basel III norms.

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