Bloodbath before Budget: Banks tank; Don't wait for market bottom!

THE ECONOMIC TIMES Tue, Feb 23, 2016 | 05:38 PM IST ET Market Watch Newsletter

Bloodbath before Budget 2016: 4 reasons that caused the Sensex to crash 400 points Different Dalal Street analysts had different prognosis for the market crash. However, many of them cited four key reasons to explain the big selloff. Mapping the market: It's 0-2 between largecaps and midcaps; banks tank Banking and financial stocks took heaviest beating in the carnage that spread across sectors. Fresh drop in crude prices spooked equity markets the world over. Surprise NTPC OFS sends out mixed signals on government's finances and what's coming in the Budget 2016 With no sign of any improvement in the outlook for commodities, it is unlikely that the share sale programme will gain momentum anytime soon.

InterviewOne to One Two days before the budget and two days after the budget you will see a lot of phobia around this event. After that t... Rajat Rajgarhia ,CEO,Motilal Oswal Securities

Market Watch 23 Feb | 05:38PM| SENSEX NIFTY USD/INR GOLD 23410.18 ↓-378.61 7109.55 ↓-125.00 68.58 ↓-0.03 29170.00 ↑204.00

Gainers Losers 23 Feb, 2016, 05:38PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Birla Cotsyn (India) Ltd. 0.05 25.00 3210497 0.05 0.04 Wallfort Financial Services Ltd. 64.05 19.94 221 64.05 51.00 TCI Finance Ltd. 23.80 19.90 32255 23.80 20.20

FROM THE NEWSPAPER

Budget 2016: India's fiscal metrics to remain weaker than peers, says Moody's Jaitley will reveal if the credit-positive five-year trend of narrowing budget deficits - from 6.5% of GDP in fiscal 2010 to 4.1% in 2014-15 - will continue. Rail Budget to unveil massive plan with Rs 1.25 lakh crore increased outlay While announcement of new trains is unlikely for the second consecutive year, a scheme for high-speed parcel trains is slated to be unveiled. Better late than never: Top Budget bets from various brokerages just for you Can Finance Minister pull off a good balancing act by addressing key concerns of the economy without compromising on fiscal consolidation? Buy before Budget 2016? Investment ideas to make the most out of jittery market Analysts on the Street expect the market to remain sluggish as there is nervousness among investors with respect to the Budget for the first time in many years. Don't wait for market bottom, begin stock picking now: 8 top stock ideas Analysts say the domestic market has turned a fertile ground for stock picking and going for stocks with earnings visibility can prove good bets for investors.

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