Carnage on Dalal Street; World stocks shudder; Good time to buy stocks?

THE ECONOMIC TIMES Thu, Feb 11, 2016 | 06:28 PM IST ET Market Watch Newsletter

Carnage on Dalal Street: 807 points wiped off Sensex, Nifty below 7K It was black Thursday on D-St, as a global selloff saw benchmark indices break multiple support levels to post the biggest intraday loss since August 24, 2015. World stocks shudder as economy jitters take center stage An escalation in tensions between North and South Korea added to a litany of woes for markets that were already flustered by signs of slowing global growth. Did you say bear phase? 5 myths shattered about Indian market A 20 per cent fall in Sensex signifies the onset of a bear market. If the market stays around these levels for two months, the bear phase will get confirmed.

InterviewOne to One We are seeing clear signs of capitulation in the market and I think it is driven more by global rather than local fac... Pankaj Murarka ,Axis AMC

Market Watch 11 Feb | 06:28PM| SENSEX NIFTY USD/INR GOLD 22951.83 ↓-807.07 6976.35 ↓-239.35 68.29 ↑0.44 29453.00 ↑1136.00

Gainers Losers 11 Feb, 2016, 06:28PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Natco Economicals Ltd. 27.00 19.84 2301 27.03 27.00 Arnav Corporation Ltd. 1.63 15.60 1090 1.63 1.33 Energy Development Company Ltd. 43.50 12.11 106506 44.70 36.05

FROM THE NEWSPAPER

Will he give it a miss? What if FM skips fiscal deficit target in Budget Dalal Street is abuzz with speculation whether the FM will give his fiscal deficit target a miss this time around, given the huge pressure on his resources. Is it a good time to buy stocks? Yes, says Prashant Jain Market may correct for some time because of global problems, but since the local economy is improving, this is an opportunity to position yourself, says Jain. US economic recovery in doubt? Fed's Janet Yellen blames the world "Financial conditions in the United States have recently become less supportive of growth," she told the House Financial Services Committee. SBI net profit down 61% in Q3, gross NPA cross 5% The bank's gross non-performing assets touched Rs 72,792 cr or 5.1% of their total loans. After making provisions of Rs 7949 cr, its net NPA fell to 2.8%. Gold rises to near 2-year high, reaches Rs 29,290 At a 18-month high, it is the longest winning streak for gold this year. Moreover, a weaker rupee against the dollar led to the rise in gold prices.

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