D-St enters bear market; Banks bleed again, but tyre scrips in top gear

THE ECONOMIC TIMES Wed, Feb 10, 2016 | 06:35 PM IST ET Market Watch Newsletter

Can PSU banks be a multibagger opportunity for stock investors? Most of the PSBs have plunged more than 50 per cent in the past 12 months, which include names like BoI (down 60%), OBC (down 57%), Canara Bank (down 55%). Mapping the market: Bank stocks bleed again, but tyre scrips get into top gear 8 out of 10 BSE-listed stocks ended the day in the red, as Sensex slipped to its 52-week low level. With Wednesday's losses, the index has entered bear phase. It's official, D-St enters bear market; Rs 11 lakh crore investor wealth gone With today's loss, the domestic market has crashed 20% from its record high of 2015. Rs 11 lakh crore of investor wealth has been eroded so far this year.

InterviewOne to One I do not think the market is cheap. My reading of the global situation is, leave aside India, more pain for equities ... Saurabh Mukherjea ,CEO, Institutional Equities,Ambit Capital

Market Watch 10 Feb | 06:35PM| SENSEX NIFTY USD/INR GOLD 23758.90 ↓-262.08 7215.70 ↓-82.50 67.85 ↓-0.05 28107.00 ↓-330.00

Gainers Losers 10 Feb, 2016, 06:35PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Natco Economicals Ltd. 22.53 19.97 2600 22.53 22.53 Cals Refineries Ltd. 0.07 16.67 4847736 0.07 0.06 G M Breweries Ltd. 824.75 16.53 81996 836.00 687.00

FROM THE NEWSPAPER

Dear FM, please junk one-size-fits-all tax deductions with tax credit system It's that time of the year again when industry representatives make their annual pilgrimage to the FM's office, carrying their prayers--a list of suggestions. We make in India for the world: Oracle CEO Safra Catz "Our entire product lines are done out of here, India is our front office...it is from where were we serve the world," Catz said. Five deadly mistakes you must avoid when the stock market turns volatile But retail investors are often driven by frenzy and herd mentality. Street veterans warn investors to avoid crucial mistakes that can ruin their portfolios. Sensex@24,000; Indian stocks are now in a buying range: Marc Faber The Swiss investor said Indian stocks are more reasonably priced than they were six months ago. Going forward, sector selection will become more important. Government hikes import tariff value on gold and silver For the first fortnight of this month, the import tariff value on gold was fixed at USD 363 per 10 gram and on silver was USD 443 per kg.

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