Market turns shaky and there's nowhere to hide; Capital goods stocks down 60% from 52-week highs!

ET Markets Daily Brief | Wed, Apr 06, 2016 | 04:56 PM IST Follow ET Markets

Market turns shaky & there's nowhere to hide! Pharma, IT, FMCG all look risky With the market's capitulation on Tuesday, fears of poor earnings growth and weakening sentiments are back to haunt D-Street. Benchmark indices are down 5%. Why RBI kept rate cut at 25 bps when it could do 50 bps If you are still nursing your grievance against the RBI for not making it 50 bps when it had all reasons to do so, know that there was a method in the madness. Here's what happened on Dalal Street all through Wednesday If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

Interview One to One From January to February, markets was downward spiral that seems to have got reverse. So we are in a kind of a buy on... Piyush Garg ,EVP & CIO,ICICI Securities

Market Watch 6 Apr | 04:56PM| SENSEX NIFTY USD/INR GOLD 24900.63 ↑17.04 7614.35 ↑11.15 66.66 ↑0.19 28744.00 ↓-17.00

Gainers Losers 6 Apr, 2016, 04:56PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Birla Cotsyn (India) Ltd. 0.05 25.00 3425554 0.05 0.04 Nu Tek India Ltd. 0.66 20.00 119441 0.66 0.56 A2Z Infra Engineering Ltd. 24.60 20.00 246227 24.60 20.70

Tweet of the day... Demand picks up slowly for Equitas IPO, issue going to close tomorrow

FROM THE NEWSPAPER

Capital goods stocks down 60% from 52-week highs, best time to buy them The worst may not be over for capital goods stocks. But, if investors are ready to hold the stocks for more 1-2 years, it is the best time to accumulate them. Market can rise up to 5% from current level; 5 stocks to look at "If you get earnings growth in the range of 5-10% , then the market could rise, let us say, 5 per cent from here. That is probably the best I can think of at this point." Buy banks, consumption & NBFCs stocks to benefit from RBI rate cut BofA-ML said private banks have almost 40 per cent of their loans to the retail segment, which will be the biggest beneficiary of the central bank's rate cut. Textiles, pharma firms topped the table in stock splits in FY16; who will lead in FY17? As many as listed 50 companies, including Bata India, Natco Pharma and Titagarh Wagons, went for stock splits during the tough financial year in 2015-16. Day after, D-Street takes comfort there is scope for more rate cuts Sensex bounced back and was trading with a positive bias on Wednesday after a 500-point drop on Tuesday, which took the index below its key support level at 25,000.

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