Why Sensex plunged over 400 pts today; Thyrocare IPO sails through

ET Markets Daily Brief | Thu, Apr 28, 2016 | 06:14 PM IST Follow ET Markets

4 reasons why Sensex plunged over 400 points on Thursday Nifty50 lost over 100 points, which took the index below its 200 DMA placed at 7,850, weighed down by losses in power, IT, capital goods and auto stocks. Sell in May and go away! Will old adage haunt Dalal Street this year? This old adage that cautions investors to sell stocks in May, hold cash and come back to the market around November seems to be losing its relevance. Tech view: Nifty50 forms an Evening Star pattern on charts; time to short? Based on Thursday's chart pattern, technical experts are not advising investors to go short on the index as there could be a bounceback over the next few sessions.

Interview One to One It would take two to three quarters for India Inc's earnings growth to reach the mArun Gopalanic double-digit thresho... Arun Gopalan, Vice-President, Systematix Shares & Stocks India

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Market Watch 28 Apr | 06:14PM| SENSEX NIFTY USD/INR GOLD 25603.10 ↓-461.02 7847.25 ↓-132.65 66.52 ↑0.07 29509.00 ↑126.00

Gainers Losers 28 Apr, 2016, 06:14PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Tarmat Ltd. 34.80 20.00 25151 34.80 31.00 Smruthi Organics Ltd. 127.60 19.92 16767 127.60 104.00 Lumax Automotive Systems Ltd. 43.15 16.78 245528 44.30 37.25

Tweet of the day... Opec bid to throw US out of oil market seems to have backfired

FROM THE NEWSPAPER

Here's what happened on Dalal Street all through Thursday 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. Hence this effort to keep you up to date on LIVE market. IPO update: Thyrocare Tech IPO sails through, subscribed 2.24 times The issue, which had received bids for 56 per cent of the issue size on Day 1, got bids for 2.24 times the shares on offer, NSE data on cumulative bids showed. Ujjivan Financial Services IPO subscribed 21% on Day 1 According to data available with NSE, the issue has received cumulative bids for 62.49 lakh shares against the total issue size of 2.96 crore shares. Five stocks which have faced re-rating by global brokerages after Q4 results On an aggregative basis, net profit reported by 109 companies has plunged 16.37% on a year-on-year basis to Rs 23,796 crore and 26.77% sequentially. BoJ stays put: But it means a lot for dollar & Fed hike: Here's how The move came as a big disappointment to global equity markets. Consumer inflation hit its lowest level in two years as per a recent Bank of Japan survey.

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