US, Venezuela sink Dr Reddy's; market heading for a sharp correction! OMCs can still rally 26%

ET Markets Daily Brief | Tue, Jul 26, 2016 | 04:34 PM IST Follow ET Markets

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4 signals from Nifty50 charts that the market is heading for a sharp correction A day after Nifty50 touched a fresh 52-week high, Morgan Stanley said the market has been lifted by a tide of money that has entered the emerging markets. Up to 240% return in 3 years not enough! OMCs can still rally 26% BPCL, IOC, HPCL generated up to 29% returns in last one month. IOC has gained 28.70% in the past one month, HPCL 28.15 per cent and BPCL 16.27 per cent. Here's what happened on Dalal Street all through Tuesday

Interview One to One After the rally, expect markets to be range-bound... Daniel Morris, Senior Investment Strategist, BNP Paribas

Market Watch 26 Jul | 04:34PM| SENSEX NIFTY USD/INR GOLD 27976.52 ↓-118.82 8590.65 ↓-45.00 67.26 ↓-0.10 30868.00 ↓-39.00

Gainers Losers 26 Jul, 2016, 04:34PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Sahara Housingfina Corporation Ltd. 72.70 19.97 9138 72.70 68.00 Himalya International Ltd. 10.96 19.91 939468 10.96 9.65 Ortin Laboratories Ltd. 19.40 19.75 262649 19.40 16.45

Tweet of the day... Subir Gokarn an outstanding macro economist , will make a good governor: D Subbarao, Former RBI Governor

FROM THE NEWSPAPER

Rs 25,300 cr worth of NCDs coming to market near you, satiate your hunger for yield With bank fixed deposit rates no longer attractive in a falling interest rate scenario, fixed corporate debt is the hot cake investors can't have enough of. US, Venezuela sink Dr Reddy's; five key takeaways The slower profit growth was largely because of a decline in volume growth, particularly in the US market and loss of business in Venezuela. Better FII flow, rerating among top 5 reasons why GST bill will help market The GST seeks to create a seamless national market in the country by replacing a plethora of state-level taxes and central taxes with just one levy. Maruti Suzuki Q1 PAT beats Street estimates, up 24.9% YoY to Rs 1,486 crore Other income for the quarter stood at Rs 4,833 crore. Meanwhile, Ebitda margins contracted to 15.1 per cent from 16.3 per cent YoY. Reasons that sank Yahoo! could be reasons not letting you grow wealth Its original founders Jerry Yang and David Filo always chose the popular option or made decisions its shareholders thought was right.

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