MEMBER'S LOGINX
| Invalid Username / Password | ||||||||
| Invalid Captcha | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
Investment in securities market are subject to market risks. Read all the related documents carefully before investing
Grab Our Small Cap Recommendation
Service at a 60% Discount
- Home
- Todays Market
- Indian Stock Market News May 18, 2017
Indian Indices Continue Downtrend; Precious Metals Gain on Safe Haven Bets Thu, 18 May 01:30 pm
After opening the day marginally lower, the Indian share markets witnessed losses and went on to trade in the red. Sectoral indices are trading on a negative note with stocks from the realty sector and the consumer durables sector witnessing maximum selling pressure.
The BSE Sensex is trading down 148 points (down 0.5%) and the NSE Nifty is trading down 69 points (down 0.7%). Meanwhile, the BSE Mid Cap index is trading down by 1.2%, while the BSE Small Cap index> is trading down 1%. The rupee is trading at 64.37 to the US$.
In the news from the initial public offer (IPO) space... The IPO of Ahmedabad-based PSP Projects has been subscribed 13% on the second day of the bidding process today.
Retail demand came good with nearly half of the quota limit for retail individual investors (RIIs) seeing subscription.
The price band for the issue is set at Rs 205-210 per share.
Apart from the above, The IPO of IRB InvIT got listed at Rs 103.25 on Indian bourses today.
This was the first infrastructure investment trust to get listed and had been oversubscribed 8.57 times. The IPO was sold in the price band of Rs 100-102.
Speaking of IPOs, a dozen of IPOs are lined up in the upcoming months. And given the recent buoyancy surrounding IPOs, market participants are looking forward to most of the upcoming issues. The buoyancy in the IPO space can be seen from the huge retail participation in some of the recent IPOs.
Huge Retail Participation in IPOs
But no matter what picture the present trend paints, one should look at the fundamentals of the business and the attractiveness of valuations in each and every IPO.
In case you wish to run IPOs through a handy checklist, you can download our Handbook of IPOs.
Moving on to the news from the commodity markets... Precious metals gold and silver are witnessing buying interest today.
Most of the gains are seen on the back of the political turmoil in the United States and tempered expectations for an aggressive string of interest rate hikes by the US Fed.
The above developments have meant more safe-haven bets for precious metals and have aided gold and silver prices.
To keep a tab on the movements in gold, silver and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency and commodity markets.
In the news from global financial markets, most of the volatility for global stock markets is seen on the back of political turmoil in the United States.
Reports showed political pressure deepened on US President Donald Trump after reports that he tried to interfere with a federal investigation.
The above developments bring us to the question of how can one make money in a rising yet volatile market?
We believe a few super investors could provide the clue. These are the guys who've beaten the markets black and blue and have an eye for multi bagger stocks irrespective of the macro environment.
With respect to which super investors to follow, my colleague Kunal and Rohan have could be of great help courtesy their project, The Super Investors of India.
To know more about these super investors and their stock picking approach, download a free copy of -The Super Investors Of India.
For information on how to pick stocks that have the potential to deliver big returns, download our special report now!
Read the latest Market Commentary
Indian Share Market Update: Top Gainers and Losers
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Multibagger Penny Stocks
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Best Small-cap Stocks to Buy
- Best Bluechip Stocks to Buy
- Guide to Penny Stocks
- How to Invest in the Share Market
- Warren Buffett - The Value Investor
- Pick the Best Multibagger Stocks
TRENDING TOPICS
Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407
Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com
LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
Equitymaster requests your view! Post a comment on "Indian Indices Continue Downtrend; Precious Metals Gain on Safe Haven Bets". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!