Equity Tips Expert: Market Is Moving Ahead With Fundamentals

A report of Rudra Investment Equity Tips Expert based on Global Financial Services Major Credit Suisse says that the Indian equity market has moved ahead of its fundamentals and investors should book the profits of increased valuation.

Increase market valuation

According to expert the valuation of Indian equity has increased due to the financial funding of savings. Apart from this, after the introduction of GST, reforms in corporate earnings outlook and Factors, such as India's relative flexibility among trade warms, are included.

Experts said in its research note that we are positive about the strengthening of corporate earnings. We believe that the overall market has gone far beyond fundamentals. Therefore, the pressure on the sale of Indian equities has come under pressure. Investors will be advised to book profits.

Sensex up 4000 points this year

Indian equity market is the only major market in which prices / earnings are shown in comparison to all other markets. So far this year, the benchmark Sensex has gained 4000 points, which is 12 per cent. At this time the index is trading around 38,000 points.

 Market pressure in near term

According to the Equity Tips Expert report, high interest rates and weak macroeconomic fundamentals may be seen in the equity market in the near term before the elections. Excessive GST clauses like weak macroeconomic fundamentals, anxiety on obtaining fiscal deficit targets, a record decline in rupee and rising prices of crude.

Equity Tips Expert: Sensex down 150 points, Sun Pharma Down

Rudra Investment Equity Tips Expert says about the impact of Asian Markets, Deficit and Rupee Decrease The flat market of the domestic market started on Friday. The Sensex lost 167 points when the market opened. The Nifty slipped below 11,500. However, the Sensex was 72 points higher at 38,315 level, while the Nifty rose 21 points to 11,558. But the market reached the red mark in the market by selling heavyweights Sun Pharma, ICICI Bank, HDFC Bank, HDFC, Maruti and SBI. In the sectoral index, there is only speed in auto and media on NSE.

Midcap - Smallcap shares also have broken

There is also pressure in mid-cap and small-cap stocks in early business. BSE's mid-cap index has dropped by 0.05 percent, while the Nifty Midcap 100 Index was down 0.26 percent. The BSE Small-Cap Index has rolled 0.09%.

What stocks fall, the boom in

During the business, Sun Pharma, Yes Bank, Power Grid, ICICI Bank, SBI, Maruti, Kotak Bank, ONGC, HDFC Bank, HDFC, ASBI, ITC have fallen. However, RIL has grown in Bajaj Auto, Coal India, Wipro, HUL, Infosys, Tata Steel.

Shock Reliance Naval

IDBI Bank NCLT has gone against Reliance Naval (Reliance Naval). IDBI Bank has petitioned in NCLT for loan default case of Rs. 1250 crores.

RIL allocates more than 42,000 shares

Reliance Industries has allocated equity shares. The company today allocated 42,190 equity shares of 10 rupees per employee stock option scheme.

The rupee lost the initial lead, 72 paise against dollar

The rupee started on Friday with firmness. But this strength can not last for a minute and the rupee broke the level of 72 per dollar. The rupee appreciated by 4 paise to 71.95 against the dollar. On Wednesday, the rupee was down 24 paise to close at 71.99 dollars, which is its all-time low. During trading, rupee broke 72 levels and reached a level of 72.11 at a time. The rupee was broken by the sudden rise in dollar buying by oil importers and banks.