Sensex wipes off entire gain of 2016, slips below 26k; Top FII bets on Indian stocks; TCS CEO sees solid Q3

ET Markets Daily Brief | Mon, Nov 21, 2016 | 04:19 PM IST Follow ET Markets

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2 weeks of cash pain to mean 20 years of gains in stocks; go, pick value bets The cash squeeze will certainly hurt growth to some extent in the short term, but in the long run, it will be positive for India's structural story. Sensex wipes off entire gain of 2016 in 8 sessions, on course to end year in the red By midday November 21, the domestic equity market wiped off all the gains of the calendar year, after several brokerage houses slashed Sensex targets. India Inc to see strongest profit growth over 18 months: Moody's The brokerage expects strongest profit growth among corporates in India underpinned by sustained economic growth, capacity add-ons and higher commodity prices.

Interview One to One There is a lot of jitteriness not just because of demonetisation but also because in America we can see which way US ... Saurabh Mukherjea , Ambit Capital

Advertorial Webinar: Demonetisation and Trump impact: Market full of opportunity after big correction Join Sunil Subramaniam, CEO, Sundaram Mutual Fund, at 4 pm on 22nd Nov as he shares market outlook and the investment strategies one can use now

Market Watch 21 Nov | 04:19PM| SENSEX NIFTY USD/INR GOLD 25765.14 ↓-385.10 7929.10 ↓-145.00 68.17 ↑0.03 29080.00 ↑143.00

Gainers Losers 21 Nov, 2016, 04:19PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Landmarc Leisure Corporation Ltd. 0.80 17.65 75430 0.81 0.60 Velan Hotels Ltd. 6.30 16.67 1003 6.30 5.40 Vitan Agro Industries Ltd. 17.65 14.61 16760 18.00 17.00

Tweet of the day... We are in the middle of a bear market, book your losses and move on

FROM THE NEWSPAPER

BLOG: Look who moved the market all through the day A strengthening US dollar and rising US bond yields continued to roil markets amid fears that Trumponomics would accelerate fund outflows from emerging markets. Top FII bets on Asia's worst stock market India, and not world's best bonds The NSE Nifty 50 Index has skid almost 8% so far this month, the worst performance in Asia, while Indian government securities are the region's biggest gainers. Only 4% of global fund managers overweight on emerging markets now! Where does India stand? The BofA-ML survey showed an overwhelming 84 per cent of the respondents think protectionism is a risk to stability in financial markets. TCS CEO sees solid Q3, rampup in retail and domestic businesses BFS as a sector has gone through one of the toughest times in last 5 years, he said, adding there was pentup demand in BFS even as some clients have shrunken. Top oil traders say volatility is coming amid Opec, Trump uncertainties Wagers on higher and lower prices held by speculators and hedgers reached 1.47 million contracts in the week ended November 15, the most since 2007.

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