Midcaps turn frothy, beware! PSU stocks may take a hit on GST and how!

ET Markets Daily Brief | Tue, Apr 11, 2017 | 04:40 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

GST all good, but you may like to give PSU stocks a miss this year; here's why Projections show GST implementation and its likely near-term impact on tax collections may lead to some pressure on the government's fiscal deficit targets. You thought markets are scientific? Then why does image matter more than facts? Doing good work alone is not enough; you must also be seen to be doing good work. And that is important; it may be sad but a fact of life, nevertheless. Akash Prakash, the man who predicted Nifty peak, made money with both hands The ace investor said 2017 would be a year of stock pickers. And he walked the talk. Some stocks held by his firm have risen up to 86% so far in 2017.

Interview One to One Earnings expectation in this quarter is not that high and people are looking at earnings growth really picking up in ... Mahesh Patil , Birla Sun Life MF

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Market Watch 11 Apr | 04:40PM| SENSEX NIFTY USD/INR GOLD 29788.35 ↑212.61 9237.00 ↑55.55 64.47 ↓-0.09 28795.00 ↑56.00

Gainers Losers 11 Apr, 2017, 04:40PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Muthoot Capital Services Ltd. 364.80 20.00 36157 364.80 314.00 Makers Laboratories Ltd. 121.20 20.00 58500 121.20 101.50 Eurotex Industries & Exports Ltd. 41.70 20.00 19557 41.70 36.00

Tweet of the day... Rupee rise may leave some with vertigo, exporters rush for cover

FROM THE NEWSPAPER

BLOG: Look who moved the market all through Tuesday A rising rupee, boiling crude oil prices and mixed global cues may make the domestic equity market consolidate further on Tuesday. Beware! Midcaps turn frothy, greed for alpha can drag your equity returns BSE Midcap, which hit its all-time of 12,031 on April 7, 2017, declined more as the aggressive (high-beta) stocks in the index are looking highly expensive India, China battle for top spot among best performing Asian markets in 2017 Sensex is leading the Asian race with 11% gain this calendar, compared with a 5.36% rise in the Shanghai Composite. Pakistan's KSI index is flat. New dawn for RBI rupee policy? Lack of intervention leaves traders surprised India's currency capped a seventh weekly gain Friday, the longest run since October 2010, with its 4.3% rally over the period being Asia's best performance. Saudis, oil majors discuss gas investments ahead of giant IPO Saudi officials explored investment opportunities with firms including BP and Chevron to help develop its gas reserves.

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