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Sensex

The Bombay Stock Exchange (BSE) Sensex (Stock Exchange Sensitive Index) for today. The Sensex consists of the 30 largest and most actively traded stocks, representative of various sectors.Sensex Information is obtained from the BSEIndia.com website and may be delayed slightly.

Market Forecast for the Indian Investor

Investment opportunities in India are today perhaps at a peak. Supported by India's natural strengths, India offers investment opportunities in excess of US$850 billion in diverse sectors over the next five years. Its pool of technical skills, its base of an English-speaking populace with an increasing disposable income and its burgeoning market have all combined to enable India emerge as a viable partner to global industry.

Fast-growing disposable incomes, increased availability and use of consumer finance and credit cards complement the keenness of the average Indian to adapt to and assimilate global trends. This has led to the creation of a rapidly growing consumer base and one of the world’s largest markets for manufactured goods and services. Growth in key sectors like infrastructure, services and manufacturing continues at about 10-12% p.a. India has been ranked 1st by AT Kearney in a Global Retail Development Index of 30 developing countries and is seen as a potential gold mine.

Indian Business Headlines

Sensex falls marginally, 10-year yield unchanged

SBI Card sees over 50% transaction from online payments: CEO
Keeping a watch on the recent coronavirus resurgence in the country across some key locations, SBI Card MD and CEO Rama Mohan Rao Amara said it would be too early to say whether it will have any bearing on people's purchasing behaviour.

Farm bills introduced in Rajya Sabha; Tomar said MSP will continue
Agriculture Minister Narendra Singh Tomar on Sunday said minimum price or MSP based procurement of agriculture crops from farmers will continue and is not related to the farm bills that seek to give cultivators freedom to market their produce.

The myth today is H-1B visas are all taken by Indian companies: Nasscom
Indian IT cos take less than 12% of H-1B visas. The biggest takers of H-1B are the top US giants. And they are also the top-spenders on R&D. And that tells you why they are coming to India to take the people – because they need the talent, say Nasscom president Debjani Ghosh

Financial Market News

Overstretched Nifty technical setup and precariously low VIX all raising red flags
For the coming week, the main worry for the market will be its own overstretched technical setup. This, when read along with the precariously low VIX value, raises a red flat for the immediate short term.

China's cryptocurrency-mining crackdown spreads to Yunnan in southwest
In addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government is also concerned about speculation after a surge in the price of bitcoin.

MaxVIL Q4 results: Profit jumps multi-fold to Rs 34 cr; firm to foray into residential realty biz
Total income rose to Rs 333.93 crore in the fourth quarter of last fiscal from Rs 258.88 crore in the corresponding period of the previous year, according to a regulatory filing.

Bitcoin falls nearly 6% to $35,210; Ether drops 2.5%
Bitcoin, the world's biggest and best-known cryptocurrency, is down 45.7% from its 2021 high of $64,895.22 on April 14.

Latest BSE Top losers / Gainers <a href="https://economictimes.indiatimes.com/markets/overstretched-nifty-technical-setup-and-precariously-low-vix-all-raising-red-flags/articleshow/83460102.cms"><img width="100" height="75" border="0" hspace="10" align="left" src="https://img.etimg.com/photo/83460102.cms" /></a>For the coming week, the main worry for the market will be its own overstretched technical setup. This, when read along with the precariously low VIX value, raises a red flat for the immediate short term.
12 June 2021, 4:35am

Latest NSE Top losers / Gainers <a href="https://economictimes.indiatimes.com/markets/overstretched-nifty-technical-setup-and-precariously-low-vix-all-raising-red-flags/articleshow/83460102.cms"><img width="100" height="75" border="0" hspace="10" align="left" src="https://img.etimg.com/photo/83460102.cms" /></a>For the coming week, the main worry for the market will be its own overstretched technical setup. This, when read along with the precariously low VIX value, raises a red flat for the immediate short term.
12 June 2021, 4:35am

SENSEX
Chart data from iCharts

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Chart data from iCharts

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Market Forecast for the Indian Investor