Investors lose Rs 5 lakh crore in Friday fury; Why downtrend may accelerate ahead

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ET Markets Daily Brief | Fri, Feb 02, 2018 | 07:15 PM IST Follow ET Markets

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Tech view: Nifty forms Long Black Day, downtrend may accelerate Traders should make use of any rally towards the 10,900 level to lighten up long positions. F&O: Reduce leveraged positions, opt for hedging till this storm eases Nifty has broken the low of Budget day's 'high wave' candle and fell towards 10,736 level. Freaky Friday wipes out Rs 5 lakh crore of stock investor wealth Analysts see the correction as healthy and believe that the market is in a long-term bull run.

Interview One to One "We are long-term investors but at margin, that will make it less attractive"....

Advertorial Send your Budget wish to the FM, win a hamper Post a video upto 90 secs here using #ETBudgetWishlist and grab the opportunity.

Advertorial Making your first mutual fund investment Investors should also read the scheme related documents and understand the investment objective of the mutual fund scheme, know the securities in the scheme where money will be invested.

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 3.24 10.89 32.67 15.40 JM Core 11 Direct Plan-Growth 1.66 6.09 29.22 15.06 Invesco India Growth Fund Direct-Growth 3.10 12.44 35.62 14.87 Mirae Asset India Opportunities Fund Regular- Growth 3.18 10.49 31.72 14.51 Kotak Select Focus Fund Direct-Growth 2.39 7.57 26.91 14.22 Featured DSP BlackRock Constant Maturity 10Y G-Sec Fund Direct-Growth ★★★★★ -2.07 -4.15 -0.45 6.89 Start SIP

Market Watch 2 Feb | 07:15PM| SENSEX NIFTY USD/INR GOLD 35066.75 ↓-839.91 10760.60 ↓-256.30 64.07 ↑0.04 30481.00 ↓-24.00

Gainers Losers 2 Feb, 2018, 07:15PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low ISL Consulting Ltd. 20.95 15.43 100 20.95 20.95 TTK Healthcare Ltd. 944.55 12.07 24770 1011.35 805.05 Ad-Manum Finance Ltd. 39.85 11.47 605 40.00 33.50

Tweet of the day... Vakrangee crash: Over Rs 25,000 crore investor money gone in 5 days!

FROM THE NEWSPAPER

Grandfather clause in LTCG: Why it may be time to call up your tax lawyer For India-focused foreign funds, internalizing the new levy will mean a lower net asset value. FM Jaitley's Budget has the goodies for all sectoral investors Experts are unanimous that the rural thrust will create sustained consumption demand. Top analysts shoot five big holes in Jaitley's Budget The ambitious healthcare scheme announced in Budget 2018 is one such point of concern. 5 key factors that sparked market sell-off today Disappointment from Budget due to reintroduction of LTCG dampened market sentiment. View: FM needs to hear all sides before acting against cryptos Nothing is more powerful than an idea whose time has come.

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