15 biggest wealth destroyers of 2018; ICICI Bank Q4 profit halves as provisions spike

ET Markets Daily Brief | Mon, May 07, 2018 | 07:46 PM IST Follow ET Markets

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Tech view: Nifty50 forms a bullish candle; may rally once above 10,780 The bulls appear to have made a strong comeback, as Nifty made a solid bullish candle. ICICI Bank Q4 profit drops 50% to Rs 1,020 crore as provisions spike Provisions for the quarter jumped 128.61 per cent to Rs 6,625.75 crore. F&O: Nifty negates lower highs & lower lows as buying emerges As long as Nifty holds above 10,680, it can extend rally towards 10,780 and then 10,800.

Interview One to One By the end of this year, I expect the Nifty to touch 11,800.... Gautam Shah , JM Financial

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 1.41 -2.98 11.14 15.69 Invesco India Growth Opportunities Fund Direct-Growth 4.26 5.82 23.52 15.37 Kotak Select Focus Fund Direct-Growth 2.63 -0.43 9.81 14.69 Mirae Asset India Equity Fund Direct- Growth 3.95 -0.81 14.25 14.58 JM Multi Strategy Direct Plan-Growth 1.66 -3.44 7.02 13.90 Featured DSP BlackRock Short Term Direct Plan-Growth ★★★★★ -0.46 1.41 5.97 7.85 Start SIP

Market Watch 7 May | 07:46PM| SENSEX NIFTY USD/INR GOLD 35208.14 ↑292.76 10715.50 ↑97.25 67.14 ↑0.27 31263.00 ↑149.00

Gainers Losers 7 May, 2018, 07:46PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low PC Jeweller Ltd. 240.70 37.90 19611980 244.00 192.00 Ridings Consulting Engineers India Ltd. 23.40 20.00 56000 23.40 21.45 Brooks Laboratories Ltd. 105.15 19.97 77632 105.15 88.20

Tweet of the day... Rupee breaks below 67 level to hit 15-month low; will it depreciate further?

FROM THE NEWSPAPER

15 popular stocks that eroded Rs 4,00,000 crore investors' wealth so far in 2018 PC Jeweller alone has eroded over Rs 13,000 crore of investor wealth so far this year. 10 stock ideas that brokerages say can deliver gains in 3 weeks The bulls ran out of steam on Dalal Street last week, owing to muted global cues. Halloween indicator at play in Mumbai summer? Look, who's selling this May The adage calls on investors to sell in May and come back to the market only after Halloween. Trends within a trend: Is this market in a Super Cycle? Investing is basically spread across two schools of thought: on price movement and how to predict it. Rakesh Jhunjhunwala hikes stake in Karur Vysya Bank The Big Bull scooped up 19,50,000 shares in March quarter.

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