Sensex tanks; TeamLease IPO opens; Who will have the last laugh once dust settles on D-St?

THE ECONOMIC TIMES Tue, Feb 02, 2016 | 05:26 PM IST ET Market Watch Newsletter

SIP investors will have the last laugh once the dust settles on Dalal Street Retail investors who have invested in domestic equity through SIPs should end up having the last laugh even if the domestic market continues to decline. Sensex tanks 286 points on global cues; Nifty50 tests 7,450 Equity indices gyrated between gains and losses all through Tuesday before taking a plunge towards the end of the session; Dovish RBI policy didn't help much. TeamLease raises Rs 190 cr from anchor investors: IPO opens, analysts' view While some say the company is a leading player in its domain and has seen 30 per cent growth CAGR over FY11-15, others find the valuations too high.

Interview One to One "One can expect a 6-8 per cent correction in the Nifty50 but valuations, in that case, would have turned attractive e... Amar Ambani ,Head of Research,IIFL

Market Watch 2 Feb | 05:26PM SENSEX 24539.00↓-285.83 NIFTY 7455.55↓-100.40 USD/INR 67.98↑0.14 GOLD (Rs/10g.) 26845.00↑63.00

Gainers Losers 2 Feb, 2016, 05:26PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Elegant Marbles & Grani Industries Ltd. 96.30 20.00 4965 96.30 77.50 Nitta Gelatin India Ltd. 201.10 19.99 195187 201.10 196.10 Raj Rayon Industries Ltd. 0.57 18.75 10500 0.57 0.54

FROM THE NEWSPAPER

Rajan leaves policy rates unchanged: Five key takeaways for stock market RBI, on expected lines, decided to keep policy rates on hold at 6.75%. It also kept the CRR of scheduled banks unchanged at 4% of net demand and time liability. Oil falls on China economic woes, rising OPEC supply Gasoline stocks likely rose 1.3 million barrels last week, while distillate inventories, which include heating oil and diesel fuel, were seen falling 1.7 million barrels. New gold rule backfires, boosts unofficial trade The rule forcing buyers of high-value jewellery to disclose their PAN has boosted unofficial trading rather than promote transparency and dent demand. InterGlobe falls from grace, slumps below listing price The stock became the darling of investors after its listing, but has fallen 63% from its 52-week high of Rs 1,394 hit to slip below its listing price of Rs 856. What should investors do after Tuesday's big selloff in market Even though the RBI maintained an accommodative stance, experts felt it would be 3-4 months before the central bank is finally in a position to cut rates.

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