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Of Crash in Bitcoin, Correction in MidCap and SmallCap Indices and Top Stocks in Action Today
Wed, 17 Jan Pre-Open | Karan Janani, TM Team

Correction in the BSE MidCap and SmallCap Indices

The past year has seen the BSE MidCap and BSE SmallCap indices surging by 43.1% and 57.1% respectively. Taking a two year view these indices have produced mind-boggling return of 75.3% and 85.9% respectively.

This sharp run-up saw a decent correction yesterday as the MidCap and SmallCap index corrected by 1.7% and 2.2% respectively. Stocks such as National Aluminum Co, Federal Bank, IDFC Bank corrected by 7.9%, 7.5% and 6.4% respectively.

So, is the party in these indices nearing its end? The answer to this is not that simple. These indices have surged largely on the back of a hope rally. A strong recovery in the earnings would help sustain the expensive valuations at which these indices are trading currently. Provided the earnings do not recover, a crash like the one which we saw yesterday cannot be ruled out.

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Bitcoin Crashes to Level Below US$ 12,000

Bitcoin is crashing and it has fallen to levels below US$ 12,000. The cryptocurrency has lost almost 40% of its value since Mid-December when it was trading at US$ 20,000.

The crash was mainly on the back of a news that South Korea is considering banning the trading of cryptocurrencies.

Over the last three weeks we've introduced you to Tama-Richard Churchouse. He's one of the world's leading experts on crypto currencies. And his man in India... The Cryptowallah, Prasheel Vartak.

In case you missed it, here's a cryptocurrency Q&A with Tama in The 5 Minute WrapUp. And cryptos in the Indian context by Prasheel.

According to Tama, depending on how things pan out over the next few years, massive gains could potentially be yours for the taking. These gains could come from cryptocurrencies or from the blockchain technology. Join us here to unlock the best ideas and insights about the enigmatic world of cryptos.

Top Stocks in Action Today

The stocks of Den Networks, ICICI Lombard General Insurance Company, Multi Commodity Exchange of India (MCX), Hatsun Agro Product are expected to be in the news today as these companies declare their results for the quarter ending December 2017.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

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Stock Market Updates

SUVEN LIFE surged by 5%; BSE HEALTHCARE Index Up 1.4% (Today's Market)

May 22, 2018 03:23 PM

SUVEN LIFE share price has surged by 5% and its Current Market Price is Rs 190. The BSE HEALTHCARE is up by 1.35%. The top gainers in the BSE HEALTHCARE Index are SUVEN LIFE (up 5.29%) and DR. REDDYS LAB (up 7.00%). The top losers are SANOFI INDIA (down 0.02%) and TORRENT PHARMA (down 0.04%).

DR. REDDYS LAB surged by 7%; BSE HEALTHCARE Index Up 0.7% (Today's Market)

May 22, 2018 03:12 PM

DR. REDDYS LAB share price has surged by 7% and its Current Market Price is Rs 2,030. The BSE HEALTHCARE is up by 0.68%. The top gainers in the BSE HEALTHCARE Index is DR. REDDYS LAB (up 6.82%). The top losers are AJANTA PHARMA (down 0.01%) and LUPIN LTD (down 0.03%).

SBI surged by 5%; BSE BANKEX Index Up 0.6% (Today's Market)

May 22, 2018 02:16 PM

SBI share price has surged by 5% and its Current Market Price is Rs 260. The BSE BANKEX is up by 0.65%. The top gainers in the BSE BANKEX Index are SBI (up 5.06%) and PNB (up 5.88%). The top losers are AXIS BANK (down 0.22%) and KOTAK MAH. BANK (down 0.22%).

Indian Indices Trade Marginally Higher; Auto and Realty Stocks Witness Buying (Today's Market)

May 22, 2018 12:30 pm

The BSE Sensex is trading up by 96 points, while the NSE Nifty is trading up by 25 points.

ASHOK LEYLAND surged by 5%; BSE AUTO Index Up 1.0% (Today's Market)

May 22, 2018 11:13 AM

ASHOK LEYLAND share price has surged by 5% and its Current Market Price is Rs 141. The BSE AUTO is up by 0.99%. The top gainers in the BSE AUTO Index is ASHOK LEYLAND (up 5.17%). The top losers is M&M (down 0.18%).

NCC LTD surged by 5%; BSE REALTY Index Down 0.2% (Today's Market)

May 22, 2018 10:28 AM

NCC LTD share price has surged by 5% and its Current Market Price is Rs 103. The BSE REALTY is down by 0.19%. The top gainers in the BSE REALTY Index is NCC LTD (up 5.13%). The top losers are PHOENIX MILL (down 0.06%) and OBEROI REALTY (down 1.35%).

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May 16, 2018

The markets seem confused. They're neither going up nor down. What should investors do? Consider Safe Stocks. Here's the top 5 Safe Stocks in the market today.

How A Storm Destroyed Rain Industries... And a Superb Small Cap Stock I Recommend(Profit Hunter)

May 17, 2018

A mutual fund regulation could cause small cap prices to tank - If you haven't been paying attention to your small caps - now is the time to catch the opportunities that start pouring in.

Has the Indian Home Buyer Become Smarter?(Vivek Kaul's Diary)

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Looking Beyond the Colourful Prism of This Airline Company(Sector Info)

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