Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

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.

Just Released: Multibagger Stocks Guide
(2018 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

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

Equitymaster requests your view! Post a comment on "Of Crash in Bitcoin, Correction in MidCap and SmallCap Indices and Top Stocks in Action Today". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Feb 21, 2018 (Close)