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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.

Just Released: Multibagger Stocks Guide
(2018 Edition)

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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

CUMMINS INDIA Surges by 5%; BSE CAPITAL GOODS Index Up 3.7% (Today's Market)

Aug 20, 2018 03:32 PM

CUMMINS INDIA share price has surged by 5% and its current market price is Rs 712. The BSE CAPITAL GOODS is up by 3.7%. The top gainers in the BSE CAPITAL GOODS Index are CUMMINS INDIA (up 5.2%) and L&T (up 6.8%). The top losers are FINOLEX CABLES (down 0.1%) and VA TECH WABAG (down 0.1%).

ZENSAR TECHNOLOGIES at All Time High; BSE IT Index Down 1.1% (Today's Market)

Aug 20, 2018 03:32 PM

ZENSAR TECHNOLOGIES share price has hit an all time high at Rs 1,476 (up 6.5%). The BSE IT Index is down by 1.1%. Among the top gainers in the BSE IT Index today are ZENSAR TECHNOLOGIES (up 6.5%) and ORACLE FINANCIAL SERVICES (up 0.6%). The top losers include PERSISTENT SYSTEMS and TCS (down 0.1%).

RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 1.3% (Today's Market)

Aug 20, 2018 03:32 PM

RELIANCE IND. share price has hit an all time high at Rs 1,237 (up 2.7%). The BSE OIL & GAS Index is up by 1.3%. Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 2.7%) and INDRAPRASTHA GAS (up 2.8%). The top losers include BPCL (down 0.5%) and IOC (down 0.6%).

TTK PRESTIGE Plunges by 5%; BSE CONSUMER DURABLES Index Down 0.7% (Today's Market)

Aug 20, 2018 03:27 PM

TTK PRESTIGE share price has plunged by 5% and its current market price is Rs 6,389. The BSE CONSUMER DURABLES is down by 0.7%. The top gainers in the BSE CONSUMER DURABLES Index are VIP INDUSTRIES (up 1.4%) and CROMPTON GREAVES CONSUMER ELEC. (up 0.9%). The top losers is TTK PRESTIGE (down 5.2%)..

WELSPUN CORP Surges by 11%; BSE CAPITAL GOODS Index Up 3.8% (Today's Market)

Aug 20, 2018 03:21 PM

WELSPUN CORP share price has surged by 11% and its current market price is Rs 141. The BSE CAPITAL GOODS is up by 3.8%. The top gainers in the BSE CAPITAL GOODS Index is WELSPUN CORP (up 10.8%). The top losers are KALPATARU POWER (down 0.3%) and V GUARD IND. (down 0.3%).

Nifty Hits Fresh Record High; Sensex Up Over 330 Points (Today's Market)

Aug 20, 2018 12:30 pm

The BSE Sensex is trading up by 337 points, while the NSE Nifty is trading up by 87 points.

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