Indian equities

The net profit rose to Rs 1,085 crore from Rs 727 crore during the corresponding period of the previous fiscal. Besides, the lender's net interest income rose by 8.88 per cent to Rs 7,174 crore during the quarter ended December 31, 2021, compared to Rs 6,590 crore in the corresponding period of the previous fiscal.

Jefferies analyst, Wood in his column said the Sensex will hit 100,000 during FY27 or sometime in late 2026 based on such assumptions. The Sensex is currently 58,788. This may seem an aggressive assumption. But in GREED & fear experience India has always been a stock market for growth investors with the multiple to go with it.

Also, subdued global cues weighed on the broader market sentiment on Friday. Thus, Sensex settled at 58,644 points, down 0.2 per cent or 143 points, and Nifty at 17,516 points, down 0.3 per cent or 43 points. Among the sectoral indices, Nifty realty, PSU bank, media, and auto declined sharply during the session, while Nifty FMCG, IT, and metal rose.

Sensex settled at 58,862 points, up 1.5 per cent, whereas Nifty settled at 17,576 points, up 1.4 per cent. To sustain high growth rate, the Centre has earmarked a massive budgetary outlay of Rs 7.50 lakh crore for FY23. In her Budget speech to the Lok Sabha on Tuesday, Finance Minister Nirmala Sitharaman proposed to increase the capital budget outlay by over 35 per cent year-on-year.

Last week, the indices saw some sharp decline as the US Fed's Federal Open Market Committee in its latest meeting held on Wednesday said it was ready to tighten monetary policy on concerns of inflation.

The Economic Survey is an annual report card on the health of the economy which examines the performance of every sector and suggests future guidance. Indices saw some sharp decline in the past 2-3 sessions as the US Fed's Federal Open Market Committee in its latest meeting held on Wednesday said it was ready to tighten monetary policy on concerns of inflation.

According to the brokerage house, $13.5 billion in FIIs' outflows have taken place in the secondary markets since October 2021. "Domestic equities have also borne the brunt of rich valuations after a relentless rally post the bottom in March 2020," the brokerage house said. "While the Nifty-50 has corrected just 8 per cent from its October 2021 peak thus far, it is hiding the stress in the broader markets."

As per the data, profits have mostly been booked on the day when the Finance Minister tables the Finance Bill in the Parliament. Since 2012, including 'vote on account' the markets have given a negative return on seven occasions ranging from (-) 0.10 per cent to (-) 2.51 per cent. In terms of budget day, the biggest fall in the last decade was on FY21 Budget day, where the markets crashed nearly 2.5 per cent, while on the FY22 Budget day, it rose the most -- 4.7 per cent.

On Monday, Senses and Nifty declined around 2.6 per cent each as FIIs sold portfolios worth Rs 3,751.58 crore on BSE, NSE, and MSEI in the capital market segment, data revealed. The gains came after five consecutive sessions of fall in the indices.

Besides, high oil prices, upcoming budget and lacklustre quarterly results added to the volatility in the market. Though triggered on different counts, some analysts compared the day's fall to the 'Black Monday' crash in the US that took place in 1987. As per data, FIIs sold Rs 3,751.58 crore on BSE, NSE and MSEI in the capital market segment.