Bulls & Bear Hfund of India

Stock market corrections are always painful. It is more so in the middle and lower end of the market. Corrections are also considered part and parcel of a bull market. But wait! It’s not that simple for investors in midcap and smallcap stocks. Strong retail participation in recent times changed the contours of the domestic market in such a way that a major plunge the midcap stocks at this stage could leave investors high and dry, and how!  Midcaps being the playground for retail investors and domestic mutual funds, they have limited cushion in the case of a sharp fall, compared with their largecap peers, which can have a much bigger backup from overseas portfolio investors as well as big domestic institutions.  “If we leave out the $2 billion market-cap companies, total market-cap of midcap and smallcap stocks has risen to Rs 28,00,000 crore till last week, which was a historical high. In the event of even a small corr ..  One per cent of Rs 28 lakh crore equals R...

The Dow Jones Industrial Average headed for its ninth straight record high close on Friday, with strong gains in JPMorgan Chase (NYSE: JPM ) and other banks after data showed U.S. employers hired more workers than expected in July. The strong jobs report is likely to clear the way for the Federal Reserve to announce a plan to start shrinking its $4.5 trillion bond portfolio in September, and could strengthen its case to raise rates for the third time this year in December. The Labor Department report showed nonfarm payrolls increased by 209,000 jobs last month, above the 183,000 rise expected by economists polled by Reuters. With banks standing to benefit from higher interest rates, the S&P financial index ( SPSY ) rose 0.6 percent. Goldman Sachs (N: GS ) rose 2.1 percent and was the top contributor to the Dow's gain for the day. Perceived chances of an interest rate hike by the U.S. central bank by the end of the year increased to 50 percent from 46 percent after the...