The trends of the Indian stock market 2018 were no less than a roller coaster ride for the listed companies. Many experts and analysts went wrong this year in predicting for about two-thirds of Nifty 50 companies. The market was pretty volatile with a crash in the benchmark index with about 14 percent in 40 trading sessions in the entire year. The highlights of the Indian market will be marked with the weakening of rupee, crude surge, ban on crypto trade, liquidity crisis faced by non-bank lenders and uncertainty in many state elections.
About 32 companies from the Nifty 50 stocks did not meet the target price estimates which were decided at the beginning of the year. Evidently, this year has recorded the second highest number of months with negative returns after 2011. A total of nine months suffered miserably registering a loss. Indeed, there is a diverse magnitude of volatility and growth levels for the market to be attained by the Indian equity markets. But, this year has affected even the big players of the Indian market which have global recognition, as mentioned by Business Today.
It was Adani Power that thrashed the forecast predictions with their results by capturing biggest margins and prices. Stock market 2018 trend was followed by Mindtree and NIIT Technologies that bounced back with about 76 percent higher margins as forecasted by analysts. In fact, Bata India and Larsen & Toubro Infotech also emerged as winners in their analysis projections.
According to Bloomberg Quint, Navkar Corporation Ltd. traded 76 percent below its target price and disappointed many with its performance at the beginning to this year. In addition to this, Mortgage lender Dewan Housing Finance Company Ltd. Also became deeply affected by the payment defaults at IL&FS Ltd.
There were a few listed companies which maintained their 12-month target price estimates and survived the uncertain stock market 2018. The software services exporters maintained their position in the market even when the rupee weakened a few months back. Tata Consultancy Services Ltd. emerged as the survivor of the market crunch.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]