So far in September, the S&P BSE Small-cap index has gained nearly 3 per cent as compared to a modest 0.2 per cent dip in the S&P BSE Sensex.
Navi Mutual Fund (MF), among the latest entrants in the Rs 35-trillion industry, is looking to make a mark in the passive investment space, which is gaining traction in the country. The Flipkart co-founder Sachin Bansal-led fund house filed seven offer documents with the market regulator Securities and Exchange Board of India (Sebi) on a single day this week. Some of the schemes Navi MF plans to launch are Navi NASDAQ 100 Fund of Fund, Navi Nifty Commodities Index Fund, Navi Nifty 100 ESG Index Fund.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
HDFC and Infosys contribute the most to today's rally.
ICICI Bank was the top Sensex gainer after S&P Global Ratings affirmed its 'BBB-' long-term issue ratings on the senior unsecured bonds.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
rediffGURU Nikunj Saraf suggests considering small-cap, mid-cap, and multi-cap mutual funds.
Sustained selling in technology and select stocks saw the index slip to a low of 20,662 -- down 324 points from the day's high. The Smallcap Index advanced 1.4% to 12,869, and the Midcap Index added 1% to 9537.
Satyam, Reliance Communications and Bharti Airtel declined 1.7% each to Rs 451, Rs 731 and Rs 966, respectively.
The Sensex finally finished on a flat note at 10,752, up 8 points.
The markets opened flat and slipped in the negative terrain taking cues from weak Asian peers.
The markets opened on negative note as traders booking profits at higher levels
the Nifty added 23 points to end the day at 5,565.
Once a quality stock has been bought, the next challenge is to hold on to it -- no mean feat in this age of information overload and incessant noise.
Fund managers of large-cap and equity-linked saving schemes (ELSS) have demonstrated a marked improvement in their performance over the past year, according to the latest SPIVA (S&P Indices Versus Active) report released by S&P Dow Jones Indices. In the one-year period ending June 2023, 17 per cent of active large-cap schemes outperformed the S&P BSE 100, compared to just 9 per cent at the end of June 2022. In the case of ELSS, there was a sharp improvement in performance, with 66 per cent of active schemes delivering better returns than the benchmark S&P BSE 200.
The Nifty ended comfortably above the crucial 5500 mark at 5546, up 64 points.
The markets opened today on weak note in line with its Asian peers
The markets continue to consolidate at the higher levels and ended the day on a flat note with selective buying seen in index pivotals.
The markets have opened strong in morning session as FMCG, telecom, oil, banking, power, metal and some technology stocks
Markets surged in late trades to end near their three-month highs, amid strong global cues, led by gains in ITC and short covering in bank shares.
What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.
The Sensex closed at 12,009.59 up 37 points. The Nifty gained 7 points to close at 3,479.
The Sensex closed at 11,853.85 down 79 points. The Nifty lost 23 points to close at 3,455.
The Nifty is at 5942, up 59 points. The market breadth is positive. Out of 2989 stocks traded on the BSE, there are 1782 advancing stocks as against 1125 declines.
The markets opened in green tracking its Asian peers
Benchmark equity indices Sensex and Nifty slumped over 1 per cent on Friday, tracking a weak trend in global markets and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tumbled 1,017.23 points or 1.24 per cent to settle at 81,183.93.
The Nifty shut shop just shy of the elusive 5500 mark at 5486, up 46 points.
From the Sensex basket, Asian Paints, Sun Pharma, HDFC Bank, Tata Consultancy Services, Axis Bank, Tata Steel, JSW Steel, Larsen & Toubro, ICICI Bank and Power Grid were the major gainers. Tata Motors dropped over 8 per cent despite reporting over three-fold jump in consolidated net profit at Rs 17,528.59 crore for the fourth quarter ended March 31, 2024. NTPC, Bharti Airtel, Titan, State Bank of India and Nestle were the other major laggards.
From the 30 Sensex firms, Larsen & Toubro, Reliance Industries, Axis Bank, Asian Paints, Tata Motors, Bajaj Finance, Maruti, Bajaj Finserv, Kotak Mahindra Bank, Titan, Adani Ports and HDFC Bank were the major laggards. JSW Steel emerged as the only gainer.
The Sensex closed at 13,340, down 42 points. The Nifty lost 16 points to close at 3,816.
The Sensex finished above the psychologically key 60,000-mark while the Nifty surged past the 18,000-level on Monday on across-the-board buying amid a mixed trend overseas. A depreciating rupee and concerns over the US Federal Reserve hiking rates later this week failed to quell investors' appetite for stocks, traders said. The 30-share BSE Sensex rallied 786.74 points or 1.31 per cent to settle at 60,746.59.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
The 30-share BSE Sensex opened 13 points higher at 13,398.
The markets have opened in the red as global peers were down and heavy profit booking was seen in technology, metal, power, auto, cement and telecommunication stocks.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
The benchmark Sensex on Tuesday surged to a new high, gaining more than 113 points in early trade on the Bombay Stock Exchange
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