Mid cap stocks (and subsequently mid cap funds) have been the worst hit in the recent stock market crash. Investors who added mid cap investments to their portfolios without understanding their true nature are a dismayed lot. Typically, mid caps are presented as an opportunity to make quick money; sadly, investors are rarely made aware of the higher risk involved. While there is no doubt that if identified correctly, mid caps can contribute significantly.
However, weakness in RIL and ONGC dragged Nifty below 6,500.
SBI reached its highest level since May 2011; ONGC and RIL also had a good day.
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HDFC Bank, Tata Steel and Tata Motors among top losers for the day.
Capital goods and banking stocks catapulted the indices.
the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at 12,086.70. Axis Bank was the top gainer in the Sensex pack, rallying 4.21 per cent, followed by Vedanta 3.75 per cent, SBI 3.39 per cent, Maruti 3.20 per cent, IndusInd Bank 3.07 per cent and Yes Bank 2.87 per cent. Bharti Airtel slipped 1.98 per cent, Kotak Bank 1.38 per cent, Bajaj Auto 0.88 per cent, Asian Paints 0.31 per cent, HDFC Bank 0.05 per cent and HUL 0.03 per cent.
The markets snapped their three-day losing streak due to buying in index heavyweights and a rebound in IT stocks.
The NIfty shut shop at 60,35, gaining 17 points. Market breadth was marginally positive. Out of 3,086 stocks traded, 1,548 advanced while 1,438 declined.
The 30-share Sensex ended flat at 21,833 and 50-share Nifty gained 7 points at 6,524.
The 30-share Sensex ended up 40 points at 20,891 mark and the 50-share Nifty ended up 14 points at 6,203 levels.
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TCS, ICICI Bank, Tata Motors and Tata Steel among the top losers for the day.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
Banks and Capital Goods scrips among the top losers in noon deals.
Coal India moved higher by over 3% to Rs 263, despite of weak April-June (Q1FY14) results, on expectation of earnings improvement by going forward.
Hindustan Unilever and pharma stocks were on buyers' radar; rate-sensitives faced jitters ahead of the credit policy.
Mid and small-cap stocks have been the stars of Indian stock markets this year. Recognising this, mutual funds have launched a plethora of schemes targeted at this universe of stocks this year.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Top losers in the Sensex pack on Friday included Bajaj Finance, ONGC, IndusInd Bank, PowerGrid, L&T, Axis Bank, NTPC, Bharti Airtel, HDFC, HDFC Bank and Kotak Mahindra Bank, falling up to 2.08 per cent.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Sensex closed flat at 11,149.17 up 4 points. The Nifty gained 6 points to close at 3260.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The 30-share BSE Sensex is up 269 points at 9199. The NSE Nifty is up 82 points at 2714.
The markets are once again in a bear hug and the Sensex at 1400 hrs is down 133 points at 8,930.
At close, the Sensex was up 0.7% or 124 points at 18,789 and the Nifty gained 0.8% or 46 points to end at 5,565.
Short covering in index heavyweights like HDFC, HDFC Bank and TCS aided the upmove.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
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.
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
The markets have opened on a positive note but soon weakness began to set in
The markets continue to trade at the higher level on the back of buying in scrips across sectors
Heavyweights like Reliance, L&T, Tata Motors, ICICI Bank, HDFC Bank, Bharti Airtel, TCS, ONGC and SBI among the draggers.
The markets have opened on positive note despite of worries in Middle East countries and mixed trade in Asian markets
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
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