Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
Top gainers in the Sensex pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel and Bajaj Finance, rising up to 7 per cent.
Yes Bank was the top gainer in the Sensex pack rising 5.80 per cent, followed by Tata Motors, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Bank and Tata Steel.
Bajaj Finance was the top laggard in the Sensex pack, skidding over 2 per cent, followed by Kotak Bank, Nestle India, HDFC, M&M and ICICI Bank. ONGC was the top gainer, rallying around 8 per cent. NTPC, Asian Paints, Tech Mahindra, PowerGrid and IndusInd Bank were among the other winners.
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The Nifty ended at 6011, up 31 points. The broader markets also moved in tandem; the midcap index ended at 7627, higher by 18 points and the smallcap index ended at 9354, up 29 points.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Nifty gained 31 points to end at 5,592.
Infosys, TCS and Wipro gained 1-3% contributing the most to the Sensex gains.
ICICI Bank topped the Sensex gainers' chart, spurting 5.09 per cent, followed by L&T, Bharti Airtel, Vedanta and Tata Motors, rising up to 4.60 per cent.
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.
The markets ended lower on FII outflows and concerns over rising inflation.
PSU banks and OMCs among the top gainers.
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.
Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank. On the other hand, M&M, Infosys, Asian Paints, UltraTech Cement and Tech Mahindra were among the gainers.
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.
HDFC Bank, Tata Steel and Tata Motors among top losers for the day.
Capital goods and banking stocks catapulted the indices.
The markets snapped their three-day losing streak due to buying in index heavyweights and a rebound in IT stocks.
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.
TCS, ICICI Bank, Tata Motors and Tata Steel among the top losers for the day.
Banks and Capital Goods scrips among the top losers in noon deals.
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.
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.
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.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
The Sensex closed flat at 11,149.17 up 4 points. The Nifty gained 6 points to close at 3260.
Hindustan Unilever and pharma stocks were on buyers' radar; rate-sensitives faced jitters ahead of the credit policy.
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.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
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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
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
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