While analysts remains overweight on financials, property, discretionary, industrials and materials, they maintain a neutral stance on pharma, telecom and energy; and underweight on staples, utilities, and IT services.
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.
Kotak Bank was the top laggard in the Sensex pack, shedding over 2 per cent, followed by ITC, PowerGrid, M&M, HDFC, Asian Paints and NTPC. On the other hand, Maruti rallied over 4 per cent. Bharti Airtel, Axis Bank, IndusInd Bank and Bajaj Finance were also among the gainers.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
The S&P BSE 500 index, which accounts for 94% market capitalisation of BSE listed companies, has gained 45% from its March 24 low. However, out of the BSE 500 index stocks, 225 have underperformed the index by gaining less than the broader index during this period.
The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at close.
Why the case for investing in passive funds is becoming stronger.
Reliance Industries was the top gainer in the Sensex pack, rallying up to 15 per cent, followed by Kotak Bank, Maruti, HDFC twins, Titan, L&T and Axis Bank. On the other hand, IndusInd Bank, ONGC, ITC and Bajaj Auto closed with losses. the NSE Nifty settled 516.80 points, or 6.62 per cent, up at 8,317.85.
This NFO does not offer anything new and investors would be well advised to monitor its performance for 3 years before investing.
Reliance Industries Ltd (RIL) was the star performer in Friday's session, spurting over 6 per cent to its all-time high, Other Sensex gainers included Bajaj Finance, PowerGrid, ICICI Bank, Maruti, Axis Bank and SBI. On the other hand, IndusInd Bank, HCL Tech, ITC, M&M HDFC and Infosys shed up to 2.94 per cent.
The fund house says it is doing this to protect the interests of existing investors.
Gripped by the pre-election frenzy, Indian markets seem to be factoring in the victory by the Narendra Modi-led BJP.
Though most analysts expect the global central banks to keep the liquidity tap open, valuations of Indian markets, they say, are beginning to look stretched. Against this backdrop, they remain cautious, with some even expecting a minor correction from here on.
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
Investors continue to make losses on investments.
If new goals have emerged, this is the time to make fresh investments.
The markets regulator, Securities and Exchange Board of India (Sebi), recently introduced fresh guidelines to determine the place of a mutual fund (MF) on its riskometer tool.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
These are the top 8 out of 88 funds that the diversified equity fund category has to offer.
Top officials said asking employees other than the fund management team to mandatorily invest a fifth of their salary goes against the principle of natural justice.
The BSE Sensex jumped 70.42 points to end at 34,503.49, while the broader NSE Nifty finished at 10,651.20, up 19 points.
Stakes raised significantly in select companies during Dec quarter, pushing sectoral indices up more than larger peers.
Staggered pull-out will help investors if the market continues to rise.
This is the highest closing for both the indices since May 15.
These include Adani Enterprises, BEML, TVS Motor, KEC International, Sintex Industries, Ceat and Suzlon Energy.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
The markets opened weak in line with its Asian peers
The Sensex closed at 11,312.99 up 121 points. The Nifty gained 39 points to close at 3,313.
ETFs may be an option if you are considering only large-cap funds, experts tell Tinesh Bhasin.
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.
All BSE sectoral indices ended in the red, with oil and gas, bankex, capital goods and finance falling up to 3.04 per cent.
Only tactical investors lose money in a downturn due to their short investment horizon
Benchmark indices ended at record closing highs due to strength in banking stocks.
From September 3 till date, mid- and small-cap shares have outperformed benchmark indices.
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
Some of the firms that have witnessed major drop in analysts' coverage include Dish TV, YES Bank, and JSW Energy.
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