Officials in the industry say since several large-cap funds have not been generating alpha, investors may be opting for passive funds instead
Asset-weighted returns of large cap funds lagged their benchmark by 273 basis points, ELSS funds by 318 bps and mid- and small-cap funds by 230 bps
The rebound, both in FY10 and FY21, followed a painful period for the market and has been underpinned by aggressive stimulus measures by global central banks
A whopping increase in FPI inflows also boosted risk appetite, traders said. Foreign institutional investors purchased shares worth a net Rs 28,739.17 crore on Wednesday, according to exchange data
The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20
Higher earnings growth, lower costs, and valuations favour smaller companies
Some $900 mn could flow into domestic stocks due to the GEIS rejig; Dr Reddy's could see inflows of $80 mn and Tata Steel could see outflows of $60 mn due to changes in BSE Sensex
Benchmark indices gain in 14 out of past 21 sessions
After scaling an all-time intra-day peak of 44,953.01, the 30-share BSE Sensex pared some gains to end 14.61 points or 0.03 per cent higher at 44,632.65
At current levels, markets are fair-valued, not overpriced, says Amit Khurana, head of equities at Dolat Capital
However, Maruti, ONGC, IndusInd Bank, Tech Mahindra and Infosys dipped up to 0.87 per cent
Brokerage believes the economic growth cycle is not fully priced in; equity market may have more legs before it tops out
The high-beta banking and realty stocks were among major gainers.
Extend gains for seventh straight session; Sensex rises 326.82 points
The Sensex rose 601 points, or 1.54 per cent, to end at 39,574 on Tuesday - the highest since February 27; Nifty 50 index rose 159 points, or 1.4 per cent, to end at 11,662
Tata Consultancy Services (TCS) soared over 7 per cent after the IT services company announced that it would consider a share buyback proposal later this week
India has one of the largest local currency government bond markets among emerging-market economies with over $800 billion in debt stock
The data collection process is being carried out by CRISIL
Hopes of improvement in asset quality, better credit growth and lower valuations are supporting factors
The pharma sector, once considered a safe bet, has been trailing the benchmark indices for four years in a row