The NSE Nifty50 has strong supports placed around at 20,920 and 20,750 levels. Meanwhile, the broader indices are seen testing support at respective 20-DMAs, show charts.
Book profit if you have become overweight after the recent run-up
Nifty ascends 5.5% in November, marking its strongest increase in 16 months
Investors who can't set up and rebalance a diversified portfolio could consider hybrid funds
The net folio additions in direct plans in the five-month period (April-August 2023) is 40 per cent higher than the total additions made in the previous six month period
Motilal Oswal MF was the first to launch a passive microcap fund. The index fund tracks the Nifty Microcap 250 Index
India has been substituting expensive crude oil with cheaper imports. This has helped keep inflation-related concerns triggered by rising oil prices at bay
The Nifty50 rose 3.5 per cent in June, while the small- and mid-cap indices surged between 6 per cent and 7 per cent
The brokerage expects manufacturing, technology, and banking & financial services to outperform.
The S&P BSE Small-cap and Midcap indices have surged around 6 per cent and 4 per cent, respectively, as against a 2 per cent gain on S&P BSE Sensex so far in FY24.
CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.
Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.
Large-cap companies are known to weather the market storm better, while smaller stocks tend to fall more during volatile market conditions
CLOSING BELL: Equity markets settled near the low point of the day as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday
Hold only a couple of funds and diversify across growth and value style
Smallcap World Fund Inc on Wednesday offloaded 25 lakh shares of life science firm Hikal Ltd for over Rs 62 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund sold 25,00,000 shares at an average price of Rs 249.02 apiece, valuing the transaction size at Rs 62.25 crore. As of March 2022, Smallcap World Fund owned a 3.47 per cent stake in the company. Shares of Hikal Ltd closed 2.39 per cent lower at Rs 249.25 apiece on BSE.
Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%
While investors dumped mid-and small-cap stocks as the markets remained choppy over the past few weeks, analysts still expect these two segments to see good interest from a medium-to-long term
The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment
However, healthy buying in the broader market kept overall market breadth in the favour of the buyers