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Over 20 stocks from top 5 PMS schemes outperformed Nifty in December; worth a look?
Small & midcaps captured the limelight after two straight years of underperformance, and if we look at the PMS schemes which outperformed the index are mostly from the broader market space.
Representative image.
Bulls managed to control the market in December with benchmark indices gaining about 7 percent each during the month and around 15 percent each in the year 2020. Meanwhile, small & midcap indices outperformed rising about 20 percent each in the same period.
Small & midcaps were in the limelight after two straight years of underperformance. Even the PMS schemes that outperformed were mostly from the broader market space.
Volatility is normally higher on the last two days of monthly expiry but this time the fall with higher volatility show cautiousness amongst market participants before the Budget event. Earnings are coming out better-than-expected but profit-booking is seen in most companies that have declared results so far barring a few cases, according to Rusmik Oza, executive vice-president and Head of Fundamental Research at Kotak Securities.
Axis Bank, Titan, IndusInd Bank, HDFC Bank, Dr Reddy s, HDFC and Asian Paint were the major laggards among the 30-share frontline companies list, falling up to 4 per cent.
In the broader market, the smallcap and midcap indices fell up to 1.38 per cent. Sectorally, banking stocks declined 2.93 per cent, followed by finance (2.72 per cent), metal (2.54 per cent), realty (2.28 per cent) and auto (2.11 per cent).
Investors wealth plunge over Rs 8 lakh crore in four days
Recordings its fourth straight session of loss on Wednesday, the Sensex tumbled 937.66 points or 1.94 percent to close at 47,409.93. In the four straight sessions, the benchmark has fallen by 2,382.19 points or 4.78 percent. PTI January 27, 2021 / 07:00 PM IST
Investors wealth eroded by more than Rs 8 lakh crore in four consecutive sessions of stock market loss.
Recordings its fourth straight session of loss on Wednesday, the Sensex tumbled 937.66 points or 1.94 percent to close at 47,409.93. In the four straight sessions, the benchmark has fallen by 2,382.19 points or 4.78 percent.
Tracking the muted sentiment, the market capitalisation of BSE-listed firms declined by Rs 8,07,025.09 crore to Rs 1,89,63,547.48 crore in these four days.
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Rs 9 lakh crore investor wealth wiped out from record high: Here s what to expect after massive market correction
In four sessions, Sensex has tumbled 2,915 points to 47,269 (intra day low) from record high of 50,184. Similarly, Nifty crashed 824 points from its all-time high of 14,753 hit on January 21
Aseem Thapliyal | January 27, 2021 | Updated 19:15 IST
Profit booking, mixed global markets and pre-budget nervousness among traders and investors contributed to the decline of benchmark indices from record highs.
Investors have lost a massive Rs 9.39 lakh crore from record highs in four sessions. Market wealth, which rose to Rs 199.02 lakh crore on January 21 declined to Rs 189.63 lakh crore on BSE today. In four sessions, Sensex has tumbled 2,915 points to 47,269 (intra day low) from record high of 50,184. Similarly, Nifty crashed 824 points against its all-time high of 14,753 hit on January 21.