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Nifty PSU Bank which comprises 12 stocks has yielded nearly 60% in returns in the last 12 months, which is higher from 10%, 13.68% and 14.92% returns given by Nifty50, Nifty Bank and Nifty Private Bank, respectively, during this period. The story remains the same over 6 months, 1 month and the most recent week.

"Last week, markets continued to witness selling pressure, with the indices closing in the red for the 3rd consecutive week. Weak global cues amidst inflationary concerns, with profit booking at higher levels, continue to weigh upon the investor sentiment. Most of the leading Nifty heavyweights, with the exception of Reliance Industries, ended in the red."

Experts say investors should focus on market fundamentals rather than the RBIs monetary policy announcement on 10 August. Analysts believe investors should focus on stock market fundamentals and Indias strong growth prospects, rather than central bank actions.

Technically speaking, there is clearly a very intense tussle going on between the bull and the bear camp, as evident on the charts. At the same time, there are some bearish patterns on weekly charts, both on Nifty & Bank Nifty, indicating that for now, the bulls will have to be content with the recent tops not being breached easily. However, the saving grace is that the downside also appears to be strongly supported around last weeks low.

KPMG in India announced Lynkit Solutions Pvt. Ltd. as winners of the 3rd edition of the KPMG Private Enterprise...

India Business News: Investors' wealth eroded by Rs 3.46 lakh crore on Wednesday as equity markets took a sharp tumble amid weak global trends and foreign fund outflows. T

Investors' wealth eroded by Rs 3.46 lakh crore today as equity markets took a sharp tumble amid weak global trends and foreign fund outflows.

After the euphoric June and July, we are witnessing some healthy corrections today in Indian markets, due to the downgrade of the US rating by Fitch, says Head Advisory at Prabhudas Lilladher

Get latest articles and stories on Latest News at LatestLY. Investors' wealth eroded by Rs 3.46 lakh crore on Wednesday as equity markets took a sharp tumble amid weak global trends and foreign fund outflows. Latest News | Markets Crash: Investors' Wealth Falls by Rs 3.46 Lakh Cr.

The beginning of the August series has seen profit booking and the unwinding of positions across sectors, causing volatility in the Indian markets. Niftys YTD gain is 8.51%, and both Nifty and Bank Nifty are showing signs of a pause following overheating concerns. Sectors that may outperform include banking, FMCG, pharma, realty, and auto. However, investors should remain cautious and look to consolidate their gains, particularly with single stocks that have experienced significant price spikes,...