It is not only selected stocks that are causing the market indices to look better, but also the changes that have been going on over the years in the index, whereby the non-performing ones are taken off the index
For aggressive investors, the Nifty Next 50 is a useful option to increase a portfolio’s return potential
Global share markets were also sharply lower on Friday, marking their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion.
Overall index has got stuck in a broader trading range of 10,700 to 10,985 zones and requires a decisive range breakout for next leg of rally, experts said.
Bond yields have been rising for the last couple of months while equities have been rising at a steady pace. This dichotomy is because the factors weighing down on the bond market are likely doing the exact opposite for equities.
The Nifty on expected lines bounced back from its crucial support level of 13-days moving average to make a dash at 9100 level. Traders who are holding long positions should continue to hold them as long as Nifty trade above the gap support area of 9,060-8,975.
Speaking to CNBC-TV18, Laurence Balanco, Global Technical Analyst at brokerage firm CLSA, said a short-term pullback will be followed by further gains for the index.
Indiabulls Housing Finance and Indian Oil Corporation will take their slots in the index.
Retail investors with slightly higher risk-appetite can consider investing in the offer as the track record of the ETF has been good and it holds promise of good returns in future.
Sales of companies constituting the 50-share well-diversified NSE index are seen to grow 3 percent in the July-September quarter compared with the year-ago period, said the report brought out by leading brokerage Motilal Oswal.
"India specific products tracking Nifty indices are very popular among the global investors. In the past one year, we have seen very strong demand for Nifty 50 based products in Asian countries including Korea, Taiwan, Japan and Hong Kong," Mukesh Agarwal CEO of IISL, an NSE group company said.
India Index Services & Products Ltd (IISL), an arm of NSE, along with Taiwan Futures Exchange (TAIFEX) on June 30 said it plans to introduce Nifty 50 futures for investors in Taiwan in the fourth quarter of 2016
According to the report, out of the 50 companies studied, 34 (or 68 percent) had identified vulnerabilities in at least one or more of their Internet-facing properties.
Assets Under Management (AUM) of ETFs based on Nifty 50 index has surged to Rs 8,533 crore as on March 31, 2016 from Rs 1,251 crore at the end of preceding financial year.
Nifty may see some fleeting short-term resistance, but there are no major hurdles going forward and it may touch 8700 levels soon, says Jai Bala of Cashthechaos.com.
The leading index provider will rebrand all its existing indices to include 'Nifty' in their names as against the name 'CNX' used currently. NSE's flagship 'CNX Nifty' index would be rebranded as 'Nifty 50' index, IISL said in a statement today.
Sanju Verma, CEO of Violet Arc Global Managers says it is not the defensives that are truly driving the market. Stocks like Ashok Leyland and Maruti, among others, have seen the most run-up in their stock prices, she adds.
We suggest investors to focus on individual stock picks based on the degree-of-undervaluation and not make their decisions based on overall large cap valuation levels. Investing in stocks trading at significant discount to their intrinsic value is a low risk way of generating excess returns over markets over the long term.
Wipro shares declined 1.04 percent to close at Rs 454.90 while Reliance Infrastructure lost 6.28 percent to Rs 331.15 on the Bombay Stock Exchange.
Most IT stocks hit their 52-week highs in August as the Indian rupee weakened rapidly and US growth improved. IT stocks have not seen significant profit taking so far. They are just 3-7 percent off their 52-week highs as against the Nifty that was down 14 percent from its 52-week high of 6229.
In CNBC-TV18‘s personal finance segment, Hemant Rustagi, Wiseinvest Advisors advices investors to be cautious while investing in a sector fund. He recommends investment in thematic funds as they are broad, more diversified as compared to a sector fund.