EQUITY MARKET OVERVIEW
The market has been range bound this week with the Nifty trading between 8300 and 8400 most of the time. Global indices too have been range bound. The commodities especially oil remains weak and has now fallen below the 80$ mark.
Economic indicators in India have been positive. The Index of Industrial production for September came in at 2.5% whereas Consumer price inflation for October eased to 5.5%. The market reaction to this however was a bit muted which could be because the numbers were in line with expectation and also because the RBI governor seems unlikely to cut rates in a hurry.
As for the results, most of the PSU banks showed stress in asset quality which could be because of more aggressive recognition as well.
Amongst other results, IPCA and Cipla both were below expectation and so was BHEL. PTC finance was better than expected adjusting for the one time write off. Britannia to was better than expected.
We expect the market is likely to remain range bound next week.
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HDFC Tax Saver
Nav as on 11/13/2014 70.13
1 year annualised returns 62.62 br/>
Since inception 30.16
DSP Blackrock Top 100 Equity Fund
Nav as on 11/13/2014 25.02
1 year annualised returns 42.26
Since inception 26.34 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 11/13/2014 28.60
1 year annualised returns 49.83
Since inception 25.18 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|Kotak Sensex ETF||287.55||6%||Nov 21, 2014|
|Kotak PSU Bank ETF||405.18||19%||Nov 21, 2014|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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