EQUITY MARKET OVERVIEW
The market closed the week with a loss despite a rally on Friday. The weakness was on account of global cues where the markets were spooked on account of global slowdown. On Friday, TCS results too were disappointing and this resulted in a selloff in the Technology sector.
Global commodity prices continued to remain soft and could remain so for some more time as long as the demand from China and Europe remain muted.
US markets ended on Friday with a strong rally with market moving up by more than 1% bouncing strongly from the 200DMA.
As for the Indian market, the two assembly results to be announced on Sunday could have a strong bearing when the market opens for trade on Monday. A clear win for the BJP would be a big morale booster for the markets.
The markets are likely to remain in a trading zone for the rest of the month as well.
(Updated on Every Sunday)Read more...
HDFC Tax Saver
Nav as on 10/17/2014 64.54
1 year annualised returns 54.91 br/>
Since inception 29.71
DSP Blackrock Top 100 Equity Fund
Nav as on 10/17/2014 23.09
1 year annualised returns 32.96
Since inception 25.66 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 10/17/2014 27.30
1 year annualised returns 38.06
Since inception 24.43 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|Sundaram Select Micro Cap Series 2||15.600||10%||Oct 17, 2014|
|Sundaram Select Micro Cap Series 1||15.621||10%||Oct 17, 2014|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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