EQUITY MARKET OVERVIEW
(Updated on Every Sunday)Read more...
After correcting for almost 4 days the market moved up sharply on Thursday to close nearly 104 points up with the NIFTY closing at 6779. The market ended virtually flat for the truncated week.
With most of the opinion polls so far as well as seeing the enthusiasm of voters and the voter turnout, the base case scenario seems to be that of a NDA majority without post poll alliances. This could drive the market to new highs,
The result season kicked off last week with Infosys delivering slightly below expectation but a better than expected guidance for FY15. TCS too was confident of FY15. The industrials and other economy sensitive stocks have not come out with their Q4 numbers so far. RIL’s Q4 was flat and in line.
The main driver will continue to be the poll outcome.
HDFC Tax Saver
Nav as on 04/19/2014 51.25
1 year annualised returns 27.51 br/>
Since inception 28.98
DSP Blackrock Top 100 Equity Fund
Nav as on 04/19/2014 19.40
1 year annualised returns 14.74
Since inception 24.99 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 04/19/2014 23.88
1 year annualised returns 23.88
Since inception 23.64 br/>
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