EQUITY MARKET OVERVIEW
The market always foxes everyone, just when the majority of the investors were agreeing that the prices in the Indian market have run ahead of valuations that the market saw another surge of nearly 75 points on the Nifty taking it to a new high. This time it was the banks that drove up the Nifty.
Banking stocks have been on the rise for last few days which could be in anticipation of a rate cut from RBI. If this doesn’t happen however, we could see these stocks coming off. Interest in private banking has been because of the ING Vyasa, Kotak Bank deal.
For the week, the market is up by about 100 points. The Midcap index however has closed almost flat.
The coming week will be dominated by the winter session of the parliament as well as the OPEC meet in Vienna on the 27th where a production cut could be announced. Crude has already started moving up in anticipation of the meeting as well as the cold weather in the USA.
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HDFC Tax Saver
Nav as on 11/22/2014 71.61
1 year annualised returns 67.67 br/>
Since inception 30.26
DSP Blackrock Top 100 Equity Fund
Nav as on 11/22/2014 25.62
1 year annualised returns 47.87
Since inception 26.54 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 11/22/2014 29.25
1 year annualised returns 54.73
Since inception 25.36 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|Peerless Equity Fund||15.67||10.0%||Nov 26, 2014|
|UTI MNC Fund||81.23||25.0%||Nov 25, 2014|
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|Scheme ||Structure ||Remarks ||Offer Period End|
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