EQUITY MARKET OVERVIEW
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The market managed to end on a positive note this week as well though towards the last couple of days investors seem to have changed gears.
It appears that the Foreign Institutional investors have decided to take out a little bit of money from the table and rightly so especially after the rise that the market has seen in the last few weeks.
Technically, the market could head for a small correction of about 200 points on the Nifty. The question therefore would be whether an investor should be booking profits.
We think that sharp traders could go for this trade but long term investors should continue to hold their long positions.
The IIP data for March released yesterday was disappointing to say the least and this after better core sector numbers. The data came in after the market and is far lower than consensus. This coupled with weak global markets could see the investors booking profits on Tuesday.
HDFC Tax Saver
Nav as on 04/12/2014 51.03
1 year annualised returns 27.25 br/>
Since inception 28.98
DSP Blackrock Top 100 Equity Fund
Nav as on 04/12/2014 19.40
1 year annualised returns 16.90
Since inception 25.03 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 04/12/2014 23.85
1 year annualised returns 25.77
Since inception 23.66 br/>
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