Indian
Adrs Closed With Mixed Sentiments In The Trading Session Of February 28.
In The IT Sector, Infosys Closed Lower By 0.46% At USD 15.14; And Wipro Closed
Lower By 0.51% At USD 9.78.
In The Banking Sector, ICICI Bank Closed Lower By 1.20% At USD 8.20; And HDFC
Bank Closed Higher By 0.28% At USD 71.69.
In The Other Sectors, Tata Motors Ended Down By 1.21% At USD 33.59; And Dr.
Reddy’s Laboratories Closed Lower By 0.72% At USD 42.96.
The Dow Jones Shed 25.2 Points To Halt Its 12 Days’ Rally. Meanwhile, The
S&P 500 Index Closed Lower By 6.11 Points; And The Nasdaq Composite Index
Closed Lower By 36.46 Points.
Coming Now To Indian Markets, Nifty Closed At 8879.60 Levels, Down By
17.10 Points Or 0.19%. Sensex Closed At 28743.32 Levels, Down By 69.56 Points
Or 0.24%.
There Were 905 Advances, 731 Declines And 85 Unchanged Stocks On NSE,
Reflecting A Strong Positive Undertone Floating In The Market.
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Broader markets outperformed the major indices in the morning
hours on NSE.
Lincoln Pharmaceuticals Limited from the small-cap stock is trading at Rs
237.80 per share, up by Rs 34.05 per share or 16.69%.
Future Retail Limited is buzzing on the bourses, extending its gains in
Tuesday’s trading session. The stock touched fresh 52-week high of Rs 271.45
per share, up by Rs 32.8 per share or 13.74% in the morning hours.
There are 1017 advances, 477 declines and 410 unchanged stocks on NSE in
the morning hours on Tuesday reflecting strong positive undertone in the
market.
At 10:00 AM, the S&P BSE Sensex is trading at 28857.05 up 44.17
points, while NSE Nifty is trading at 8908.95 up 12.25 points. A total of 34
stocks registered a fresh 52-week high in trade today, while 10 stocks touched
a new 52-week low on the NSE.
The BSE Mid-cap Index is trading up 0.44% at 13593.59, whereas BSE
Small-cap Index is trading up 0.55% at 13684.59.
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while
Oil & Gas, Energy, FMCG are showing weakness on BSE.
Bharti Airtel, Bharti Infratel, Larson & Toubro, Bank of Baroda and
Tech Mahindra are among the gainers, whereas Idea, Coal India, Hindustan
Unilever, ITC and Ambuja Cements are losing sheen on NSE in the first trading
hour.
The INDIA VIX is down 0.74% at 13.57.
Indian equities markets are likely to open lower on Monday, tracking
negative leads from fellow Asian peers. The SGX Nifty, which was trading at
8,925, down by 45.50 points or 0.51 per cent, also signalled a negative
opening.
The 8,970-9,000 zone is likely to remain a key resistance area in the
short term for Nifty50. On the downside, immediate support is placed around the
level of 8,880 and if this support is breached next major support is placed
around the level of 8,820.
Back home, Nifty hit fresh 52-week high last Thursday (Feb. 23), but it
closed off day’s high as profit booking emerged at higher levels. Indian
markets started the session on a positive note and the momentum remained in
favour of the bulls for the first half of the trading session, but in the
second half, some volatility was witnessed and markets ended the session with
marginal gains.
The Dow Industrial and S&P 500 finished at record levels on Friday as
the Dow continued its streak of closing highs and daily gains. The Dow Jones
Industrial Average rose 11.44 points to finish at 20,821.76. The S&P 500
Index closed up 3.53 points at a record 2,367.34. The Nasdaq Composite Index
finished up 9.80 points at 5,845.31, just shy of a record.
On Monday, Asian shares started the new trading week on a negative note.
Japan’s Index Nikkei 225 fell over 1 per cent as the yen strengthened for the
fourth session. Hang Seng and Shanghai Composite lost 0.27 and 0.17 per cent,
respectively.
Last one year has seen equity markets clearly outperform the fixed
income markets.
Over past year the major indices have returned more than 20% returns with Nifty
gaining almost 23% returns and Sensex gaining nearly 21.45% returns.
Bank Nifty has generated nearly 45% returns over one year period.
PSU Bank ETFs surprisingly have outperformed the broader markets and its
sectoral benchmark i.e Bank Nifty. PSU Bank ETFs are also amongst the best
performing mutual funds over one year period.
Mutual Fund Schemes
|
Returns (1 year)
|
Kotak PSU Bank ETF
|
61.74%
|
R*Shares PSU Bank BeES
|
61.48%
|
