India s benchmark Nifty
and Sensex indexes rose on Friday, extending their recovery
after a fall earlier this week, led by metals on a subdued U.S.
dollar. The blue-chip NSE Nifty rose.
Both the NSE Nifty 50 and BSE Sensex lost about 0.5 per cent each this week, dragged by the fall in recent outperformers like financials and auto stocks, , stocks, sensex, nifty
India's stock benchmarks advanced on Friday, paring weekly losses while ending their longest weekly winning streak in six years on profit booking at record high ..
Retail investors now own a bigger slice of smallcap companies than at the start of 2023-24 (FY24), underscoring their growing conviction about investing in this red-hot space.
Data from Capitaline shows mutual funds (MFs ) average holding in the National Stock Exchange Nifty Smallcap 250 rising to 9.26 per cent from 8.67 per cent during the first six months of FY24, with the number of companies with over 20 per cent MF holdings increasing from 24 to 28.
In comparison, MF holdings in Nifty50 companies have gone up only marginally, from 9.67 per cent to 9.75 per cent.
"I am bullish on both Indian equities and the Indian bond market. Pharmaceuticals and healthcare is a sector where we are incrementally turning bullish. Consumption, especially in the lower end has not picked up satisfactorily yet and stocks have underperformed due to this. If this picks up then there could be interesting plays in FMCG, auto (2-wheelers), etc."