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Read more about Nifty hovers above 15,800; breadth remains strong on Business Standard. At 11:23 IST, the barometer index, the S&P BSE Sensex, was up 253.07 points or 0.48% at 52,553.87. The Nifty 50 index was up 66.55 points or 0.42% at 15,804.20.
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New Delhi: The domestic equity market failed to extend its two-day gains and consolidated in a narrow range on Tuesday. Market witnessed profit taking in the banking space, though FMCG, consumer durables and IT stocks capped the fall.
Nifty kept paring any gains made throughout the day, eventually forming a Bearish Belt Hold candle on the daily chart, reflecting selling pressure. Analysts said, only a breach above the 15,300 level can open doors for any further move. As we near the derivatives expiry for May, will the market move upward or consolidate in a narrow range?
Here s how analysts read the market pulse:-
Barometers traded near the day s low with steep losses in mid-morning trade. PSU banks and media shares bucked a weak market trend.
At 11:26 IST, the barometer index, the S&P BSE Sensex, was down 451.89 points or 0.93% at 48,716.68. The Nifty 50 index declined 128.35 points or 0.86% at 14,722.35.
In broader market, the S&P BSE Mid-Cap index was down 0.58% while the S&P BSE Small-Cap index fell 0.26%.
The market breadth was positive. On the BSE, 1447 shares rose and 1316 shares fell. A total of 166 shares were unchanged.
Indian stock markets will remain closed tomorrow, 13 May 2021 on account of Id-Ul-Fitr (Ramzan Id).
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 159,337,160 with 3,312,920 global deaths.
Traders Magazine
By Vinodh Nagaiyan, Risk and Finance Solution Consultant, Oracle Financial Services
As of 2019, the worldwide mutual fund industry had $55 trillion in total assets, according to the Investment Company Fact Book.
[1] This figure has seen a consistent increase in the past decade and is poised to grow further in the near future. The growth of this industry highlights the importance of risk management practices – particularly liquidity risk management.
In a collective investment scheme, from the investor perspective, subscriptions and redemptions are smooth, mostly online. From the company perspective, however, redemptions are the outcome of a delicate balancing act. If the fund holds a large number of liquid securities to facilitate redemptions, then it misses out on returns. If it holds a low number of liquid securities, then it might not be able to honor redemptions on a timely basis. Every redemption request should be honored on time, to be both compet