PMS biggies flop again; small, midcap strategies steal the show
SECTIONS
Share
Synopsis
Data compiled by PMS Bazaar showed Rising Start Opportunity strategy of Valentis Advisors, which invests in up and coming smallcap and midcap stocks, emerged the top performer with a 9.08 per cent return.
Getty Images
INSIGHTS
NSE
Explore Now
NEW DELHI: PMS schemes focused on smallcaps and midcaps stole the show in January, as some big names from the industry failed to outperform their respective benchmarks thanks to a sell-off in stocks at the end of the month, which hit their returns.
Data compiled by PMS Bazaar showed Rising Start Opportunity strategy of Valentis Advisors, which invests in up and coming smallcap and midcap stocks, emerged the top performer with a 9.08 per cent return.
Synopsis
Ruchit Jain, Senior Analyst - Technical and Derivatives at Angel Broking said, One should prefer to trade with the trend now until any negative signs are seen and look for opportunities that could continue to outperform. The near-term trading range could be wide given the recent volatility, wherein the supports are now placed around 14,140 and 14,000, whereas resistance could be seen around 14,500.”
Higher government spending in infrastructure and increased FDI limit in insurance improved the overall outlook of these sectors,” said Vinod Nair, Head of Research at Geojit Financial Services.
NEW DELHI: Nifty made a strong rebound on Monday in line with strong global cues and a no-harm budget. The 50-pack index formed a long bullish candle and recovered half the losses it sustained in the past six sessions.
US stocks retreat from all-time highs
Wall Street s main indexes slipped from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following the permanent suspension of President Donald Trump s account. The Dow Jones Industrial Average fell 167.89 points, or 0.54%, to 30,930.08, the S&P 500 lost 28.84 points, or 0.75%, to 3,796.14 and the Nasdaq Composite lost 161.41 points, or 1.22%, to 13,042.36.
European shares rally falters
European stocks fell from over 10-month highs on Monday after rallying last week, as investors feared a surge in coronavirus cases across the continent and mainland China could delay an economic recovery. The pan-European STOXX 600 index fell 0.63%, easing from its February 2020 peak hit on Friday. Germany s DAX index shed 0.94% after hitting all-time highs last week and France s CAC 40 was down 0.84%.
Ahead of Market: 12 things that will decide stock action on Monday
SECTIONS
Share
Shutterstock.com
As many as 200 stocks on the BSE 500 index settled the day in green, while 296 settled the day in red.
NEW DELHI: Nifty formed an indecisive candle on the daily chart on Friday after it closed on a positive note for the seventh consecutive week.
Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities, said, For the next few trading sessions, 13,650 should be the sacrosanct level for the trend following traders. Above the same, we can expect an uptrend continuation wave up to 13,935-14,000. On the flip side, dismissal of 13,650 could possibly trigger one quick correction leg till 13,500.
market outlook: Ahead of Market: 12 things that will decide stock action on Friday indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.