Explore Now
Record high Covid cases at home and a mixed start to Asian markets could hit investor sentiment on Dalal Street on Monday. It remains to be seen how investors react to
HDFC Bank s mixed set of quarterly numbers announced over the weekend.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 128 points, or 0.87 per cent, lower at 14,513.50 in signs that Dalal Street was headed for a negative start on Monday.
Tech View: Nifty lacks in follow-up buying
Nifty50 on Friday formed an indecisive Doji candle on the daily chart. On the weekly scale, the index formed a Hammer candle. Analysts said the 14,700 level may pose strong resistance for Nifty50 in the coming days. A fall below 14,250 level on the index can trigger a strong correction, they said.
Stay put, react less, and let time do its magic: Pratik Oswal of Motilal Oswal AMC
Share
Synopsis
Historically, index funds were costly (upwards of 1.5%) and hence not very enticing. At the current levels - it s a much better-priced market for investors to enter these products.
Passive or index-based investing became extremely popular in India during the troubled 2020. Motilal Oswal Mutual Fund and Pratik Oswal, head of passive funds at the fund house were instrumental in launching a host of index-based products in the last one and a half years. Shivani Bazaz of ETMutualFunds.com spoke to Pratik Oswal to find out his perspective on the issue. We have launched eight passive schemes in the last 14 months, and overall, it s been quite a positive surprise in terms of traction in most of them, says Oswal. Edited interview.