Key stocks that were added during the month of January by the Mutual funds were Bannari Amman, Harita Seating, Wellwin industries were new entries while stock additions were Kotak Mahindra Bank, Reliance, Axis etc. while stocks that saw exits from the portfolio were Hathway, Syntex Plastics, Munjal Showa, Rattan India, etc.
Synopsis of the report and Industry Trends
As per the AMFI data the MF industry witnessed aggregate outflow of 20.083cr across the funds and categories with outflows in Liquid being the highest at 24,500cr. Pure equity funds saw an inflow of 9,279cr as compared to 5,927r in the previous month with the support of ETF money which was to the tune of 5200cr.
MUTUAL FUND FLOWS
SIP book of the MF industry remains healthy at 8,095cr per month. However, the growth of the SIP has seen a sharp stagnation in the past few months. The yearly incremental growth which was at 64% in Mar-18 has fallen to 26% y-o-y.
Posted by Mehul Kothari | Published on 18-MAR-2019
Market Outlook
NIFTY Trend Tracker
Yet again the index Nifty maintained its positive momentum but markets witnessed some head winds near 11450 mark which is the 161.8% Fibonacci retracement level of the previous move as shown in the chart. For further upside, Nifty would have to close well above the same for the momentum to continue. Going ahead 11400 – 11500 might act as a strong hurdle for the bulls. Thus, although we maintain our positive stance for the markets but advise traders to start booking their leveraged positions. On the downside 11300 might act as an intermediate support for the coming sessions. A move below the same might dwell the ongoing momentum for the time being.Disclaimer)
Posted by Mehul Kothari | Published on 19-MAR-2019
MARKET RECAP KEY MARKET DATA POINTSMARKET OUTLOOKBulls maintained their winning spree in the domestic markets since yet again the benchmark indices closed near day’s high. Both the major indices Nifty and Nifty Bank displayed strong upside momentum throughout the session to close with considerable gains. The index Nifty surged around 70 points to close above 11500 mark. On the other hand, Nifty Bank surged around 200 points from its previous close.
Finally after some consolidation we again witnessed participation from the broader markets which resulted in a very strong market breadth during the session. On the sectoral front, apart from NIFTY AUTO (-0.70%) and NIFTY METAL (-0.03%) stocks all the other group indices managed to close in green. Amongst them, NIFTY PSU BANK (+1.87%) and NIFTY IT (+0.89%) stocks were the top performers. From the F&O space, BANKINDIA (+6.23%), UNIONBANK (+4.81%) and RELCAPITAL (+4.77%) were the biggest gainers..
Outlook Due to ongoing momentum, Nifty spot has clear the mark of 11500 on closing basis. It addition, during the process the index has also clear the hurdle of 161.8% Fibonacci retracement level of the previous move as shown in the chart. Thus, we expect bullish momentum to continue towards new life high till the time Nifty sustains above 11400 mark. While doing the same, 11600 – 11680 might act as an intermediate resistance for the bulls.
We maintain our positive stance for the markets but at the same time advice traders to start booking their leveraged positions. On the downside 11400 might act as an intermediate support for the coming sessions. A move below the same might dwell the ongoing momentum for the time being.
Disclaimer)
Mutual Fund Portfolio Trends in India - March 2019
Key stocks that were added during the month of January by the Mutual funds were Bannari Amman, Harita Seating, Wellwin industries were new entries while stock additions were Kotak Mahindra Bank, Reliance, Axis etc. while stocks that saw exits from the portfolio were Hathway, Syntex Plastics, Munjal Showa, Rattan India, etc.
Synopsis of the report and Industry Trends
As per the AMFI data the MF industry witnessed aggregate outflow of 20.083cr across the funds and categories with outflows in Liquid being the highest at 24,500cr. Pure equity funds saw an inflow of 9,279cr as compared to 5,927r in the previous month with the support of ETF money which was to the tune of 5200cr.
MUTUAL FUND FLOWS
SIP book of the MF industry remains healthy at 8,095cr per month. However, the growth of the SIP has seen a sharp stagnation in the past few months. The yearly incremental growth which was at 64% in Mar-18 has fallen to 26% y-o-y.
SECTOR ALLOCATION
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Share Market Today - 18th March 2019
Market Outlook NIFTY Trend Tracker Yet again the index Nifty maintained its positive momentum but markets witnessed some head winds near 11450 mark which is the 161.8% Fibonacci retracement level of the previous move as shown in the chart. For further upside, Nifty would have to close well above the same for the momentum to continue. Going ahead 11400 – 11500 might act as a strong hurdle for the bulls. Thus, although we maintain our positive stance for the markets but advise traders to start booking their leveraged positions. On the downside 11300 might act as an intermediate support for the coming sessions. A move below the same might dwell the ongoing momentum for the time being.Disclaimer)
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Share Market Today - 20th March 2019
MARKET RECAP KEY MARKET DATA POINTSMARKET OUTLOOKBulls maintained their winning spree in the domestic markets since yet again the benchmark indices closed near day’s high. Both the major indices Nifty and Nifty Bank displayed strong upside momentum throughout the session to close with considerable gains. The index Nifty surged around 70 points to close above 11500 mark. On the other hand, Nifty Bank surged around 200 points from its previous close. Finally after some consolidation we again witnessed participation from the broader markets which resulted in a very strong market breadth during the session. On the sectoral front, apart from NIFTY AUTO (-0.70%) and NIFTY METAL (-0.03%) stocks all the other group indices managed to close in green. Amongst them, NIFTY PSU BANK (+1.87%) and NIFTY IT (+0.89%) stocks were the top performers. From the F&O space, BANKINDIA (+6.23%), UNIONBANK (+4.81%) and RELCAPITAL (+4.77%) were the biggest gainers.. Outlook Due to ongoing momentum, Nifty spot has clear the mark of 11500 on closing basis. It addition, during the process the index has also clear the hurdle of 161.8% Fibonacci retracement level of the previous move as shown in the chart. Thus, we expect bullish momentum to continue towards new life high till the time Nifty sustains above 11400 mark. While doing the same, 11600 – 11680 might act as an intermediate resistance for the bulls. We maintain our positive stance for the markets but at the same time advice traders to start booking their leveraged positions. On the downside 11400 might act as an intermediate support for the coming sessions. A move below the same might dwell the ongoing momentum for the time being. Disclaimer)