BENCHMARKING

Mcap of nine of top-10 most valued firms surges Rs 2.29 lakh cr; LIC biggest winner

The combined market valuation of nine of the top-10 most valued firms surged Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India emerging as the biggest gainer, in tandem with a rally in benchmark indices. Last week, BSE benchmark Sensex jumped 685.68 points or 0.86 per cent and NSE Nifty climbed 223.85 points or 0.93 per cent.

86% equity mutual funds outperform their benchmarks in November

Around 86% of equity mutual funds outperformed their benchmarks in November. Contra, small-cap, flexi-cap, ELSS, multi-cap, large-cap, and large & mid-cap funds all showed strong outperformance. Only a small number of funds failed to beat their benchmarks.

Cost of fresh rupee loans rises 17 basis points in October

In October, fresh rupee loans disbursed by scheduled commercial banks became costlier, with the weighted average lending rate rising to 9.54%, up by 17 basis points from September. However, the cost of fresh deposits decreased to 6.44%. The lending rate on outstanding rupee loans stayed at 9.90%.

Ahead of Market: 10 things that will decide stock market action on Friday

Indian markets closed lower on Thursday, dragged by IT and consumer discretionary stocks. The US market's decline and uncertainty about the Fed's rate cut path weighed on sentiment. The broader market outperformed the frontline indices, with FIIs showing interest in undervalued stocks.

Back to square one! FIIs sell Indian equities worth over Rs 11,000 crore after 3 days of buying

Foreign investors resumed selling Indian equities on Thursday, offloading Rs 11,756 crore. This reversed their recent three-day buying spree. The market fell sharply, with the Sensex down 1,190 points and the Nifty down 360 points. The selling was primarily driven by fears of a slower US Fed rate cut and weakness in IT and bank stocks.

Rupee weakens to 84.485 per dollar amid FPI outflows and month-end dollar demand

The Indian rupee weakened to 84.485 per US dollar on Thursday. Foreign investor selling and month-end dollar demand from importers pressured the rupee. RBI intervention likely capped excess weakness. Geopolitical tensions and FII outflows of Rs 11,756 crore in November are contributing to the rupee's decline.

Pakistan's benchmark share index crosses 1,00,000 mark for the first time

Pakistan's stock market soared past 100,000 points for the first time, fueled by a $7 billion IMF bailout and improved economic stability. Inflation and interest rates have dropped faster than anticipated, boosting liquidity. Despite a recent 60% surge this year, the market's price-to-earnings ratio remains below its historical average, suggesting potential for further growth.

South Korea makes first back-to-back rate cuts since 2009

In a surprise move, South Korea's central bank cut interest rates for the second consecutive meeting, aiming to stimulate the stagnating economy and address slowing inflation. This marks the first back-to-back rate cut since 2009. The decision comes as the economy narrowly avoided a recession and concerns rise over potential trade impacts.

WACR rises to 6.68% amid liquidity deficit; 10-year G-Sec yield steady at 6.84%

The weighted average call rate, which indicates banks' overnight cost of borrowing, closed at 6.68% on Wednesday, 18 basis points higher than the Reserve Bank of India's current repo rate of 6.50%, due to deficit liquidity conditions in the banking system, money market dealers said. The WACR was 6.69% on the previous day.

Dollar drops as markets weigh Trump tariff vow, yen hits 5-week high

The U.S. dollar fell to a one-week low against its major peers on Wednesday as investors grew cautious about President-elect Donald Trump's tariff pledges while rebalancing their portfolios before the end of the month.

10 equity mutual funds that have outperformed benchmarks during volatility

Volatility has intensified since the beginning of October 2024, as evident from the jump in the India VIX index, which gained over 33% between 1 October and 21 November 2024. Let's identify 10 equity funds that have outperformed benchmarks during volatile trading days.

These 10 small cap mutual funds outperform their benchmarks in 5 years

An analysis reveals about half of the 19 small cap mutual funds outperformed their benchmarks over the past five years. Funds like Bank of India Small Cap and Nippon India Small Cap delivered returns exceeding 30%, surpassing the Nifty Smallcap 250 benchmark. However, others like Aditya Birla SL Small Cap and HDFC Small Cap lagged behind their respective benchmarks.

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian markets rallied Monday on BJP's Maharashtra election win, with Sensex gaining 992.74 points to 80,109.85 and Nifty rising 314.65 points to 24,221.90. Analysts noted improved sentiment as Nifty crossed 21 EMA, with bullish RSI signals.

Rupee rises 6 paise to 84.35 against US dollar in early trade

The Indian rupee strengthened against the US dollar in early Monday trading, buoyed by positive domestic equities. However, a strong dollar and rising crude oil prices are applying downward pressure on the rupee, making significant gains unlikely in the near future.

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

From the top-10 pack, Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards.

80% equity mutual funds outperformed their benchmarks in October

Around 192 out of 240 equity mutual funds outperformed their benchmarks in October. However, the assets under management (AUM) of equity mutual funds saw a sequential decline of 4.03%, falling to Rs 25.36 lakh crore in October from Rs 26.43 lakh crore in September. This data was reported by PL Wealth Management, excluding Sectoral/Thematic funds.

Traditional medicine in PM Jan Arogya Yojana: Set efficiency benchmarks, understand therapies

The Indian government is working on integrating traditional medicine into the PM Jan Arogya Yojana health insurance scheme. This initiative aims to provide affordable healthcare to millions of households. The government is currently determining the costs and establishing standards for these traditional therapies. This inclusion is expected to enhance the healthcare system and address the needs of a growing population.

82% equity mutual funds outperform their benchmarks in October

Despite Sensex and Nifty experiencing a 6% decline in October, 82% of equity mutual funds demonstrated resilience by outperforming their benchmarks. This impressive performance was observed across various categories, with contra funds achieving a 100% outperformance rate. While most categories showed strong results, focused funds lagged slightly with a 68% outperformance score.

15 largecap mutual funds fail to beat benchmarks over 5 years

Around 15 large-cap mutual funds (MFs) have underperformed their benchmarks over the last five years, with a 60% underperformance rate. Out of 25 large-cap funds, only 10 outperformed. Axis Bluechip Fund delivered 13.25% return, lagging behind its benchmark (BSE 100 - TRI), which returned 18%. Bandhan Large Cap Fund and DSP Top 100 Equity Fund also underperformed.

Centre proposes to lower benchmark price for bauxite

The centre suggests reducing the benchmark price of bauxite for calculating auction premiums and resource value. A committee recommends lowering the conversion factor for metallurgical bauxite to 4.90%. This change affects new mining leases. Aluminum makers and related industries will benefit. Current consumption of aluminum in India is below the global average.

These equity mutual funds underperformed their benchmarks in 7 years

These 10 equity mutual funds outperformed their benchmarks in 5 years

48% of equity mutual funds outperform benchmarks in September

Approximately 48% of equity mutual funds have outperformed their respective benchmarks in September 2024, with small cap funds leading at a 75% outperformance rate. The total AUM of these funds increased to Rs 26.43 lakh crore. Investors are advised to maintain long-term SIP investments.