Trading with PT style
- Thread starter praveen taneja
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Today's major news
•JSW Energy plans Rs40,000 crore investment; the stock shoots up 11.91%
•MIC Electronics secures orders worth Rs14.15 crore; the stock closes 1.26% lower
•Sadbhav Engineering bags project worth Rs1,350 crore; the stock rises 1.76%
•Mahindra & Mahindra to sell Navistar trucks by March; the stock surges 1.86%
•JSW Steel?s Q3 crude steel production grew by 88%; the stock jumps 10.82%
•JSW Energy plans Rs40,000 crore investment; the stock shoots up 11.91%
•MIC Electronics secures orders worth Rs14.15 crore; the stock closes 1.26% lower
•Sadbhav Engineering bags project worth Rs1,350 crore; the stock rises 1.76%
•Mahindra & Mahindra to sell Navistar trucks by March; the stock surges 1.86%
•JSW Steel?s Q3 crude steel production grew by 88%; the stock jumps 10.82%
Indian indices
On strong overseas markets and robust buying in metals, Indian indices continued their northbound journey. The Sensex that opened 3 points lower at 17556 and never saw that level again. The day?s high was 17730. At finishing line, Sensex closed at 17686, 127 points higher. Nifty closed 46 points higher at 5278.
Market sentiment
The market breadth, the number of advancing shares to declining shares, was positive. Of the total 2,962 stocks traded on the BSE, 1,780 stocks advanced, whereas 1,104 stocks declined. Seventy eight stocks closed unchanged.
On strong overseas markets and robust buying in metals, Indian indices continued their northbound journey. The Sensex that opened 3 points lower at 17556 and never saw that level again. The day?s high was 17730. At finishing line, Sensex closed at 17686, 127 points higher. Nifty closed 46 points higher at 5278.
Market sentiment
The market breadth, the number of advancing shares to declining shares, was positive. Of the total 2,962 stocks traded on the BSE, 1,780 stocks advanced, whereas 1,104 stocks declined. Seventy eight stocks closed unchanged.
Majority of the mutual fund houses reported a fall in the average asset under management (AUM) in December, leading to a fall in industry's AUM by close to 3 per cent to Rs 7.789 lakh crore.
In November the mutual fund industry – comprising 37 mutual fund houses – had reported a growth in AUM by 5.9 per cent to Rs 8.075 lakh crore.
For December, only three mutual funds with AUM of Rs 3,000 crore in November were yet to report the previous month's assets.
The biggest drop of Rs 5,216 crore was seen in HDFC Mutual Fund, its AUM for December was Rs 97,184 crore as against Rs 1,02,400 crore in the previous month, monthly data provided by Association of Mutual Funds in India (AMFI) showed.
Reliance Mutual Fund, the country's top fund house in terms of AUM, also saw a drop in the assets to Rs 1,19,981 crore (Rs 1,22,252 crore).
However, a small number of fund houses registered increase in their AUM.
LIC Mutual Fund's AUM grew by Rs 2,779 crore to Rs 51,502 crore. Franklin Templeton Mutual Fund's asset grew by Rs 1,373 crore to Rs 31,962.11 crore, Benchmark Mutual Fund's asset grew by Rs 336 crore to Rs 2,008 crore, Canara Robeco's asset base grew by Rs 324 crore and Mirae Asset's fund grew by Rs 10.66 crore.
AUM of Benchmark Mutual Fund, which has quite a few index based exchange traded funds, and Gold Exchange Traded Fund went up by 20 per cent in December. “People are now finding index funds attractive and we have seen inflows in all our index funds including Gold ETF and S&P 500 index fund,” Mr Rajen Mehta, Executive Director, Benchmark Mutual Fund, said.
Industry's AUM under fund of funds (domestic) registered a rise by Rs 88.89 crore to Rs 1,042.67 crore.
In November the mutual fund industry – comprising 37 mutual fund houses – had reported a growth in AUM by 5.9 per cent to Rs 8.075 lakh crore.
For December, only three mutual funds with AUM of Rs 3,000 crore in November were yet to report the previous month's assets.
The biggest drop of Rs 5,216 crore was seen in HDFC Mutual Fund, its AUM for December was Rs 97,184 crore as against Rs 1,02,400 crore in the previous month, monthly data provided by Association of Mutual Funds in India (AMFI) showed.
Reliance Mutual Fund, the country's top fund house in terms of AUM, also saw a drop in the assets to Rs 1,19,981 crore (Rs 1,22,252 crore).
However, a small number of fund houses registered increase in their AUM.
LIC Mutual Fund's AUM grew by Rs 2,779 crore to Rs 51,502 crore. Franklin Templeton Mutual Fund's asset grew by Rs 1,373 crore to Rs 31,962.11 crore, Benchmark Mutual Fund's asset grew by Rs 336 crore to Rs 2,008 crore, Canara Robeco's asset base grew by Rs 324 crore and Mirae Asset's fund grew by Rs 10.66 crore.
AUM of Benchmark Mutual Fund, which has quite a few index based exchange traded funds, and Gold Exchange Traded Fund went up by 20 per cent in December. “People are now finding index funds attractive and we have seen inflows in all our index funds including Gold ETF and S&P 500 index fund,” Mr Rajen Mehta, Executive Director, Benchmark Mutual Fund, said.
Industry's AUM under fund of funds (domestic) registered a rise by Rs 88.89 crore to Rs 1,042.67 crore.
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