Active Stocks
Tue Mar 19 2024 13:01:07
  1. Tata Consultancy Services share price
  2. 4,020.00 -3.01%
  1. Tata Steel share price
  2. 149.90 0.20%
  1. Bharti Airtel share price
  2. 1,230.20 0.42%
  1. Power Grid Corporation Of India share price
  2. 259.90 -1.92%
  1. ITC share price
  2. 410.00 -1.77%
Business News/ Money / Equity funds lose due to outflows
BackBack

Equity funds lose due to outflows

Equity funds lose due to outflows

Premium


Indian equity markets experienced volatility and posted marginal negative returns in June, owing to weak global cues, foreign funds outflows in the last couple of weeks and the possibility of a weak monsoon that caused investors some concern. The equity markets indices, however, were up during the first two weeks, owing to expectations of strong economic reforms from the new government and foreign inflows. Strong infrastructure output and better industrial production data also boosted the investor sentiments during the month. In June, the Bombay Stock Exchange’s Sensex index declined 0.9%, while the National Stock Exchange’s Nifty index fell 3.5%.

Also See Indian Mutual Funds, Highs and Lows (Graphics)

Foreign institutional investors net invested Rs3,830 crore in Indian equities in June, much lower than Rs20,000 crore in the previous month. Mutual funds invested Rs840 crore in stocks last month, lower than Rs2,300 crore invested in May. Mid-cap stocks outperformed their large- and small-cap counterparts, owing to their favourable valuations. From a sector perspective, the financial sector posted the highest gain of 25%, as measured by the MSCI India Index. The energy sector registered the second highest gain and delivered a 20% return, driven by an increase in crude oil prices. The telecommunications services sector registered the least return during the month.

Graphics by Sandeep Bhatnagar / Mint

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 14 Jul 2009, 01:35 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App