Sectoral Funds - Weekly roundup - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sectoral Funds - Weekly roundup

Apr 7, 2001

This week saw very low volumes on the bourses. However, the Sensex gained marginally by 0.4% to close at 3,576 points whereas the S&P CNX Nifty was down by 0.2% to close at 1,135 points.

Open-ended, ITáSchemes NAV
(Rs)
Last
week
Last
month
Last
year
Inception
Tata IT Sector Fund 7.1 -2.4% -8.1% -55.8% 7.8%
Birla IT Fund (Gr) 8.1 -6.2% -20.1% -68.5% -2.4%
K P Internet Opport.(Gr) 4.9 -8.4% -12.7% -45.7% -48.5%
Sun F&C Emerg Tech (Gr) 3.7 -9.7% -21.2% -55.1% -57.3%
UTI Sector- Software 8.3 -10.6% -17.9% -68.8% -15.1%
K P Infotech (Gr) 14.0 -12.1% -19.5% -61.8% 50.6%
K Tech 3.4 -12.3% -22.1% 0.0% -57.3%
Chola Freedom Tech (Cum) 8.7 -12.4% -15.6% -55.8% -4.6%
Pru ICICI Tech. (Gr) 3.2 -13.1% -17.8% -61.0% -66.2%
Magnum Sector Funds-IT 6.9 -13.5% -23.1% -69.7% 4.7%
DSP ML Tech.com (Gr) 3.8 -14.0% -24.9% 0.0% -55.5%
Alliance New Millenn (Gr) 4.6 -14.4% -19.9% -59.9% -66.3%
IL&FS eCOM Fund (Gr) 2.9 -16.5% -23.2% -70.5% -76.0%

NASDAQ witnessed a decline as US infotech companies continued to witness profit warnings. This had a depressing effect on the domestic bourses. Indian software stocks continued their downward journey.

Open-ended, ITáSchemes NAV
(Rs)
Last
week
Last
month
Last
year
Inception
Magnum Sector Funds-Pharma 8.6 -5.0% -12.6% -16.9% -8.6%
K P Pharma (Gr) 8.6 -5.3% -13.5% -16.9% -4.0%
UTI Sector-Pharma 9.6 -6.1% -13.5% -13.2% -11.3%

Dr Reddy saw some selling as FII (foreign institutional investors) offloaded domestic holdings to buy into Dr Reddy's ADR (American Depository Receipt). Ranbaxy also witnessed selling.

Open-ended, ITáSchemes NAV
(Rs)
Last
week
Last
month
Last
year
Inception
K P FMCG (Gr) 10.7 -2.6% -6.2% -16.0% 4.8%
Pru ICICI FMCG (Gr) 9.0 -3.2% -7.5% -15.2% -7.2%
Magnum Sector Funds-FMCG 6.6 -5.8% -13.4% -34.8% -20.7%

Godrej Soaps witnessed some buying on news of its demerger. Colgate also saw upward movement. However, the Tata Tea stock saw some downward pressure as tea prices are expected to weaken. By and large fast-moving consumer goods (FMCG) stocks did not move significantly over the last week.

Equitymaster requests your view! Post a comment on "Sectoral Funds - Weekly roundup". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Hotel Stocks Will Reward Investors (Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

Don't Break These 5 Intraday Trading Rules (Fast Profits Daily)

Jun 1, 2021

To become a better intraday trader, follow these rules religiously.

Is the RBI's 'Bubble Talk' Signalling a Market Crash? (Profit Hunter)

May 31, 2021

Is the Indian central bank correct in warning you about a market crash?

Rs 2 Trillion Stimulus Coming to a Stock Market Near You (Profit Hunter)

Jun 2, 2021

Get ready to profit from a massive stimulus that you've never seen before.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS