Mutual funds increase exposure to banking, IT stocks amid outperformance

Quick Summary:

Compared to a 6.5 per cent fall in the Nifty 50 during the October-November period, the Nifty IT index rose 2.9 per cent, and the Nifty Bank index declined 1.

In the case of IT, the average exposure rose from 11 per cent to 12 per cent.

The outperformance of IT stocks in recent months has been driven by positive commentaries from US companies, along with the expectation of rate cuts in the US.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Mutual Funds Indian stock market Mutual funds investment strategy Banking Information technology Banking IT stocks Banking sector performance IT stocks outperformance IT stocks exposure

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 19:01:25 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24537315

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Official Website: business-standard.com

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Year Established: 1975

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