It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Banking funds shine in strong 2012 for equities
NEW DELHI |
NEW DELHI (Reuters) - Funds focused on banks were the top performers in India in 2012, according to data from fund tracker Lipper, a Thomson Reuters company, after the banking sub-index surged nearly 57 percent last year.
Indian shares ended 2012 with their best gain in three years as strong foreign inflows and the government's fiscal and economic reforms outweighed worries about the domestic economy.
ICICI Prudential Banking & Finance Services Fund was the best performing fund in 2012, registering gains of 72.2 percent, followed by Reliance Banking Fund which clocked a rise of 60.5 percent.
(Reporting by Aditya Kalra; Editing by Subhranshu Sahu)
- Tweet this
- Share this
- Digg this