You might be surprised by this data : Out of 50 stocks, 15 have underperformed compared to the Nifty index

Are you reviewing your portfolio ?

Nifty has delivered a good return of 25% in the last 12 months (till 24 June 2024). But, you will be surprised to know that some highly popular stocks clocked negative returns in the same period ?

Asian Paints, HDFC Life, ITC, Hindustan Unilever & Kotak Bank were among those stocks that not only underperformed the benchmark but also yielded a negative return thus dragging the index down.

If your portfolio continues to have some of these names, it is time to ask yourself if you have a proper system of portfolio review and rebalance.

Today’s Daily Byte

Nifty, as you can see, gapped down and took a very nice support at this previous high, which is a very, you know, technically, absolutely great point to revert from. The market opened gap down and it closed 0.16% up. It didn't go up much, but what you can see is that over the last nine sessions, sort of a limiting market in the sense that it opened and it just didn't go anywhere or it usually came down as you had eight out of nine candles being red.

The major story of the day is this front running scare in the markets. Should you be worried what is front running? Watch the video below to find out

Reading Time : 4 Minutes

Make money or Love stocks ?

Let’s take a closer look at the Nifty 50 stocks from the past year. Out of 50 stocks, 15 have underperformed compared to the Nifty index. The numbers might surprise you.

For instance, Asian Paints underperformed by 36.13%, Hindustan Unilever by 32.94%, and Kotak Mahindra Bank by 32%. Other notable names like ITC, HDFC Bank, and Bajaj Finance also lagged behind.

These stocks were expected to do well but fell short of expectations.. . . . .

Reading Time : 3 Minutes

India vs US markets

You might be surprised by this data. The white line represents the CNX 500 India index in dollar terms, and the blue line represents the S&P 500 in dollar terms.

Many people believe that the US market, specifically the top 500 stocks, performs much better than the Indian market.

However, a comparison between the S&P 500 and the CNX 500 from 1999 to now shows a different story.. . . . .

Reading Time : 3 Minutes