The Nifty was off 2.40% for the month where most emerging market stocks got slaughtered by all the “tapering” talk. The best performer was IT, although the latest outlook by Accenture doesn’t paint a rosy picture.
FIIs pulled close to $1.85 billion out of equity markets and close to $5.68 billion out of debt. Domestic institutionals hoovered up about Rs. 64 thousand crores of debt and blew out Rs. 98 crores of equity.
ETFs
| NIFTYBEES | -2.00% |
| PSUBNKBEES | -2.21% |
| INFRABEES | -3.22% |
| JUNIORBEES | -5.48% |
| BANKBEES | -6.90% |
| GOLDBEES | -7.45% |
Gold was the most under-performing asset in June with banks following a close second-to-last.
Top Winners and Losers (CNX 100)
Titan followed most gold retailers and miners down, hit by a double whammy of falling international gold prices and the RBI’s effort to curb gold investments.
Index Performance
Sector Performance
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