An equal-weight Nifty index has outperformed the broader Nifty over the past year, returning 15.14% compared to the Nifty’s 11.63%. This strategy benefited as underperforming blue-chip stocks, like TCS, Infosys, and RIL, had less influence. Fund houses have responded by launching several equal-weight index-based schemes.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a