5.5.2023 Daily Stock Portfolio performance .
Today on 5.5.2023 stock market has witnessed a down move, #nifty has moved down -186 points (-1.02%) and closed at 18,069. #midcap100 has moved down -225 points (-0.70%) and closed at 32,148. #smallcap has moved down 80 points (-0.82%) and closed at 9,729. Stock portfolio has moved down ₹10,524 (-0.45%) and now latest value of portfolio is at ₹23,28,473.
Today it has #titan who attempted to pull the portfolio with upmove of 2.34% along with #asianpaints (+1.01%) but it failed to pull the portfolio in green but as #hdfcbank seen downmove of more than 5% (-5.91) along with #recltd (-3.36%) and #bdl (#bharatdynamics ) remain weak (-2.16%).
About stock market, especially about #hdfcbank - Today it fell because of MSCI rebalancing, where its likely to see outflow of around 1500 crores. But the thing I was wondering is, the company with market cap of more than 15 lakh crore (combined entity) is down 5% on just news of outflow of 1500 crores. Strange isn't it🤔.
Any way, we are long term investor and hence we will simply overlook this short term volatility and move on. that's it.
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