Trekking through the markets Market narrows further, volatility heightens After a highly volatile and tentative week of trading, Nifty managed to close with 1% gains. However, the market breadth was so narrow that total market capitalization was lower week on week. The gains were mostly led by a few financials (mostly NBFCs) and consumer stocks….
Indian Financial Sector: Learn from history, don’t repeat it
Indian Financial Sector: Learn from history, don’t repeat it We mentioned in our notes earlier this month , that India may be standing at the threshold of an industrial revolution of its own. If the present trend continues, we may soon see the share of manufacturing in the national income rising materially. The fear is…
Equity Market: Be selective about stocks and fund managers
Equity Market: Be selective about stocks and fund managers Continuing from yesterday ….. My dear friend, lamented last night “I hadn’t envisaged such sustained phase of rich valuation alongside weakness in earnings”. I think he hit the nail right on head. Politics, geo politics, trade war, liquidity, and debt market crisis are all facades most…
Equity Market: Caught in perfect storm of sorts
Equity Market: Caught in perfect storm of sorts The markets are witnessing a perfect storm of sorts. (1) Sino-US trade conflict is rattling global markets as growth outlook gets clouded. (2) The debt market is jittery with a spate of downgrades raising possibilities of further defaults and a fresh round of slippages. (3) Poor auto…
US-China Trade War: India may be standing where China stood in 1985
US-China Trade War: India may be standing where China stood in 1985 We have been occasionally sharing my thoughts about the ongoing Sino-US trade conflict. Last year,We noted that trade wars may be as old as trade itself. More notably— · In the year 1689, British monarch William of Orange put steep tariffs on French wine….
Nifty View: Momentum rises further, outlook continues worsen
Trekking through the markets Momentum rises further, outlook continues worsen Indian equities sold off sharply, led by commodities (metals and energy) last week, in line with the global peers. Hike in US tariffs on Chinese imports led the global collapse, as growth outlook worsens. Momentum rose sharply, as market breadth collapses and volatility rises. Volumes…