M AN AMAZING MONTH There is only one way to describe the resilience of the Indian Stock Markets. Its Extraordinary. While most other markets sold off in the earlier part of this year, actually till last month the Indian Markets held up very well. However as other markets saw a good rally in October we […]
Read MoreThere is only one way to describe the resilience of the Indian Stock Markets. Its Extraordinary. After the strong rally of last month we saw a follow up with the Nifty again climbing by another 3.5% and Midcaps outperforming with a rally of 6.2%. This was despite little respite on the macro concerns plaguing the […]
Read MoreThe month of June was the third consecutive down month for the markets. The Nifty declined by and the Midcap Indices underperformed with a decline of . The familiar concerns continued with inflation being the biggest bugbear combined with extremely rigid crude oil prices. The Russia Ukrain conflict doesn’t seem to be ending anytime soon […]
Read MoreThe last one month has been one of even greater volatility for the markets. While I was cautious on the markets due to factors like high inflation, spike in bond yields and persistently rising crude oil prices the Russia Ukraine crisis put a whole new dimension to the volatility angle. Historically geopolitical news flow has […]
Read MoreSince the beginning of the year markets have been very volatile all over the world driven primarily by high inflation, spike in bond yields, persistently rising crude oil prices as well as geopolitical news flow. Historically geopolitical news flow has had a short term impact on the markets with no sustainable long term impact. However […]
Read MoreA The year 2021 in many ways turned out to be different that what was expected during the beginning of the year where at the same time last year when Vaccines were being rolled out I had thought that at the same time this year Covid might be over. However as I write the Omicron […]
Read MoreThe current week was another extraordinary one for the Indian Markets with the markets rallying further largely driven by retail investor flows. Globally markets were mixed with most markets showing selloffs and then bounce backs. The weeks started off with huge concerns around the Evergrande Crisis in China which was touted as a “Lehman Moment” […]
Read MoreThe last 25 years have been all about the rise of China. Although political freedom never came, the country prospered initially via export led growth combined with huge fixed asset investments and then a huge jump in consumer demand driven by a huge uptick in per capita GDP. Currency, interest rates, subsidies, copy cat technologies […]
Read MoreThe month of August, I must confess went completely contrary to my expectations where I had expected the markets to cool off given the high valuations and growing speculative excesses along with the huge money drain out from sub par IPO’s priced very aggressively. However the markets this month completely moved to the other side […]
Read MoreThe current month saw significant divergences in performance across markets and asset classes. On one side the commodity rally continued with soft commodities joining in, bond yields continued to hover around lower levels despite a pick up in economic growth, Covid continued to form new waves in different countries even as the efficacy of Vaccines […]
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