The month of September started off peacefully and then the markets took a turn for the better post the takeover of the RBI’s helm by Raghuram Rajan and subsequently the postponement of Tapering by the US Federal Reserve. At the time of the FED euphoria I had warned that the euphoria seems to be a […]
Read MoreI guess the FED TAPERING or Not Tapering event would have been the most watched show on business channels in India and abroad for the year 2013. As it turned out the FED decided to oblige the Emerging Markets and gave them a breathing space to adjust their policies and get in control of their […]
Read MoreOver the last several weeks the obsession with the INR has grown substantially and with every passing day this has become the topic of discussion and also a source of panic for the equity and bond markets. Given the structural issues related to inelastic imports and elastic exports the policy makers of the country never […]
Read MoreBuying gold has been a tradition in India not only for decades but for centuries. Wearing gold jewellery and gifting the same in marriages is a part of Indian tradition. Over the last 10-15 years there has also been a huge increase in buying of gold in the form of coins and bars for two […]
Read MoreOver the last few weeks we have seen unprecedented volatility in most asset classes. It has become fashionable globally as well as in India to blame everything on ‘FED TAPERING FEARS’. It is most ridiculous that structural problems that face various economies starting right from the United States to Europe to Emerging Economies is being […]
Read MoreLike most other policy actions of the government the entire process of disinvestment has now become one of destructive disinvestment. Initially when the entire disinvestment programme was launched in a bigger manner under the NDA government the idea was to use potentially positive policy moves to disinvest or sell out companies in a strategic sale […]
Read MoreOver the last few days I was thinking of what to write on. As such I thought that it might be apt to start the article from where I left off the last article. The most interesting thing that I found when I was writing the last piece were the very interesting formations that I […]
Read MoreSubsequent to the confirmation by the US Fed that Tapering of Asset Purchases is going to be a reality now we saw the markets sell of sharply. Even prior to the event I had written in my last article that we should not fear FED Tapering but welcome it. The main logic’s being that firstly […]
Read MoreOver the last few weeks equity markets world over, especially in the emerging markets have corrected sharply, mainly due to the bogey created around the Tapering of Asset Purchases by the US Federal Reserve and the impact of that on global liquidity as well as flows into emerging markets. Not only have equities sold off, […]
Read MoreHistorically I have never been a believer in stock market seasonality and would typically laugh off comments where people would recommend buying into particular months or selling into others. The most often used seasonal comment in the markets is “Sell in May and go away”. However as I looked at data over the last 4 […]
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