Weekly Recap: Making the Right Decision

nifity weekly performance heatmap

The markets got crushed this week. The Nifty ended -2.64% (-3.92% in USD terms).

Index Performance

The biggest losers were banks but pharma was spared most of the pain.

index weekly performance

Top winners and losers

SAIL +6.87%
TECHM +9.77%
UBL -12.39%
Tech Mahindra rallied on better than expected results and outlook…


Bank ETFs continued to see red. Shouldn’t an improving economic outlook help banks manage their bad loans? I’ll chalk this one up to profit-taking…

Advancers and Decliners

advance-decline chart

Yield Curve

Long-bonds would have got shellacked this week…

indian yield curve

Interbank rates

… however, interbank lending rates (MIBOR) continued to stabilize.

india interbank lending rates

Sector Performance

Titan, a big component of the “Gems Jewellery and Watches” sector got trounced when the RBI refused to hike the FII investment limit in the company…

weekly sector performance chart

Investment Theme Performance

Our Quantitative Value Investment Theme continued to beat out other model portfolios…

Thought for the Weekend

Scott McNealy — a co-founder of Sun Microsystems:

It’s important to make good decisions. But I spend much less time and energy worrying about “making the right decision” and much more time and energy ensuring that any decision I make turns out right.

Merely selecting the “best” option doesn’t guarantee that things will turn out well in the long run, just as making a sub-optimal choice doesn’t doom us to failure or unhappiness. It’s what happens next (and in the days, months, and years that follow) that ultimately determines whether a given decision was “right.”

Source: Stop Worrying About Making the Right Decision

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