Weekly Recap: Nobody Really Understands Gold

NIFTY.2013-07-12.2013-07-19

The Nifty clocked in a modest +0.34% rise this week, largely driven by FMCG.

Index Performance

indexperf.2013-07-12.2013-07-19

 

Top Winners and Losers (CNX 100)

 

GODREJCP +11.88%
GSKCONS +13.49%
HINDUNILVR +14.05%
ASHOKLEY -14.61%
YESBANK -13.43%
INDUSINDBK -11.50%
FMCG stole the show while Ashok Leyland stock holders lost their shirts…

ETFs

GOLDBEES +0.65%
NIFTYBEES +0.50%
JUNIORBEES +0.22%
INFRABEES -1.00%
PSUBNKBEES -5.14%
BANKBEES -5.42%
Banks got hammered thanks to RBI’s liquidity draining actions to support the rupee…

Advancers Decliners

The A/D line continued on its downward trajectory…
adline2.2013-07-12.2013-07-19

Yield Curve

The yield curve inverted…
yieldCurve.2013-07-12.2013-07-19

Sector Performance

And the market went all defense…

sectorperf.2013-07-12.2013-07-19

Thought for the weekend

Mr. Bernanke, Fed Chairman: Nobody really understands gold prices and I don’t pretend to understand them either.

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