This was one volatile week for Nifty: -0.66% for the week but huge gyrations throughout.
Index Performance
If you thought banks were the worst performers, given RBI moves, think again. It was media and pharma stocks that got walloped.
Top winners and losers
ETFs
| PSUBNKBEES | +2.27% |
| GOLDBEES | +1.68% |
| INFRABEES | -0.34% |
| NIFTYBEES | -1.41% |
| BANKBEES | -1.59% |
| JUNIORBEES | -4.36% |
Advancers and Decliners
Yield Curve
Inverted but stable… its like saying the patient in the ICU is in a stable coma…
Sector Performance
Metal and mining stocks rallied away… is the market pricing in a turn of the cycle already?
Thought for the weekend
Europe at first lagged well behind India and China in numerous technologies, such as cotton processing and textile spinning, its economic development leapt ahead because of 3 factors. Elites were legally blocked from expropriating property; contracts could be enforced; and the West developed cultural emphases on independent thinking, secularism, and saving money, fostering the growth of technology and human capital.