The Nifty ended the week -2.98% (-2.30% in USD terms.) Banks took much of the heat.
Index Performance
Top Winners and Losers
Yesbank continued its roller-coaster ride…
ETFs
| INFRABEES | +2.50% |
| JUNIORBEES | -0.08% |
| GOLDBEES | -0.44% |
| NIFTYBEES | -2.79% |
| PSUBNKBEES | -5.90% |
| BANKBEES | -6.64% |
Is infrastructure finally turning the corner or is this a dead-cat bounce after tumbling last week?
Advancers and Decliners
Yield Curve
Long term rates ended higher – it looks like the market is pricing in 50bps rate hike?
Interbank Rates
The rates that banks charge each other has come down over the last 30 days. Does it mean that the liquidity crunch is nearing an end?
Sector Performance
Thought for the Weekend
It means assuming the opposition is a legitimate threat until they prove otherwise, rather than assuming that they’re incompetent. Most of all, it means abandoning the belief that we deserve to win, and instead believing we have to earn all of our victories the hard way.
Source: The fallacy of inept bad guys