The Nify rallied +3.20% (3.62% in USD) as investors chose to ignore the gloom-and-doom surrounding realty and focused on the positives in IT.
Index Performance
Top winners and losers
ETFs
| BANKBEES | +3.79% |
| PSUBNKBEES | +3.70% |
| JUNIORBEES | +3.25% |
| NIFTYBEES | +3.12% |
| INFRABEES | +2.91% |
| GOLDBEES | +0.63% |
Advancers and Decliners
Yield Curve
Yields are down on the back of internationalization efforts of the RBI. Although much work needs to done, the markets seem to be giving RBI the benefit of the doubt…
Interbank Rates
… and banks are lending freely to each other, as evidenced by the falling MIBOR rates.
Sector Performance
Thought for the Weekend
Does social media keep people confused, misled and doped up? Social media keeps us engaged in the activities of semi-imaginary role playing and distracts us from events and action in the real world. As long as we’re busy pretending to be cool or acting outraged online, we won’t be fully present or even really care about legitimate problems. In giving us a chimerical outlet to speak our minds, get distracted playing a role in a game, and get our fix of dopamine, social media is the perfect opiate for keeping the masses deluded and powerless.