The Nifty ended the week +1.53% (1.33% in USD terms) largely driven by the metal and energy complex.
Index Performance
Top winners and losers
ETFs
| GOLDBEES | +2.89% |
| BANKBEES | +1.69% |
| NIFTYBEES | +1.45% |
| JUNIORBEES | -0.60% |
| INFRABEES | -1.85% |
| PSUBNKBEES | -5.25% |
Advancers and Decliners
Yield Curve
The curve seems to be pricing in a rate hike, given high inflation numbers…
Interbank Rates
… with 3-month bank-to-bank lending still around 10%
Sector performance
Investment theme performance
| Enterprise Yield | +1.57% |
| Balance-sheet Strength | +1.36% |
| Efficient Growth | +1.30% |
| ADAG Mania | +1.22% |
| Growth with Moat | +0.48% |
| Market Elephants | +0.11% |
| Momentum 200 | -0.88% |
| Magic Formula Investing | -0.89% |
| Financial Strength Value | -0.98% |
| Quality to Price | -1.49% |
Thought for the weekend
It is perfectly obvious that in any decent occupation (such as bricklaying or writing books) there are only two ways (in any special sense) of succeeding. One is by doing very good work, the other is by cheating. Both are much too simple to require any literary explanation. If you are in for the high jump, either jump higher than any one else, or manage somehow to pretend that you have done so. If you want to succeed at whist, either be a good whist-player, or play with marked cards. You may want a book about jumping; you may want a book about whist; you may want a book about cheating at whist. But you cannot want a book about Success. Especially you cannot want a book about Success such as those which you can now find scattered by the hundred about the book-market. You may want to jump or to play cards; but you do not want to read wandering statements to the effect that jumping is jumping, or that games are won by winners.
Source: The Fallacy of Success