The Nifty ended on a tepid note: -0.72% (-1.28% in USD terms).
Index Performance
Media outperformed by a mile and a half…
Top Winners and Losers
| ADANIENT | +10.58% |
| FEDERALBNK | +12.54% |
| UBL | +13.76% |
| BHEL | -7.07% |
| JINDALSTEL | -6.84% |
| EXIDEIND | -5.59% |
Jindal Steel gave up most of its recent gains…
Etfs
| PSUBNKBEES | +4.53% |
| GOLDBEES | +3.04% |
| JUNIORBEES | +1.58% |
| BANKBEES | +1.47% |
| INFRABEES | +0.70% |
| NIFTYBEES | -0.45% |
PSU Banks put in a strong performance. This is what happens to your stock price when a truck filled with cash rams into your door…
Advancers and Decliners
Yield Curve
All quiet on the rate front…
Interbank Rates
… interbank lending rates continue to fall.
Sector Performance
Investment Theme Performance
| Quality to Price | +6.01% |
| Financial Strength Value | +1.72% |
| Magic Formula Investing | +1.16% |
| ADAG Mania | +0.71% |
| Balance-sheet Strength | +0.25% |
| Momentum 200 | +0.21% |
| Growth with Moat | -0.04% |
| Efficient Growth | -0.68% |
| Market Elephants | -1.77% |
| Enterprise Yield | -6.80% |
Momentum barely broke even while value portfolios performed
Thought for the Weekend
The more we look for new rationale to make decisions, the further we are from understanding. The harder we look, the more we’ll find. The more we find, the more we’ll mis-weigh what we find. The more we mis-weigh, the more likely we are to make a poor decision.
Source: More information might not improve your ability to make decisions
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