The markets got crushed this week. The Nifty ended -2.64% (-3.92% in USD terms).
Index Performance
The biggest losers were banks but pharma was spared most of the pain.
Top winners and losers
| ADANIENT | +6.43% |
| SAIL | +6.87% |
| TECHM | +9.77% |
| SRTRANSFIN | -12.84% |
| UBL | -12.39% |
| BANKBARODA | -10.46% |
ETFs
| INFRABEES | +0.47% |
| GOLDBEES | -0.35% |
| JUNIORBEES | -1.68% |
| NIFTYBEES | -2.58% |
| PSUBNKBEES | -5.57% |
| BANKBEES | -6.12% |
Advancers and Decliners
Yield Curve
Long-bonds would have got shellacked this week…
Interbank rates
… however, interbank lending rates (MIBOR) continued to stabilize.
Sector Performance
Titan, a big component of the “Gems Jewellery and Watches” sector got trounced when the RBI refused to hike the FII investment limit in the company…
Investment Theme Performance
| Quality to Price | +7.14% |
| Balance-sheet Strength | +2.27% |
| Magic Formula Investing | +1.33% |
| Financial Strength Value | +0.75% |
| Growth with Moat | +0.50% |
| Market Elephants | -0.40% |
| Efficient Growth | -0.63% |
| Momentum 200 | -1.06% |
| Enterprise Yield | -1.55% |
| ADAG Mania | -2.21% |
| Market Fliers | -4.22% |
Thought for the Weekend
Scott McNealy — a co-founder of Sun Microsystems:
It’s important to make good decisions. But I spend much less time and energy worrying about “making the right decision” and much more time and energy ensuring that any decision I make turns out right.
Merely selecting the “best” option doesn’t guarantee that things will turn out well in the long run, just as making a sub-optimal choice doesn’t doom us to failure or unhappiness. It’s what happens next (and in the days, months, and years that follow) that ultimately determines whether a given decision was “right.”