Oh what a week! It took Rajan’s encouraging words to salvage what could have been a complete rout. Nifty: -1.38% (-1.90% in USD terms)
Index Performance
Top Winners and Losers
| TATASTEEL | +5.51% |
| DIVISLAB | +12.53% |
| ADANIENT | +12.58% |
| ASHOKLEY | -10.91% |
| TATAGLOBAL | -10.09% |
| RELINFRA | -8.49% |
Etfs
| JUNIORBEES | +1.11% |
| GOLDBEES | +0.98% |
| INFRABEES | -0.22% |
| BANKBEES | -0.53% |
| PSUBNKBEES | -1.42% |
| NIFTYBEES | -1.49% |
Advancers and Decliners
Yield Curve
Holiday-shortened four day week. Can’t read much into this…
Interbank Rates
Sector Performance
Investment Theme Performance
| Financial Strength Value | +1.19% |
| Balance-sheet Strength | +0.37% |
| Magic Formula Investing | +0.04% |
| Growth with Moat | -0.31% |
| Momentum 200 | -0.38% |
| Efficient Growth | -0.40% |
| Market Elephants | -0.54% |
| Enterprise Yield | -2.28% |
| Market Fliers | -2.29% |
| ADAG Mania | -3.74% |
| Quality to Price | -6.21% |
Thought for the Weekend
Tolstoy was a fox whose work was somewhat compromised, especially later in his life, by his belief that one ought to be a hedgehog. To choose Tolstoy is to accept that Pahom ought to have limited his ambitions and chosen to act dead rather than die trying to own the world.
Chekov is pure fox. He offers many conflicting, ambiguous and impressionistic takes on the human condition. But on one point he is unambiguous: in the acting dead/choosing life decision, Chekov is unwavering in his assertion that choosing life is the right thing to do, whatever that choice might entail.
Russia chose wrong, and ended up with the Soviet Union.
Source: The Gooseberry Fallacy