Nifty ended the week down -1.00% (-0.94% in USD terms). Media and pharma dragged.
Index Performance
Top winners and losers
| MCDOWELL-N | +4.67% |
| CROMPGREAV | +4.91% |
| CUMMINSIND | +6.81% |
| ZEEL | -8.67% |
| SSLT | -8.65% |
| BAJAJ-AUTO | -7.15% |
Taper much? Bajaj Auto: a parabolic up move followed by an equally swift down-move (what were they smoking?)
ETFs
| PSUBNKBEES | +1.36% |
| INFRABEES | -0.64% |
| GOLDBEES | -0.65% |
| JUNIORBEES | -0.84% |
| NIFTYBEES | -0.88% |
| BANKBEES | -1.65% |
PSU Banks – they are so bad that they are good…
Advancers and Decliners
Have all the weak hands finally been shaken out?
Yield Curve
Interbank Rates
Investment Theme Performance
| Quality to Price | +7.26% |
| Financial Strength Value | +0.97% |
| ADAG Mania | +0.01% |
| Balance-sheet Strength | -0.24% |
| Magic Formula Investing | -0.53% |
| Enterprise Yield | -0.57% |
| Growth with Moat | -0.75% |
| Market Elephants | -0.85% |
| Velocity | -1.20% |
| Momentum 200 | -1.24% |
| Efficient Growth | -2.15% |
| Market Fliers | -2.81% |
High beta got crushed, and the market discovered value…
Thought for the weekend
Jim Simons, the founder of Renaissance Technologies:
I’ll tell you some guiding principles that I think would work very well:
One thing I’ve always done is do something new.
Second, collaborate with the best people you possibly can.
Be guided by beauty.
Don’t give up.
Finally, hope for some good luck.
Source: Secret Sauce: Jim Simons on Life and Building a Business