The Nifty ended the month -1.95% (-3.50% in USD terms)
Index Performance
Banks dragged while midcaps rallied…
Top Winners and Losers
ETFs
| INFRABEES | +1.91% |
| JUNIORBEES | +1.40% |
| GOLDBEES | +0.36% |
| NIFTYBEES | -1.84% |
| BANKBEES | -2.47% |
| PSUBNKBEES | -3.08% |
Yield Curve
Rates drifted up…
Interbank Rates
Zooming out to look at the big picture:
Sector performance
Investment Theme Performance
| Quality to Price | +15.63% |
| Balance-sheet Strength | +3.97% |
| Growth with Moat | +3.39% |
| Financial Strength Value | +2.30% |
| Magic Formula Investing | +1.97% |
| Market Fliers | +0.19% |
| Momentum 200 | +0.14% |
| ADAG Mania | +0.09% |
| Market Elephants | -0.80% |
| Efficient Growth | -1.61% |
| Enterprise Yield | -1.62% |
Thought to sum up the month
Techpinions’ article on why Microsoft is failing has a number of quotable quotes:
If you don’t make a total commitment to whatever you’re doing, then you start looking to bail out the first time the boat starts leaking. It’s tough enough getting that boat to shore with everybody rowing, let alone when a guy stands up and starts putting his jacket on. ~ Lou Holtz
It is better to run back than run the wrong way. ~ Proverbs
Motivation alone is not enough. If you have an idiot and you motivate him, now you have a motivated idiot. ~ Jim Rohn
In this business, by the time you realize you’re in trouble, it’s too late to save yourself. ~ Bill Gates
Its a wonderful read.
Source: Microsoft: Failing By Design