The Nifty shot up +3.01% (+4.05% in USD terms) this week. Midcaps and banks led the way…
Index Performance
Top Winners and Losers
| BHEL | +14.00% |
| CROMPGREAV | +15.70% |
| JPASSOCIAT | +16.16% |
| APOLLOHOSP | -4.57% |
| MPHASIS | -3.21% |
| BHARTIARTL | -2.65% |
JP Associates did a parabolic up-move… next stop: infinity!
ETFs
| BANKBEES | +4.50% |
| NIFTYBEES | +2.86% |
| INFRABEES | +2.41% |
| PSUBNKBEES | +2.30% |
| JUNIORBEES | +1.94% |
| GOLDBEES | -0.14% |
Banks stole the show, followed by infrastructure… the market might be smelling a turnaround and likes it!
Advancers and Decliners
Can you spot the small uptick in sentiment?
Yield Curve
Interbank Rates
Investment Theme Performance
| Market Fliers | +5.76% |
| ADAG Mania | +5.01% |
| Quality to Price | +4.55% |
| Growth with Moat | +3.24% |
| Momentum 200 | +2.93% |
| Enterprise Yield | +1.82% |
| Velocity | +1.80% |
| Long Term Equity | +1.78% |
| Magic Formula Investing | +1.35% |
| Efficient Growth | +1.33% |
| Balance-sheet Strength | +0.66% |
| Market Elephants | +0.53% |
| Financial Strength Value | +0.31% |
High beta outperformed while Velocity lagged… regime change in progress?
Sector Performance
Why in the name of God are textile stocks rallying? I thought we long since ceded to industry to Bangladesh and Vietnam?
Thought for the Weekend
Heart wrenching:
You have to understand that we know that we will never not feel tired. We will never feel hopeful. We will never get a vacation. Ever. We know that the very act of being poor guarantees that we will never not be poor. It doesn’t give us much reason to improve ourselves.