The Nifty put in a respectable +1.77% (+1.96% in USD terms.)
Index performance
Financials largely drove the rally, after spending weeks in the red…
Top winners and losers
| INDHOTEL | +12.23% |
| ADANIPORTS | +13.74% |
| ADANIENT | +15.99% |
| RCOM | -8.08% |
| NMDC | -5.71% |
| BHARTIARTL | -5.65% |
ETFs
| BANKBEES | +3.36% |
| INFRABEES | +3.17% |
| JUNIORBEES | +3.12% |
| NIFTYBEES | +1.61% |
| GOLDBEES | +1.21% |
| PSUBNKBEES | +0.57% |
Advancers and decliners
Not much hope here…
Investment Theme Performance
| Balance-sheet Strength | +5.65% |
| Long Term Equity* | +4.19% |
| IT 3rd Benchers | +3.91% |
| ADAG Mania | +3.62% |
| Momentum 200 | +3.26% |
| Magic Formula Investing | +3.25% |
| Velocity* | +2.50% |
| Consistent10* | +2.11% |
| Market Elephants | +1.77% |
| Financial Strength Value | +1.55% |
| Enterprise Yield | +1.34% |
| Growth with Moat | +1.23% |
| Market Fliers | +0.72% |
| Efficient Growth | +0.63% |
| Quality to Price | +0.16% |
Sector Performance
The most battered sectors staged a comeback… Will this rally sustain?
Yield Curve
No big moves…
Interbank lending rates
But the rate at which banks are lending to each other seems to be ticking up… Are stressed banks being forced to pay up?
Thought for the weekend
There is nature vs. nurture debate brewing when it comes it investing.
Seth Klarman, renowned value investor and president of the Boston-based Baupost Group, which manages $26 billion in hedge-fund assets, has this to say:
most people might possess “a dominant gene” for chasing hot performance and overhyped assets, while only a minority have “the recessive value gene” that confers a patient preference for whatever is battered and unpopular.
Many investors may in fact have a genetic predisposition to hunt for bargains in the stock market—although the environment you grew up in also powerfully shapes the kind of investor you become.
Source: The ABCs of Investors’ DNA
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