The Nifty posted a decent +1.65% this week (+1.96% in USD) in spite of Friday’s sell off.
Equities
| MINTs | |
|---|---|
| JCI(IDN) | +0.04% |
| INMEX(MEX) | +0.70% |
| NGSEINDX(NGA) | -1.41% |
| XU030(TUR) | +2.49% |
| BRICS | |
|---|---|
| IBOV(BRA) | +1.15% |
| SHCOMP(CHN) | +3.28% |
| NIFTY(IND) | +1.65% |
| INDEXCF(RUS) | -2.43% |
| TOP40(ZAF) | -0.37% |
Commodities
| Energy | |
|---|---|
| Brent Crude Oil | +1.03% |
| Ethanol | +1.91% |
| Heating Oil | +2.17% |
| Natural Gas | -4.23% |
| RBOB Gasoline | +0.10% |
| WTI Crude Oil | -1.26% |
| Metals | |
|---|---|
| Copper | +1.89% |
| Gold 100oz | -1.08% |
| Palladium | -0.19% |
| Platinum | -0.50% |
| Silver 5000oz | +0.00% |
Currencies
| MINTs | |
|---|---|
| USDIDR(IDN) | -0.32% |
| USDMXN(MEX) | -0.10% |
| USDNGN(NGA) | -0.09% |
| USDTRY(TUR) | -1.39% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +0.10% |
| USDCNY(CHN) | -0.26% |
| USDINR(IND) | -0.30% |
| USDRUB(RUS) | +0.03% |
| USDZAR(ZAF) | -1.23% |
| Agricultural | |
|---|---|
| Cattle | +4.70% |
| Cocoa | +2.80% |
| Coffee (Arabica) | +9.03% |
| Coffee (Robusta) | +1.09% |
| Corn | -2.42% |
| Cotton | -5.41% |
| Feeder Cattle | +2.91% |
| Lean Hogs | -2.67% |
| Lumber | +0.06% |
| Orange Juice | -3.14% |
| Soybean Meal | +4.63% |
| Soybeans | +2.82% |
| Sugar #11 | +1.00% |
| Wheat | +1.22% |
| White Sugar | -0.47% |
Nifty Heatmap
Index Returns
Sector Performance
Market Cap Decile Performance
| Decile | Mkt. Cap. | Advance/Decline |
|---|---|---|
| 1 (micro-cap) | -6.16% | 68/66 |
| 2 | -0.32% | 62/72 |
| 3 | -3.25% | 60/74 |
| 4 | -0.68% | 62/72 |
| 5 | +0.39% | 70/64 |
| 6 | -2.19% | 60/74 |
| 7 | +0.03% | 65/69 |
| 8 | -1.79% | 60/74 |
| 9 | -0.05% | 66/68 |
| 10 (mega-cap) | +1.07% | 70/64 |
Most of the market performance was centered around large-caps.
Top Winners and Losers
| HDFC | +8.62% |
| ASIANPAINT | +9.81% |
| GLENMARK | +11.84% |
| CAIRN | -10.61% |
| CROMPGREAV | -8.26% |
| DLF | -7.35% |
A dick move by Cairn sent its stock reeling. After insisting that it need the cash for expansion (and not paying it out in dividends and being less than honest about its buyback), it loans $1.25 billion to Vedanta. Independent directors sleeping at the wheel as usual.
ETFs
| NIFTYBEES | +1.47% |
| BANKBEES | +0.09% |
| INFRABEES | -0.79% |
| JUNIORBEES | -1.64% |
| GOLDBEES | -1.70% |
| PSUBNKBEES | -4.69% |
Banks vs. PSU banks – its a walk off!
Investment Theme Performance
| Financial Strength Value | +2.40% |
| Long Term Equity* | +1.70% |
| Efficient Growth | +1.62% |
| Consistent10* | +1.47% |
| Market Elephants | +1.46% |
| Enterprise Yield | -0.12% |
| IT 3rd Benchers | -0.22% |
| Growth with Moat | -0.24% |
| Quality to Price | -0.55% |
| Balance-sheet Strength | -1.27% |
| Refract: PPFAS Long Term Value Fund+ | -1.42% |
| Magic Formula Investing | -1.44% |
| Industrial Value | -2.47% |
| ADAG Mania | -2.55% |
| Momentum 200 | -4.88% |
| Market Fliers | -5.88% |
We have this thing called “Refract” going on where we plan to take the NSE equity only portion of a mutual fund’s portfolio and setup an equally weighted theme. Its a live experiment, so follow along…
Yield Curve
Advance Decline
July Nifty OI
August Nifty OI
Thought for the weekend
8 things that you understand intellectually, but don’t accept in reality.
- Anyone can outperform at any time, no one can outperform all the time.
- Persistence of performance is nearly non-existent.
- Taxes and commissions matter.
- Smart doesn’t equal good.
- Incentives matter.
- The crowd is always at its most wrong at the worst possible time.
- Fear is significantly more powerful than greed.
- There is no pleasure without the potential for pain.