Equities
The Nifty ended the week +1.56% (+2.60% in USD terms.)
| MINTs | |
|---|---|
| JCI(IDN) | +0.84% |
| INMEX(MEX) | +1.55% |
| NGSEINDX(NGA) | -0.45% |
| XU030(TUR) | +1.79% |
| BRICS | |
|---|---|
| IBOV(BRA) | +4.95% |
| SHCOMP(CHN) | +1.56% |
| NIFTY(IND) | +1.56% |
| INDEXCF(RUS) | +2.50% |
| TOP40(ZAF) | +0.14% |
Commodities
| Energy | |
|---|---|
| Brent Crude Oil | +0.25% |
| Ethanol | -0.74% |
| Heating Oil | +0.36% |
| Natural Gas | -1.71% |
| RBOB Gasoline | +2.71% |
| WTI Crude Oil | -2.23% |
| Metals | |
|---|---|
| Copper | +3.90% |
| Gold 100oz | -2.44% |
| Palladium | +0.54% |
| Platinum | -3.10% |
| Silver 5000oz | -2.02% |
Currencies
| MINTs | |
|---|---|
| USDIDR(IDN) | -0.05% |
| USDMXN(MEX) | +0.38% |
| USDNGN(NGA) | -0.25% |
| USDTRY(TUR) | +1.08% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +0.47% |
| USDCNY(CHN) | -0.00% |
| USDINR(IND) | -0.49% |
| USDRUB(RUS) | +0.48% |
| USDZAR(ZAF) | +1.35% |
| Agricultural | |
|---|---|
| Cattle | +1.57% |
| Cocoa | -0.77% |
| Coffee (Arabica) | -1.41% |
| Coffee (Robusta) | +2.16% |
| Corn | +0.62% |
| Cotton | +5.75% |
| Feeder Cattle | +0.71% |
| Lean Hogs | -18.68% |
| Lumber | +2.62% |
| Orange Juice | -2.15% |
| Soybean Meal | -3.84% |
| Soybeans | -8.63% |
| Sugar #11 | -2.01% |
| Wheat | +2.38% |
| White Sugar | -1.00% |
Credit Indices
| Index | Change |
|---|---|
| Markit CDX EM | +0.16% |
| Markit CDX NA HY | +0.31% |
| Markit CDX NA IG | -2.67% |
| Markit CDX NA IG HVOL | -5.81% |
| Markit iTraxx Asia ex-Japan IG | -3.49% |
| Markit iTraxx Australia | -2.86% |
| Markit iTraxx Europe | -5.03% |
| Markit iTraxx Europe Crossover | -19.04% |
| Markit iTraxx Japan | -2.98% |
| Markit iTraxx SovX Western Europe | -3.37% |
| Markit LCDX (Loan CDS) | +0.06% |
| Markit MCDX (Municipal CDS) | -2.40% |
It was a good week for the markets. Both equities and credit did well. Longs ended strong!
Nifty Heatmap
Index Returns
Sector Performance
Advance Decline
Market cap decile performance
| Decile | Mkt. Cap. | Adv/Decl |
|---|---|---|
| 1 | +2.25% | 69/66 |
| 2 | +6.22% | 78/57 |
| 3 | +4.32% | 77/56 |
| 4 | +5.44% | 79/57 |
| 5 | +6.02% | 77/57 |
| 6 | +5.75% | 77/58 |
| 7 | +4.54% | 74/61 |
| 8 | +4.98% | 73/61 |
| 9 | +3.68% | 77/58 |
| 10 | +1.97% | 69/66 |
An across the board rally is quite a sight!
Top Winners and Losers
Banks and pharma did well this week…
ETFs
| PSUBNKBEES | +5.21% |
| BANKBEES | +4.66% |
| JUNIORBEES | +3.60% |
| NIFTYBEES | +1.57% |
| INFRABEES | +0.91% |
| GOLDBEES | -2.05% |
PSU Banks finally put in an up week…
Investment Theme Performance
| Industrial Value | +9.17% |
| Quality to Price | +8.57% |
| Magic Formula Investing | +5.75% |
| Momentum 200 | +5.14% |
| Market Elephants | +4.98% |
| Balance-sheet Strength | +4.97% |
| Refract: PPFAS Long Term Value Fund | +3.94% |
| Financial Strength Value | +3.70% |
| Enterprise Yield | +3.45% |
| Growth with Moat | +3.28% |
| Market Fliers | +3.14% |
| Long Term Equity* | +3.08% |
| CNX 100 50-Day Tactical | +2.57% |
| Consistent10* | +2.27% |
| ADAG Mania | +1.88% |
| Efficient Growth | +1.88% |
| IT 3rd Benchers | +1.80% |
All strategies in the green. Confirms what the market decile performance scan showed…
Yield curve
Bond Indices
| Sub Index | Change in YTM | Total Return(%) |
|---|---|---|
| GSEC TB | -0.05 | +0.20% |
| GSEC SUB 1-3 | -0.14 | -0.01% |
| GSEC SUB 3-8 | -0.05 | +0.20% |
| GSEC SUB 8 | -0.03 | -0.27% |
This is interesting: Franklin Templeton bought a record Rs 16,000-crore government securities in a day. (ET)
August Nifty OI
August BankNifty OI
Thought for the weekend
E-commerce operations aren’t as cheap to run as most people think. Their economics greatly resemble those of mail order catalogs and they aren’t all favorable. E-commerce companies ship to customers from large, expensive, highly productive fulfillment centers. A state-of-the-art center can cost $250 million or more to build, or about 10 times as much as a big box store. And competition is growing while growth is slowing.
Source: Online Shopping Isn’t as Profitable as You Think (HBR)