Equities
| MINTs | |
|---|---|
| JCI(IDN) | -1.41% |
| INMEX(MEX) | -0.80% |
| NGSEINDX(NGA) | -1.18% |
| XU030(TUR) | -5.87% |
| BRICS | |
|---|---|
| IBOV(BRA) | -6.00% |
| SHCOMP(CHN) | +0.24% |
| NIFTY(IND) | +0.23% |
| INDEXCF(RUS) | -1.01% |
| TOP40(ZAF) | -1.13% |
Commodities
| Energy | |
|---|---|
| Brent Crude Oil | -3.51% |
| Ethanol | -9.71% |
| Heating Oil | -2.48% |
| Natural Gas | +1.21% |
| RBOB Gasoline | -2.27% |
| WTI Crude Oil | -1.06% |
| Metals | |
|---|---|
| Copper | -1.90% |
| Gold 100oz | -3.04% |
| Palladium | -5.69% |
| Platinum | -2.89% |
| Silver 5000oz | -2.62% |
Currencies
| MINTs | |
|---|---|
| USDIDR(IDN) | +0.54% |
| USDMXN(MEX) | +1.54% |
| USDNGN(NGA) | +0.29% |
| USDTRY(TUR) | +2.98% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +4.28% |
| USDCNY(CHN) | -0.10% |
| USDINR(IND) | +0.42% |
| USDRUB(RUS) | +1.91% |
| USDZAR(ZAF) | +3.06% |
| Agricultural | |
|---|---|
| Cattle | -2.17% |
| Cocoa | +2.55% |
| Coffee (Arabica) | -9.16% |
| Coffee (Robusta) | -4.17% |
| Corn | -4.10% |
| Cotton | +8.16% |
| Feeder Cattle | +1.57% |
| Lean Hogs | +0.14% |
| Lumber | +1.34% |
| Orange Juice | -2.86% |
| Soybean Meal | -1.17% |
| Soybeans | +0.55% |
| Sugar #11 | -8.18% |
| Wheat | -6.71% |
| White Sugar | -5.41% |
Credit Indices
| Index | Change |
|---|---|
| Markit CDX EM | -0.87% |
| Markit CDX NA HY | -0.45% |
| Markit CDX NA IG | +1.45% |
| Markit CDX NA IG HVOL | +5.31% |
| Markit iTraxx Asia ex-Japan IG | -0.61% |
| Markit iTraxx Australia | -0.03% |
| Markit iTraxx Europe | +2.98% |
| Markit iTraxx Europe Crossover | +18.20% |
| Markit iTraxx Japan | -1.67% |
| Markit iTraxx SovX Western Europe | -1.04% |
| Markit LCDX (Loan CDS) | +0.00% |
| Markit MCDX (Municipal CDS) | +0.50% |
It was a week when most markets went down but Indian mid-caps rallied like a cat with its tail on fire. Commodities: down, MINT markets: down, USD: up, credit: wide. Indian mid-caps: +3% to +10%.
Nifty Heatmap
Index Returns
Sector Performance
Advance Decline
Market Cap Decile Performance
| Decile | Mkt. Cap. | Adv/Decl |
|---|---|---|
| 1 (micro) | +11.06% | 81/60 |
| 2 | +12.97% | 91/49 |
| 3 | +11.06% | 90/50 |
| 4 | +7.52% | 80/61 |
| 5 | +10.47% | 87/53 |
| 6 | +6.29% | 84/56 |
| 7 | +5.64% | 83/58 |
| 8 | +4.40% | 78/62 |
| 9 | +3.14% | 74/66 |
| 10 (mega) | +0.79% | 70/71 |
The action was in the lower end of the market-cap spectrum. The action in CNX 100/NIFTY was nothing compared to what happened in small/midcap stocks.
Top winners and losers
Sunpharma got dinged with an US-FDA inspection. No idea what happened to OFSS…
ETFs
| PSUBNKBEES | +8.22% |
| BANKBEES | +1.94% |
| JUNIORBEES | +1.31% |
| NIFTYBEES | +0.21% |
| INFRABEES | +0.18% |
| CPSEETF | -0.43% |
| GOLDBEES | -1.10% |
Gold continued its tumble. Banks seem to have caught a bid…
Yield Curve
Bond Indices
| Sub Index | Change in YTM | Total Return(%) |
|---|---|---|
| GSEC TB | -0.40 | +0.27% |
| GSEC SUB 1-3 | -0.24 | +0.81% |
| GSEC SUB 3-8 | -0.17 | +1.08% |
| GSEC SUB 8 | -0.10 | +0.88% |
3-8 year part of the curve saw some action. But the last couple of weeks in the bond markets was as exciting as watching paint dry…
Nifty OI
Bank Nifty OI
Theme Performance
| Quality to Price | +9.52% |
| Momentum 200 | +6.99% |
| Magic Formula Investing | +5.60% |
| Market Fliers | +3.82% |
| Refract: PPFAS Long Term Value Fund | +3.35% |
| Financial Strength Value | +3.31% |
| Industrial Value | +3.13% |
| Balance-sheet Strength | +2.69% |
| IT 3rd Benchers | +2.00% |
| Piotroski ROC Small Caps | +1.94% |
| Growth with Moat | +1.73% |
| Market Elephants | +1.69% |
| Efficient Growth | +1.62% |
| Enterprise Yield | +1.43% |
| CNX 100 50-Day Tactical | +0.76% |
| ADAG Mania | -0.37% |
Midcap value stocks shot ahead of the rest of the markets. We have three user contributed themes that are listed under ‘User Contributed Themes’ here.
Thought for the weekend
Sentiment data is inconclusive and sometimes contradictory. There is no signal within the noisy data. Besides, no one has the ability to consistently forecast any of the inevitable market corrections. Its probably best to ignore the short-term action and concentrate on being on the right side of the long-term trend.