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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…
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Top winners and losers
Airtel got hit with $3B fine in some African country. And Adani continued to ENTertain…
ETFs
Is it just a relief rally or are we going to see the next leg-up?
Advancers and decliners
Not much hope here…
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Investment Theme Performance
Momentum returned to the markets but pretty much all strategies won.
Sector Performance
The most battered sectors staged a comeback… Will this rally sustain?
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Yield Curve
No big moves…
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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?
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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