Tag: weekly

Oh what a week! It took Rajan’s encouraging words to salvage what could have been a complete rout. Nifty: -1.38% (-1.90% in USD terms)

Index Performance

Top Winners and Losers

Etfs

Advancers and Decliners

Yield Curve

Holiday-shortened four day week. Can’t read much into this…

Interbank Rates

Sector Performance

Investment Theme Performance

Thought for the Weekend

Tolstoy was a fox whose work was somewhat compromised, especially later in his life, by his belief that one ought to be a hedgehog. To choose Tolstoy is to accept that Pahom ought to have limited his ambitions and chosen to act dead rather than die trying to own the world.

 

Chekov is pure fox. He offers many conflicting, ambiguous and impressionistic takes on the human condition. But on one point he is unambiguous: in the acting dead/choosing life decision, Chekov is unwavering in his assertion that choosing life is the right thing to do, whatever that choice might entail.

 

Russia chose wrong, and ended up with the Soviet Union.

Source: The Gooseberry Fallacy

The markets got crushed this week. The Nifty ended -2.64% (-3.92% in USD terms).

Index Performance

The biggest losers were banks but pharma was spared most of the pain.

Top winners and losers

ETFs

Advancers and Decliners

Yield Curve

Long-bonds would have got shellacked this week…

Interbank rates

… however, interbank lending rates (MIBOR) continued to stabilize.

Sector Performance

Titan, a big component of the “Gems Jewellery and Watches” sector got trounced when the RBI refused to hike the FII investment limit in the company…

Investment Theme Performance

Thought for the Weekend

Scott McNealy — a co-founder of Sun Microsystems:

It’s important to make good decisions. But I spend much less time and energy worrying about “making the right decision” and much more time and energy ensuring that any decision I make turns out right.

Merely selecting the “best” option doesn’t guarantee that things will turn out well in the long run, just as making a sub-optimal choice doesn’t doom us to failure or unhappiness. It’s what happens next (and in the days, months, and years that follow) that ultimately determines whether a given decision was “right.”

Source: Stop Worrying About Making the Right Decision

The Nifty ended the week up +2.64% (+2.18% in USD terms)

Index Performance

Banks stole the show and how!

Top winners and losers

ETFs

Advancers and Decliners

Yield Curve

Must have been a snooze fest on the bonds desks…

Interbank Rates

Sector Performance

Investment Theme Performance

Thought for the weekend

Source: xkcd

The Nifty ended the week +1.53% (1.33% in USD terms) largely driven by the metal and energy complex.

Index Performance

Top winners and losers

ETFs

Advancers and Decliners

Yield Curve

The curve seems to be pricing in a rate hike, given high inflation numbers…

Interbank Rates

… with 3-month bank-to-bank lending still around 10%

Sector performance

Investment theme performance

Thought for the weekend

It is perfectly obvious that in any decent occupation (such as bricklaying or writing books) there are only two ways (in any special sense) of succeeding. One is by doing very good work, the other is by cheating. Both are much too simple to require any literary explanation. If you are in for the high jump, either jump higher than any one else, or manage somehow to pretend that you have done so. If you want to succeed at whist, either be a good whist-player, or play with marked cards. You may want a book about jumping; you may want a book about whist; you may want a book about cheating at whist. But you cannot want a book about Success. Especially you cannot want a book about Success such as those which you can now find scattered by the hundred about the book-market. You may want to jump or to play cards; but you do not want to read wandering statements to the effect that jumping is jumping, or that games are won by winners.

Source: The Fallacy of Success