{"id":2024541,"date":"2015-05-30T13:28:05","date_gmt":"2015-05-30T07:58:05","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2024541"},"modified":"2015-05-30T13:28:06","modified_gmt":"2015-05-30T07:58:06","slug":"weekly-recap-only-idiots-pay-taxes-in-india","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2015\/05\/30\/weekly-recap-only-idiots-pay-taxes-in-india\/","title":{"rendered":"Weekly Recap: Only Idiots Pay Taxes in India"},"content":{"rendered":"

\"world.2015-05-22.2015-05-29\"<\/p>\n

Equities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
Major<\/th>\n<\/tr>\n<\/thead>\n
DAX(DEU)<\/a><\/td>\n-3.40%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n-2.62%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n-0.67%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n+1.47%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n-1.06%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
JCI(IDN)<\/a><\/td>\n-1.86%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n-0.67%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n+0.11%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n-3.68%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
IBOV(BRA)<\/a><\/td>\n-2.58%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n-0.98%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n-0.30%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n-3.39%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n-3.34%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n
\n
\n

Commodities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Energy<\/th>\n<\/tr>\n<\/thead>\n
Brent Crude Oil<\/td>\n+0.20%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n-1.97%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n-0.39%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n-8.87%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n+0.56%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n+0.75%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
Metals<\/th>\n<\/tr>\n<\/thead>\n
Gold 100oz<\/td>\n-1.28%<\/span><\/td>\n<\/tr>\n
Copper<\/td>\n-2.47%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n-0.91%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n-3.00%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n-2.34%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:+0.14% <\/span> USDJPY<\/a>:+2.12% <\/span><\/p>\n

\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
USDIDR(IDN)<\/a><\/td>\n+0.50%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n+0.59%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n-0.21%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+2.47%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
USDBRL(BRA)<\/a><\/td>\n+3.05%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.00%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n+0.48%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n+4.62%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n+2.16%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Agricultural<\/th>\n<\/tr>\n<\/thead>\n
Coffee (Arabica)<\/td>\n-0.51%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n-3.43%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n-0.09%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n-0.85%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+1.58%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n-2.60%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n-7.09%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n-2.43%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n+1.33%<\/span><\/td>\n<\/tr>\n
Cattle<\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n-0.04%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n+0.72%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n+1.00%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n-0.43%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Credit Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Index<\/th>\nChange<\/th>\n<\/tr>\n<\/thead>\n
Markit CDX EM<\/td>\n-0.36%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n+0.04%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n-0.54%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n+1.53%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n+0.90%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n+2.70%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n+4.86%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n+0.36%<\/span><\/td>\n<\/tr>\n
Markit iTraxx SovX Western Europe<\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
Markit LCDX (Loan CDS)<\/td>\n+0.00%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n-0.59%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nThis was not a good week for equity markets. The dollar rallied after taking a spring break and credit spreads widened.\n<\/div>\n<\/div>\n

Nifty Heatmap<\/h3>\n

\"CNX<\/a><\/p>\n

Index Returns<\/h3>\n

\"index<\/a><\/p>\n

Sector Performance<\/h3>\n

\"sector<\/a><\/p>\n

Advance Decline<\/h3>\n

\"advance.decline.line2.2015-05-22.2015-05-29\"<\/p>\n

Market Cap Decile Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Decile<\/th>\nMkt. Cap.<\/th>\nAdv\/Decl<\/th>\n<\/tr>\n<\/thead>\n
1 (micro)<\/td>\n-2.36%<\/span><\/td>\n67\/62<\/td>\n<\/tr>\n
2<\/td>\n-1.83%<\/span><\/td>\n58\/71<\/td>\n<\/tr>\n
3<\/td>\n-3.67%<\/span><\/td>\n58\/70<\/td>\n<\/tr>\n
4<\/td>\n-0.95%<\/span><\/td>\n63\/66<\/td>\n<\/tr>\n
5<\/td>\n-2.40%<\/span><\/td>\n59\/69<\/td>\n<\/tr>\n
6<\/td>\n-0.38%<\/span><\/td>\n63\/66<\/td>\n<\/tr>\n
7<\/td>\n-2.68%<\/span><\/td>\n58\/71<\/td>\n<\/tr>\n
8<\/td>\n-0.33%<\/span><\/td>\n66\/62<\/td>\n<\/tr>\n
9<\/td>\n-1.20%<\/span><\/td>\n61\/68<\/td>\n<\/tr>\n
10 (mega)<\/td>\n-1.04%<\/span><\/td>\n68\/61<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nNot really sure what will replace the Modi rally. Are we back to reality?\n<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
BPCL<\/a><\/td>\n+8.67%<\/span><\/td>\n<\/tr>\n
HINDPETRO<\/a><\/td>\n+10.08%<\/span><\/td>\n<\/tr>\n
INFRATEL<\/a><\/td>\n+10.32%<\/span><\/td>\n<\/tr>\n
TECHM<\/a><\/td>\n-16.89%<\/span><\/td>\n<\/tr>\n
ADANIENT<\/a><\/td>\n-11.13%<\/span><\/td>\n<\/tr>\n
RELINFRA<\/a><\/td>\n-8.34%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nLooks like the market really hated Tech Mahindra’s results…\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
BANKBEES<\/a><\/td>\n+1.87%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n+1.82%<\/span><\/td>\n<\/tr>\n
INFRABEES<\/a><\/td>\n+1.54%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n+0.47%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n-0.14%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n-0.82%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n-0.96%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nPublic sector banks remain a bane on Indian society. PSUBNKBEES lets you measure how much of a bane they are…\n<\/div>\n<\/div>\n

Yield Curve<\/h3>\n

\"yieldCurve.2015-05-22.2015-05-29\"<\/a><\/p>\n

Bond Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
Sub Index<\/th>\nChange in YTM<\/th>\nTotal Return(%)<\/th>\n<\/tr>\n<\/thead>\n
GSEC TB<\/td>\n+0.26<\/span><\/td>\n+0.08%<\/span><\/td>\n<\/tr>\n
GSEC SUB 1-3<\/td>\n+0.26<\/span><\/td>\n-0.16%<\/span><\/td>\n<\/tr>\n
GSEC SUB 3-8<\/td>\n+0.01<\/span><\/td>\n-0.30%<\/span><\/td>\n<\/tr>\n
GSEC SUB 8<\/td>\n-0.01<\/span><\/td>\n+0.22%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nEverybody and their grandmother is expecting a rate cut on June 2nd…\n<\/div>\n<\/div>\n

Investment Theme Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Auto and Consumer Goods Quality to Price<\/a><\/td>\n+2.89%<\/span><\/td>\n<\/tr>\n
Next Trillion<\/a><\/td>\n+2.35%<\/span><\/td>\n<\/tr>\n
The RBI Restricted List<\/a><\/td>\n+1.51%<\/span><\/td>\n<\/tr>\n
Balance Sheet Strength<\/a><\/td>\n+1.32%<\/span><\/td>\n<\/tr>\n
Textile, Metals, Chemicals, Paper and Energy Quality to Price<\/a><\/td>\n+1.22%<\/span><\/td>\n<\/tr>\n
Momentum<\/a><\/td>\n+1.02%<\/span><\/td>\n<\/tr>\n
CNX 100 Enterprise Yield<\/a><\/td>\n+1.01%<\/span><\/td>\n<\/tr>\n
ASK Life<\/a><\/td>\n+0.70%<\/span><\/td>\n<\/tr>\n
Low Volatility<\/a><\/td>\n+0.66%<\/span><\/td>\n<\/tr>\n
Tactical CNX 100<\/a><\/td>\n-0.00%<\/span><\/td>\n<\/tr>\n
High Beta<\/a><\/td>\n-0.07%<\/span><\/td>\n<\/tr>\n
Media, Health, IT, Telecom, Services, Pharma Quality To Price<\/a><\/td>\n-0.67%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n-0.92%<\/span><\/td>\n<\/tr>\n
ADAG stocks<\/a><\/td>\n-1.95%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n-2.33%<\/span><\/td>\n<\/tr>\n
Magic Formula<\/a><\/td>\n-2.52%<\/span><\/td>\n<\/tr>\n
PPFAS Long Term Value<\/a><\/td>\n-4.64%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\n50\/50 on investment strategies. Momentum out-performed…\n<\/div>\n<\/div>\n

Equity Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
SBI PSU Fund – REGULAR PLAN -Growth<\/a><\/td>\n+3.38%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer PSU Equity Fund- Plan A – Growth Option<\/a><\/td>\n+2.67%<\/span><\/td>\n<\/tr>\n
Religare Invesco PSU Equity Fund – Growth<\/a><\/td>\n+2.48%<\/span><\/td>\n<\/tr>\n
Sundaram PSU Opportunities Growth Option<\/a><\/td>\n+2.34%<\/span><\/td>\n<\/tr>\n
Religare Invesco Mid Cap Fund – Growth Option<\/a><\/td>\n+2.25%<\/span><\/td>\n<\/tr>\n
MOSt Focused Midcap 30-Regular Plan-Growth Option<\/a><\/td>\n+2.13%<\/span><\/td>\n<\/tr>\n
Franklin Build India Fund Growth Plan<\/a><\/td>\n+2.11%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
Religare Invesco Global Equity Income Fund – Regular Plan – Growth<\/a><\/td>\n-1.38%<\/span><\/td>\n<\/tr>\n
SBI EMERGING BUSINESSES FUND – REGULAR PLAN -GROWTH<\/a><\/td>\n-1.67%<\/span><\/td>\n<\/tr>\n
Principal Global Opportunities Fund-Growth Option<\/a><\/td>\n-2.02%<\/span><\/td>\n<\/tr>\n
DSP BlackRock World Energy Fund – Regular Plan – Growth<\/a><\/td>\n-2.28%<\/span><\/td>\n<\/tr>\n
Religare Invesco Pan European Equity Fund – Regular Plan – Growth Option<\/a><\/td>\n-2.30%<\/span><\/td>\n<\/tr>\n
Franklin India Feeder – Franklin European Growth Fund – Growth<\/a><\/td>\n-2.59%<\/span><\/td>\n<\/tr>\n
DSP BlackRock World Mining Fund – Regular Plan – Growth<\/a><\/td>\n-2.64%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Bond Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
ICICI Prudential Constant Maturity Gilt Fund – Regular Plan – Growth<\/a><\/td>\n+0.50%<\/span><\/td>\n<\/tr>\n
SBI Benchmark Gsec Fund – Regular Plan – Growth Option<\/a><\/td>\n+0.45%<\/span><\/td>\n<\/tr>\n
Birla Sun Life Gilt Plus-Regular Plan-Growth<\/a><\/td>\n+0.39%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Very Cautious – Regular Plan – Growth<\/a><\/td>\n+0.37%<\/span><\/td>\n<\/tr>\n
MOSt 10 Year Gilt Fund – Growth<\/a><\/td>\n+0.36%<\/span><\/td>\n<\/tr>\n
DWS Gilt Fund Growth<\/a><\/td>\n+0.36%<\/span><\/td>\n<\/tr>\n
L&T Resurgent India Corporate Bond Fund – Growth Option<\/a><\/td>\n+0.36%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
IDFC Super Saver Income Fund- IP-Plan F Growth<\/a><\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
IDFC GSF – Investment Plan -Regular Plan-GROWTH<\/a><\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
IDFC – SSIF – Investment Plan -Regular Plan- Growth Option<\/a><\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
IDFC GSF – Investment Plan – Growth<\/a><\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
IDFC Dynamic Bond Fund – Growth<\/a><\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
HDFC Gilt Fund-Short Term-Growth<\/a><\/td>\n+0.15%<\/span><\/td>\n<\/tr>\n
JM Income Fund-Growth Plan – Growth Option<\/a><\/td>\n+0.15%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Thought for the weekend<\/h3>\n

This is what Ajay Banga, CEO of Master Card had to say in a recent conference about India:<\/p>\n

\nAnd only idiots like me pay taxes there\u2026not paying taxes is a bloodsport in India, right. And that\u2019s going to be, that\u2019s one of the biggest reasons why acceptance in India is poor, acceptance is probably less than a million merchants, there is probably 10 million merchants and 1 million take cards and even they say the take cards, you show up with your card and the first thing will be told is, do you pay cash instead and it\u2019s just the whole way it works, right. That\u2019s going to take time to change.\n<\/div>\n

Source (audio): talkpoint.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) -3.40% CAC(FRA) -2.62% UKX(GBR) -0.67% NKY(JPN) +1.47% SPX(USA) -1.06% MINTs JCI(IDN) -1.86% INMEX(MEX) -0.67% NGSEINDX(NGA) +0.11% XU030(TUR) -3.68% BRICS IBOV(BRA) -2.58% SHCOMP(CHN) -0.98% NIFTY(IND) -0.30% INDEXCF(RUS) -3.39% TOP40(ZAF) -3.34% Commodities Energy Brent Crude Oil +0.20% Ethanol -1.97% Heating Oil -0.39% Natural Gas -8.87% RBOB Gasoline +0.56% WTI Crude Oil +0.75% Metals Gold … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[987],"class_list":["post-2024541","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-weekly","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2024541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2024541"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2024541\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2024541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2024541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2024541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}