2021 Budget was amazing, bold and un-conventional budget from all perspective where the FM(Ms.Sitharaman) , Chief Economic advisor (Sanjeev Sanyal) and the team thought beyond the conventional deficit constraints and scares of rating agencies and did what was required for the Indian economy when it was simultaneously hit by 2 crisis […]
Read MoreHow Indian markets performed in 2018 vis-à-vis world markets: Before we get into 2019, let’s look back and see how the Indian markets performed in 2018 vis a vis the world markets. Indian indexes showed lots of volatility in the year but ended the year at a slightly positive and flattish note at 4% gains […]
Read MoreHello Reader The year 2018 has been a roller coaster year ride for most of the investors with market showing a lot of uncertainty and volatility till now due to many factors/ cues like Global ones(Trade wars, Crude oil prices, Fed rate potential hikes, dollar valuation) and domestic ones (Inflation, domestic rate hikes, Rupee devaluation […]
Read MoreHow Indian markets performed in 2017 vis-à-vis world markets: Before we get into 2018, let’s look back and see how the Indian markets performed in 2017 vis a vis the world markets. Indian indexes rose to record levels in a significant double digit growth not seen in recent years. While Sensex rose by 28% with […]
Read MoreThese are interesting and puzzling times when it comes to investing in India equities. Indian indexes (NIFTY and Sensex) are trading at expensive rates at 21-22 times forward earnings (FY18 estimated earnings). This is at 25-30 percent premium to historical average forward PEs(16 times forward earnings). However Price to book value multiple is trading at […]
Read MoreGiven the very steep expectations, I think Mr. Jaitley should be commended for meeting or exceeding the expectations of most of the key global and Indian stakeholders like Global investors/ FIIs, Indian Industry captains, Indian brokerages/ Financial community, stock markets. Given that the Govt. hands were tied with fiscal constraints/ high fiscal deficit, Jaitley did […]
Read MoreHello readers, How Indian markets performed in 2015 vis-à-vis world markets: Before we get into 2016, let’s look back and see how the Indian markets performed in 2015 vis a vis the world markets. The Sensex was down by 5% with respect to 2014 closing levels (from 27500 levels to 26100). US equity market(S&P 500) […]
Read MoreIts interesting to see how the market (Sensex) has gyrated in the last 12 months, from about 26000 levels in end September 2014 to >30,000 and back to 26000 again, from 27500 level at the start of the year to >30,000 and now down at 26600. This kind of steep volatility has surprised most of […]
Read MoreEfficient market theory is one of the key theories of modern finance. Widely taught in all Ivy league universities, it says that it’s impossible to beat markets consistently as markets are super-efficient in capturing all the relevant and latest information and events Therefore no living mortal can achieve better returns than market consistently. Many of […]
Read MoreAfter a unidirectional climb for more than 1 year, multiple factors, mainly global ones led to about 7% percent or 2000 point correction in Sensex. These global factors ranged from year-end profit booking by FIIs, Rouble crash, Chinese manufacturing slow down, nervousness around Fed interest hikes. There were a few domestic factors like bad IIP […]
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