The Union Budget has come and gone. A lot will be written about specifics of the Budget etc and I don’t want to get into all of them. My key analysis theme is about the impact of the Budget on the Economy via the various measures taken. The current year saw the Governments expenditure move […]
Read MoreThe current week was a break in the trends in more asset classes than one versus that was on for the last several weeks. Stock Markets, commodities, bonds etc all sold off, some moderately and some aggressively. Cryptocurrency volatility came back strongly and the huge short trade against the US Dollar unwound a bit as […]
Read MoreI have a magical Bull whose shit has magical properties. Whoever owns one kg of the shit sees his/her life change altogether. However the Bull produces only 5 kgs of shit every day and the magical properties of the shit will run out as soon as the Bull hits 5 years of age. Currently the […]
Read MoreS As we come to the end of 2020 all we can say is that this was an extraordinary year. A lot will be said and written about what happened in the year 2020 however I will not dwell on that and instead comment more on how things stand right now and what could lie […]
Read MoreThe current week was no different from the many previous weeks where the markets rallied by another 2% driven by significant Foreign Portfolio Flows. The Indian markets outperformed most of the other markets where we saw a mild correction in some markets and flat markets in others. The global risk assets froth is not only […]
Read MoreThe current week was no different from the last several weeks as far as the Indian Markets go. The markets continued to rocket up driven by an unprecedented flow of Foreign Portfolio Flows which have been averaging Rs 3000-4000 Crores a day. Nifty ended by around 2% and the midcap index by around 1%. However […]
Read MoreAs I sit to write today we are in the midst of a massive, which can only be said to be a “Meltup” in contrast to the “Meltdown” observed in March 2020 in most asset classes be it equities, commodities, cryptocurrencies etc. The move is driven by the belief that free money and money printing […]
Read MoreThe month of October was a choppy one for the markets where initially we saw the frenzied move continue before markets gave up some gains by the end of the month. Overall markets still ended up by 3.6% as far as the Nifty goes. However the Midcap Indices ended flat with no gains or losses. […]
Read MoreAs the Covid 19 crisis blew out in India in March this year there was significant economic disruption due to the closure of the economic domestically as well as various restrictions that came up on cross border trade. The “Recovery” from the shutdown in some sectors has been much better than expectations while others continue […]
Read MoreThe last week was the start of the results season and we saw a few large companies report earnings. Stock Markets continued to rally, albeit at a slower pace with the Nifty rallying by around 1.5% with the Midcap Indices also rallying by the same amount. The confidence of a V Shaped recovery is growing […]
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