Don't think you'll need to pain your ears (and brains) on any other speech of theirs.
Narendra Modi
Rahul Gandhi
Arvind Kejriwal
Wednesday, April 30, 2014
War of Words
BBC did a wonderful job at gathering recent speeches of our leading politicians viz Narendra Modi, Rahul Gandhi and Arvind Kejriwal and making a word cloud to highlight the topics or issues these leaders have been shouting about in their speeches.
Don't think you'll need to pain your ears (and brains) on any other speech of theirs.
Narendra Modi
Rahul Gandhi
Arvind Kejriwal
Don't think you'll need to pain your ears (and brains) on any other speech of theirs.
Narendra Modi
Rahul Gandhi
Arvind Kejriwal
Sunday, April 27, 2014
Weekly Market Commentary - Apr 21, 2014 - Apr 25, 2014
As country made progress through election and earnings season, there is bound to be volatility in both main street and dalal street expectations and sentiments. As our elections have become more personality driven, our benchmark indices are also seeing activity specific to some stocks only. Whether the country or the markets will rise above the personality or stocks cult and will broaden its horizon will get clear only after elections are over and there is some clarity on what kind of leadership we are going to end up with.
Earnings results disappointments and MET warning have already made clear that we are not out of woods yet, and time has come for us to re-check our growth assumptions and turnaround hopes.
Sensex ended this week up by 0.3% while Nifty was flat and Midcap up by 0.7%
Monday - Sensex up by 0.6%, Nifty up by 0.6%, Midcap up by 0.8%
Benchmark indices rallied to their record highs led by surge in banking stocks ahead of their expected stronger results this week. Mining stocks also got relief from SC order to allow mining up to 20mt of iron ore per year in Goa leading to a bit of rally there. AstraZeneca India rose by more than 4% after the Sunday Times reported an expected bid of its parent company by Pfizer Inc for an estimated £60bn.
Tuesday - Sensex, Nifty and Midcap all ended flat
Sensex and Nifty rose to their record highs during the day but ended almost flat at the end of trading session as monthly derivative expiry advanced to Wednesday. Thursday is holiday for exchanges due to general elections voting in Mumbai on that day.
Wednesday - Sensex up by 0.5%, Nifty up by 0.4%, Midcap flat
Markets were in cheery mood on the day of derivative expiry as both Sensex and Nifty hit record highs for a third session in row. Indices were led by gains in infrastructure and banking stocks on hopes the worst was over in terms of deterioration in asset quality.
Thursday – Markets closed as Mumbai goes to polls for General elections
Friday - Sensex down by 0.8%, Nifty down by 0.8%, Midcap down by 0.1%
Key market indices took a beating on last day of the week as heavyweights such as ICICC Bank, Maruti Suzuki, Cairn India etc disappointed with their results. The earning shocker has sent the investors double checking their growth assumptions. MET department also worsened the sentiment after predicting lower than average rainfall this year.
Earnings results disappointments and MET warning have already made clear that we are not out of woods yet, and time has come for us to re-check our growth assumptions and turnaround hopes.
Sensex ended this week up by 0.3% while Nifty was flat and Midcap up by 0.7%
Monday - Sensex up by 0.6%, Nifty up by 0.6%, Midcap up by 0.8%
Benchmark indices rallied to their record highs led by surge in banking stocks ahead of their expected stronger results this week. Mining stocks also got relief from SC order to allow mining up to 20mt of iron ore per year in Goa leading to a bit of rally there. AstraZeneca India rose by more than 4% after the Sunday Times reported an expected bid of its parent company by Pfizer Inc for an estimated £60bn.
Tuesday - Sensex, Nifty and Midcap all ended flat
Sensex and Nifty rose to their record highs during the day but ended almost flat at the end of trading session as monthly derivative expiry advanced to Wednesday. Thursday is holiday for exchanges due to general elections voting in Mumbai on that day.
Wednesday - Sensex up by 0.5%, Nifty up by 0.4%, Midcap flat
Markets were in cheery mood on the day of derivative expiry as both Sensex and Nifty hit record highs for a third session in row. Indices were led by gains in infrastructure and banking stocks on hopes the worst was over in terms of deterioration in asset quality.
Thursday – Markets closed as Mumbai goes to polls for General elections
Friday - Sensex down by 0.8%, Nifty down by 0.8%, Midcap down by 0.1%
Key market indices took a beating on last day of the week as heavyweights such as ICICC Bank, Maruti Suzuki, Cairn India etc disappointed with their results. The earning shocker has sent the investors double checking their growth assumptions. MET department also worsened the sentiment after predicting lower than average rainfall this year.
Saturday, April 19, 2014
Weekly Market Commentary - Apr 14, 2014 - Apr 18, 2014
Two steps back and one forward. That is pretty much how I will describe the action on Dalal Street this (short) week. IT stalwarts - Infosys and TCS reported better earnings but gave contrasting guidance, hence making sure the sector stayed volatile during the week. Throw in a bit of inflation and you have investors in every sector running for the corners. The thing about rallies built on hope and hype is that they don’t need much to fizzle. Remember, no matter how big the bubble is, you only need one small pin to burst it.
Sensex and Nifty ended the week at pretty much the same level as last week while Midcap down by meagre 0.2%
Monday – Markets closed on occasion of Baisakhi / Ambedkar Jayanti
Tuesday - Sensex down by 0.6%, Nifty down by 0.6%, Midcap down by 0.9%
Markets were down as inflation raised its head again and soared to three-month high figure of 5.7% in March - dashing hopes of any rate reprieve from central bank. Almost all interest rate sensitive stocks fell while IT stocks surged on the back of good earnings reported by Infosys.
Wednesday - Sensex down by 0.9%, Nifty down by 0.9%, Midcap down by 0.8%
BSE Sensex corrected another 200 points as fear of rising inflation was stoked by the predictions of below normal rainfall this year. IT stocks fell as Infosys guidance pointed to weak outlook for the sector. Retail inflation also rose in tandem with WPI to 8.31% in March, largely driven by higher food prices also made investors cautious.
Thursday - Sensex up by 1.6%, Nifty up by 1.6%, Midcap up by 1.5%
Benchmark indices roared back as banks surged on value buying and hopes of bond portfolio gain as RBI fully sold the Rs.200bn debt it had on offer. IT stocks also rose as TCS and HCL reported better than expected earnings with positive future revenue guidance.
Friday - Markets closed on occasion of Good Friday
Sensex and Nifty ended the week at pretty much the same level as last week while Midcap down by meagre 0.2%
Monday – Markets closed on occasion of Baisakhi / Ambedkar Jayanti
Tuesday - Sensex down by 0.6%, Nifty down by 0.6%, Midcap down by 0.9%
Markets were down as inflation raised its head again and soared to three-month high figure of 5.7% in March - dashing hopes of any rate reprieve from central bank. Almost all interest rate sensitive stocks fell while IT stocks surged on the back of good earnings reported by Infosys.
Wednesday - Sensex down by 0.9%, Nifty down by 0.9%, Midcap down by 0.8%
BSE Sensex corrected another 200 points as fear of rising inflation was stoked by the predictions of below normal rainfall this year. IT stocks fell as Infosys guidance pointed to weak outlook for the sector. Retail inflation also rose in tandem with WPI to 8.31% in March, largely driven by higher food prices also made investors cautious.
Thursday - Sensex up by 1.6%, Nifty up by 1.6%, Midcap up by 1.5%
Benchmark indices roared back as banks surged on value buying and hopes of bond portfolio gain as RBI fully sold the Rs.200bn debt it had on offer. IT stocks also rose as TCS and HCL reported better than expected earnings with positive future revenue guidance.
Friday - Markets closed on occasion of Good Friday
Friday, April 18, 2014
Saturday, April 12, 2014
Weekly Market Commentary - Apr 7, 2014 - Apr 11, 2014
India continues to benefit from lack of alternatives in emerging market space as I already mentioned in my earlier post. Due to limited options, FIIs are pouring money into Indian markets giving the economy disproportionate share of the EM flows.
It remains to be seen for how long this situation will continue. But till then..party ho ri bahut bhayankar! :)
Sensex ended this week up by 1.2% while Nifty was up by 1.2% and Midcap up by 2.5%
Monday - Sensex slightly down by 0.1%, Nifty flat, Midcap down by 0.3%
Benchmark indices closed slightly down as country begins voting for formation of new govt at the centre. Some investors booked profits as Sensex and Nifty breached new record levels in days approaching elections. Sun Pharma leads the gainers on Sensex as company announced its purchase of Ranbaxy in total equity deal of $3.2bn. There was some action seen in cement stocks also after Swiss company Holcim, which holds more than 50% stake in ACC and Ambuja cements announced merger with France’s Lafarge. The combined entity will become the largest cement maker in India.
Tuesday – Markets closed on Ram Navmi
Wednesday - Sensex up by 1.6%, Nifty up by 1.5%, Midcap up by 1.6%
Markets surged to a new high after a brief pause and a break in beginning of the week. Sun Pharma rose by more than 7% as brokers rushed to upgrade the stock after Ranbaxy buy. Most interest rate sensitive stocks gained as investors expects more benign inflation scenario in near term.
Thursday - Sensex up slightly by 0.1%, Nifty flat, Midcap up by 1.2%
BSE Sensex ended slightly higher as gains were capped by profit booking seen in IT stocks as earnings season commences from Apr 15. In addition, investors are cautious ahead of release of IIP data. Other Asian bourses also saw some selling as US markets ended lower on concerns of high valuation of some tech stocks.
Friday - Sensex down by 0.4%, Nifty down by 0.3%, Midcap down by 0.1%
Key Indices closed lower as investors prepares for earnings season and release of inflation data next week. Govt data released on Friday showed the trade deficit widening to $10.5bn in March from $8.1bn in Feb due to lower exports.
It remains to be seen for how long this situation will continue. But till then..party ho ri bahut bhayankar! :)
Sensex ended this week up by 1.2% while Nifty was up by 1.2% and Midcap up by 2.5%
Monday - Sensex slightly down by 0.1%, Nifty flat, Midcap down by 0.3%
Benchmark indices closed slightly down as country begins voting for formation of new govt at the centre. Some investors booked profits as Sensex and Nifty breached new record levels in days approaching elections. Sun Pharma leads the gainers on Sensex as company announced its purchase of Ranbaxy in total equity deal of $3.2bn. There was some action seen in cement stocks also after Swiss company Holcim, which holds more than 50% stake in ACC and Ambuja cements announced merger with France’s Lafarge. The combined entity will become the largest cement maker in India.
Tuesday – Markets closed on Ram Navmi
Wednesday - Sensex up by 1.6%, Nifty up by 1.5%, Midcap up by 1.6%
Markets surged to a new high after a brief pause and a break in beginning of the week. Sun Pharma rose by more than 7% as brokers rushed to upgrade the stock after Ranbaxy buy. Most interest rate sensitive stocks gained as investors expects more benign inflation scenario in near term.
Thursday - Sensex up slightly by 0.1%, Nifty flat, Midcap up by 1.2%
BSE Sensex ended slightly higher as gains were capped by profit booking seen in IT stocks as earnings season commences from Apr 15. In addition, investors are cautious ahead of release of IIP data. Other Asian bourses also saw some selling as US markets ended lower on concerns of high valuation of some tech stocks.
Friday - Sensex down by 0.4%, Nifty down by 0.3%, Midcap down by 0.1%
Key Indices closed lower as investors prepares for earnings season and release of inflation data next week. Govt data released on Friday showed the trade deficit widening to $10.5bn in March from $8.1bn in Feb due to lower exports.
Sunday, April 6, 2014
Weekly Market Commentary - Mar 31, 2014 - Apr 4, 2014
Elections are coming. This week was a crucial week for the market as it recorded the all time highs our benchmark indices have achieved. This week was also crucial, as its performance will be benchmarked against for comparison in near to medium term to analyze the hope rally. This week also marks the end of wait for the biggest exercise in world’s biggest democracy to begin. The results of this exercise will probably tell the investors – and rest of the country that whether optimism and hope rally did really have any strong legs or was it just another bubble based on euphoria around Narendra Modi.
Sensex and Nifty ended this week flat while Midcap was up by 1.5%
Monday - Sensex up by 0.2%, Nifty up by 0.1%, Midcap up by 1.1%
Indian stocks benchmark indices went up slightly and closed the fiscal year 2014 close to 20% higher than 2013 as strong foreign buying sparked a rally in stocks leveraged to domestic story. Market also expects RBI governor to hold interest rates on coming review meeting on Apr 1.
Tuesday - Sensex up by 0.3%, Nifty up by 0.3%, Midcap down by 0.3%
Sensex and Nifty continued to record new highs as RBI left interest rates unchanged and brought a relief to investors by saying that it may avoid any more policy tightening in near term.
Wednesday - Sensex up by 0.5%, Nifty up by 0.5%, Midcap up by 1.5%
BSE Sensex touched another high on the back of heavy FII buying and election commission allowing RBI to grant new bank licenses. Potential bank license candidates led the gainers with IDFC and LIC Housing Finance surging 4% and 5% respectively.
Thursday - Sensex down by 0.2%, Nifty down by 0.2%, Midcap down by 0.8%
Benchmark indices retreated from their all time highs as caution eclipse the optimism in the market as five-week election process draws closer. Investors booked profits as earnings season is also about to kick off with Infosys announcing its results on Apr 15.
Friday - Sensex down by 0.7%, Nifty down by 0.6%, Midcap flat
Market turned to profit booking on the last day of trading before election process begins (on Monday). IMF released a report saying that India’s economic mess is due to internal issues, strongly refuting the UPA govt’s claims blaming external macroeconomic environment for India’s problems.
Sensex and Nifty ended this week flat while Midcap was up by 1.5%
Monday - Sensex up by 0.2%, Nifty up by 0.1%, Midcap up by 1.1%
Indian stocks benchmark indices went up slightly and closed the fiscal year 2014 close to 20% higher than 2013 as strong foreign buying sparked a rally in stocks leveraged to domestic story. Market also expects RBI governor to hold interest rates on coming review meeting on Apr 1.
Tuesday - Sensex up by 0.3%, Nifty up by 0.3%, Midcap down by 0.3%
Sensex and Nifty continued to record new highs as RBI left interest rates unchanged and brought a relief to investors by saying that it may avoid any more policy tightening in near term.
Wednesday - Sensex up by 0.5%, Nifty up by 0.5%, Midcap up by 1.5%
BSE Sensex touched another high on the back of heavy FII buying and election commission allowing RBI to grant new bank licenses. Potential bank license candidates led the gainers with IDFC and LIC Housing Finance surging 4% and 5% respectively.
Thursday - Sensex down by 0.2%, Nifty down by 0.2%, Midcap down by 0.8%
Benchmark indices retreated from their all time highs as caution eclipse the optimism in the market as five-week election process draws closer. Investors booked profits as earnings season is also about to kick off with Infosys announcing its results on Apr 15.
Friday - Sensex down by 0.7%, Nifty down by 0.6%, Midcap flat
Market turned to profit booking on the last day of trading before election process begins (on Monday). IMF released a report saying that India’s economic mess is due to internal issues, strongly refuting the UPA govt’s claims blaming external macroeconomic environment for India’s problems.
Thursday, April 3, 2014
Wednesday, April 2, 2014
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