Portfolio manager, @adroit_pms. Financial Investor. [email protected]_research. No tweets should be considered as investment advice.
Surge in vegetable prices is transitory. Growth-inflation dynamics are becoming unfavourable Core #inflation indicates economy is becoming weak
India Oct #CPI inflation 4.62% from 3.99% Sep Food price index rose 2.1%, vegetable index increased 8.8%. Oct Core Inflation is 3.5% vs 4% Sept #RBI still to cut rates in Dec with growth estimates well below 5.5%?
RUSSIA, CHINA & TURKEY PUSH GLOBAL GOLD PURCHASES TO NEW HIGHS
Had India joined RCEP, it would have been the largest trade agreement in the global economy, involving over one third of world's GDP and more than half the world's population.
Angry NN on Infy concall "Even God can't change numbers of the company" Trust this will be the trolling line of this year in stock markets!
#Chartoftheday - 207 Fed cut rates further amid slowing US GDP
There are brave and aggressive investors. There are technical and fundamental investors There are risk averse and careless investors And then there are who go and buy Jet Airways shares everyday.
Peter Schiff - The Dollar is Going to Get Killed. "Gold Is Going To Be Money Again" (Extreme views, treat with caution)
Over the last nine months, China added a whopping 100 tons of #Gold to its reserves as a hedge to a deepening trade war.
Low-cost #Gold-backed ETFs in the US have seen positive flows for 15 of the past 16 months and have increased their collective holdings by 51% so far this year
Investor holdings in #Gold exchange-traded funds have expanded for 17 days in a row, the longest run of inflows since the global financial crisis.
RBI : Weighted average lending rate for fresh rupee loans declined just 29 basis points in Feb-Aug, while for outstanding rupee loans, the weighted average loan rate rose 7 bps in the same period! PS: RBI cut repo rate by 110 bps in Feb-August 2019 period. Another 25bps cut now.
Once again, RBI has chickened out by doing an apologetic 25bps rate cut. Unfortunately, such slow easing cycle will only prolong the growth coming back. MPC is likely to be cornered by either global markets or core inflation giving nasty surprises. #RBIpolicy #MPC #rbigovernor
As per media reports : Sale of 100% govt equity in BPCL, SCI approved. NTPC to acquire THDC NHPC to acquire NEEPCO Sale of 30% govt equity in CONCOR with management control. Need more!
DHFL done and dusted. Indiabulls housing going down the thread. Next NBFC on the radar is. .....
#Chartoftheday - 181 Nifty to Bank Nifty ratio to breakout?
Gold ETFs continue to see inflows. As per Bloomberg, if such pace continues we will be at record high in 6 more weeks
Rotation within financials. Private sector insurance companies have got the maximum sectoral money in Apr-Aug. included in MSCI etc indices. 2 of them among top 3 candidates to be included in Nifty March 2020 review.
The companies which were giving 33-35% tax will benefit the most : Dabur, ITC, Marico, ABB, ACC, Ambuja, Ultratech, NCC, Bayer, Muthoot finance, Kalpatru. No recommendations, do your own analysis.
Morgan Credit NCDs were supposed to have 1.5x cover always. They are under water now. It sells 2.3% stake today in Yes bank. The debenture trustees would dump as pledges come off. Diamonds are getting crushed!