Portfolio manager, @adroit_pms. Financial Investor. Loves Scuttlebutt. Avid reader. Previous @adroit_research
In US markets yesterday: 2.1mn weekly jobless claims. No issue Worst Durable goods order ever. No issue Worst GDP report on record. No Issue Late in the day, announcement about an announcement on China. All hell breaks loose in equity markets!
No Corona cases, labour suicides, negative GDP forecasts, China border issues, heat wave, locust attack, floods, cyclone, power shortage, forest fire, migrant workers today for stock market folks!
ME exposure is killing Voltas.
UPL Earnings call takeaways: -Notice to ban 27 formulations to have limited impact. -Could gain on its RM platform as MNCs exit China. -Price hike to set-off BRL devaluation impact in Q1. Margin miss but resilient outlook in tough environment Disc : Invested & recommended
Key message from RBI : Nothing done for risk aversion of banks for lending Markets disconnected from economy Forecasts recession in FY21 with negative GDP growth Higher inflation trajectory needs control before more cuts
Yes. It will be. Once it comes in Fno, it can't for back in T2T. Right now it's mcap is more than many biggies in Nifty.
Opens up way for fno inclusion which can lead to Nifty inclusion in Sept. Top contender at this time.
Many Govt officials have indicated 5% repo rate. So that's the minimum.
TAs getting bullish on SBI. Hmm.
What are you doing with Bajaj finance?
#Siemens block deal of 24% is inter-promoter transfer declared last year. NOT a new development. An earlier post:
Nifty will open either gap up or down tomorrow.
Global gold ETF holdings have increased by 521 tonnes so far in 2020 to a record 3,407 tonnes, compared with an increase of 404 tonnes in the whole of 2019, according to the World Gold Council Interestingly, China and India Gold demand were down ~50% q/q (ending March 2020)
The price of crude oil has now risen for 3 consecutive weeks. Supply continues to be a problem although OPEC+ cutbacks in production and natural cutbacks in the US are helping to at least ease some of the supply. Demand side will get helped with many countries reopening soon.
#Chartoftheday - 414 Gold had outperformed Berkshire for 20 odd years. H/t @dollarsanddata
Policy tools often used to implement economic stimulus include lowering interest rates, increasing government spending, & QE, to name a few. All these tools are means to stimulate demand & spur consumption to keep the economic cycle moving.
VEDL has decided to delist from Exchanges. ADR up 25% in US This could mean an early entry to one of these companies in Nifty much before Sept-2020
SGX Nifty critics turned fans overnight after 4% rally. Thanks to @narendramodi
Oh hello, this is the time to break those FDs and sell Gold. This was your emergency fund!
Social Media: Efficiency has gone down due to WFH! Mota Bhai: Hold my beer #RelianceJio #RelianceIndustries