market-commentary

MARKET COMMENTARY

Scroll Down

Repo Rate Unchanged: 6.5%, Policy Tone Changed to “Calibrated Tightening”

Oct 5, 2018

1:31 pm

The Reserve Bank of India today decided to maintain the policy repo rate at 6.5% in a 5:1 vote. The MPC changed its stance from neutral to “calibrated tightening” on monetary policy and commitment to achieving a medium-term target for CPI of 4% ± 2%, while supporting growth. Key highlights of the RBI’s Monetary Policy…

Read More

Strategies for Volatility & Risk

Oct 1, 2018

12:59 pm

The stock market is the story of cycles and of the human behaviour that is responsible for overreactions in both directions – Seth Klarman IL&FS Spawns a Domestic Liquidity Crisis & Credit Crunch NBFCs manage their operations using a concept referred to as asset liability management (ALM). A well managed NBFC endeavours to have the…

Read More

Implications of a weaker currency

Sep 3, 2018

11:38 am

Should Investors Just Buy the Top Performing Large Caps and Be Done? Before we get to the Rupee, we’d like to briefly share some thoughts on recent market performance. There was a time as recently as a year back, when investors required a 4-5% outperformance by an active manager over the Nifty 50 as a…

Read More

STRUCTURAL GROWTH DRIVERS REVISITED

Aug 20, 2018

9:38 am

Equities Structural reforms undertaken by the Modi regime are beginning to bear fruit. We’ve highlighted the benefits of structural reforms and how growth tends to come through at a lag. (See “Key Drivers for the Next Leg Up”, Oct 16, 2017). C.O.R.E Growth Drivers C.O.R.E is our acronym for easy reference to India’s key drivers…

Read More
Top