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Repo Rate Cut to 6%, Policy Tone Remains Neutral, Focus on Growth

Aug 3, 2017

4:58 am

The Reserve Bank of India today decided to cut the policy repo rate by 25bps to 6% in an “effective” 5-to-1 vote. 4 voted for a 25bps cut, Dr. Ravindra Dholakia for a 50bps cut and Dr. Michael Patra for status quo. The MPC maintained its neutral stance on monetary policy and achieving a medium-term…

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Fixed Income Quarterly

Jul 24, 2017

12:45 pm

“The contrary investor is every human when he resigns momentarily from the herd and thinks for himself” – Archibald MacLeish It’s been a tough decade for the rational investor. Interestingly, one simple rule over-rode all others; following the actions of the central banks led to outsized returns. Today, skepticism and fear is elevated, primarily on…

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Performance Review Q2 CY 2017

Jul 11, 2017

2:46 pm

Nifty 50 What worked this quarter? In the Nifty 50, it was business as usual, with Financials occupying 4 of the top 10 spots in quarterly performance. Rounding out the top performers were Maruti, Hindustan Unilever, ITC and Hero Moto Corp. What’s noteworthy was that Consumer Staples – ITC and Hindustan Unilever – delivered strong…

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The Bull Market in Fear

Jun 27, 2017

12:31 pm

“The idea that the future is unpredictable is undermined every day with the ease with which the past is explained” – Daniel Kahneman, Thinking Fast and Slow While scepticism reigns on the prognosis of the equity bull market, there’s no doubt about the level of fear. Welcome to the bull market in fear. We’d postulate…

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