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Riding the Wall of Worry

May 2, 2017

1:58 pm

Summary Global The second round of French elections are likely welcome news for the markets with the strong emergence of pro EU centrist Emanuel Macron, taking on Marine Le Pen and favoured to win. President Trump’s tax plan has raised concerns on ballooning deficits in the U.S., and there is a rising lack of clarity…

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Rational Exuberance?

Apr 17, 2017

12:27 pm

Summary Valuation & Growth Nifty & CNX 500 Earnings Trends Sectoral Analysis Global Trump Promises Falling Like Dominoes Valuations and Global Recovery “Over the last few decades, investors timeframes have shrunk. They’ve become obsessed with quarterly returns. In fact, technology now enables them to become distracted by returns on a daily basis, and even minute…

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Monetary Policy Update

Apr 6, 2017

1:46 pm

Repo rate unchanged at 6.25% The Reserve Bank of India today decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25% which was decided unanimously by all the 6 members. The decision was consistent with maintaining a neutral stance on monetary policy and achieving a medium-term target for CPI…

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Performance Attribution Quarter and Year Ending Mar-17

Apr 5, 2017

2:54 pm

A Reversal of Fortunes The reversible is ironic. In past years, FIs have been attributed as the smart money that bought the bottom while retail, the dumb money that capitulated at the worst times. Recent experience suggests otherwise. FIs exited the market en masse in the great rotation of year end 2016, elated by a…

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