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A Closer Look at Earnings

May 23, 2016

9:48 am

Summary Nifty 50 earnings and CNX 500 earnings have been affected by the woeful performance from PSU banks and Steel companies. Excluding these two industries, profits for the Nifty 50 and CNX 500 have been impressive in what was expected to be a dismal earnings season. We remain buyers of growth stocks selling at reasonable…

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Dependency Revisited

May 16, 2016

11:00 am

There is nothing reliable to be learnt about making money. If there were, study would be intense and everyone with a positive IQ would be rich. – John Kenneth Galbraith For over a decade, India’s been captive to the whims of foreign institutional investors. That’s not a bad thing; however, FI flows in the past…

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There Is No Alternative

May 9, 2016

2:01 pm

There Is No Alternative On April 11th, we were optimistic about green shoots that were becoming visible in the domestic economy. The Nifty was at 7500. On April 18th, with the Nifty 50 at 7847, we stated “prudence dictates chasing the market after a 1,000 point rally is an unwise choice.” On April 25th, we…

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Achtung?

May 1, 2016

2:00 pm

Achtung? Achtung was a memorable refrain for all Commando comic book readers, and is German for alert or warning. While the media obsessed about the soaring Yen, it’s the economic data out of the U.S. that merits an alert or warning. The chart below should concern any investor, and particularly emerging markets investors. The US…

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