A Changing of the Guard

Oct 10, 2016

11:41 am

Summary The big news this week is the change in policy methodology by RBI. We look at the implications for markets and the economy. Further, the dichotomy in prospects for emerging versus developed economies is becoming evident in institutional investor rhetoric and is a net positive for India. Diverging Economic Prospects Consider the current rhetoric…

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Monetary Policy Update

Oct 5, 2016

7:15 am

Policy Action: Rate cut by 25bps to 6.25%; Accommodative stance continues Under the first review of the newly formed Monetary Policy Committee (MPC) of the RBI, key policy repo rate was cut by 25bps to 6.25%; which was decided unanimously by all the 6 members. The policy tone remains accommodative, with the MPC reiterating the…

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The Two Keys to Investment Success

Sep 26, 2016

12:10 pm

“Successful investors tend to be unemotional, allowing the greed and fear of others to play into their hands. By having confidence in their own judgement, they respond to market forces not with blind emotion but calculated reason.” – Seth Klarman Summary This month we look at earnings revisions in the Nifty 50 and broader market,…

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Global Turmoil & High Valuations

Sep 12, 2016

11:37 am

Summary A resurfacing of global risks and high domestic valuations are driving the recent market correction. We provide data that support the thesis that the Indian consumer remains strong, and the economic recovery remains in place. We discuss strategies for investors in the current scenario.   Valuation Markets broke 24.5 times on the trailing P/E…

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