Jul 9, 2018 10:54 am
“Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic” – Ben Graham Equities What’s Leading to the Surprising Uptick in Domestic Growth While investors have been focusing on a slew of worries ranging from a U.S. China trade war, central banks withdrawing liquidity, FI outflows, a flattening yield curve…
Read MoreJun 25, 2018 11:28 am
Broad top-down analysis of the Indian equity markets by sector and capitalization. Performance Breakdown of Sectors and Market Caps Strong Sectoral Rotation Trends Underway An analysis of the market by sector demonstrates a highly fluid market environment driven by strong sectoral rotation trends. IT was the clear winner during the beginning of the calendar year,…
Read MoreJun 11, 2018 3:51 am
“It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts” – Arthur Conan Doyle, Sherlock Holmes The Recent Market Sell-off Last week had many market participants shaking their heads in bewilderment on the nature of the sell-off. The index…
Read MoreJun 6, 2018 1:25 pm
The Reserve Bank of India today decided to hike the policy repo rate by +25 bps from 6% to 6.25% in a unanimous vote – the first hike since Jan-14. The MPC maintained its neutral stance on monetary policy and commitment to achieving a medium-term target for CPI of 4% ± 2%, while supporting growth….
Read MoreMay 28, 2018 11:47 am
“Whenever you find yourself on the side of the majority, it is time to pause and reflect.” – Mark Twain India’s Macro Situation Could Be Improving Soon When we stated last fortnight that macros can change quickly, we certainly did not imagine things would change in a week. But change, it appears, is afoot. Late…
Read MoreMay 14, 2018 12:30 pm
“The future is never clear; you pay a very high price in the market for a cheery consensus. Uncertainty is the friend of the buyer of long term values.” – Warren Buffett Why is the market shrugging off macro-economic concerns? That’s the title of an article in today’s Mint Markets section. We offer our take…
Read MoreApr 30, 2018 2:28 pm
“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price” – Warren Buffett Looking back at the past few months, North Korea’s sabre rattling has turned out to be noise, as expected. Trade war rhetoric is also looking to be largely noise, as expected. For…
Read MoreApr 16, 2018 1:52 pm
All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out – Peter Lynch This week we share a host of data on the domestic economy and reassess the global and domestic risks facing investors to…
Read MoreApr 5, 2018 2:56 pm
Before we get to the Monetary Policy, equities rallied strongly as investors gained comfort that the U.S. President, the new Fed Chairman, and their aides are likely to follow in the path of their predecessors, staying keenly focused on preserving the health of the U.S. economy – and by extension – the stock market, or…
Read MoreApr 3, 2018 3:19 pm
Performance review and attribution for Sanctum’s in-house flagship DPMS portfolios as well as broad-based market. Sanctum Fundamental DPMS Performance Attribution Sanctum Indian Titans Performance All good things must come to an end. We are referring to the streak of seven consecutive quarters of gains in Sanctum Titans, starting with the quarter of our inception as…
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