Portfolio Commentary

Sep 21, 2023

12:01 pm

• The trend in PSUs and business-to-government (B2G) sectors like defence and railways has surprised the investing crowd. • It’s essential to realise the importance of “newness” in investing. • Investors have traditionally ignored the newness factor in emerging themes. • History is replete with examples of how the evolution of humankind has happened because…

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Policy Makers Still Hard at Work

Sep 20, 2023

7:03 am

• Fed to leave rates unchanged, but signaling is evident that its job is not done • ECB raises rates by 25bps and signals rates to stay high for some time • Government bond yields pushing higher – oil prices a risk • China gives us some good news but foreign investors show little appetite…

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Investment Strategy

Sep 18, 2023

10:56 am

• Global equity momentum moderated in August amid weak economic data. • US economy is showing resilience, but conflicting data continues to emerge. • Eurozone is at a greater risk of recession as it faces stagflation. • Indian fundamentals strong; risk likely to emanate from global factors. • We look at add equities on dips;…

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Still robust growth and more inflation

Sep 12, 2023

5:41 am

• Major development at G20, not to be underestimated – India-Middle East- Europe Economic Corridor • More evidence of robust growth and inflation in US • Oil prices remain on a tear • China’s political challenges from within *Breaking News – India- Middle East – Europe Economic Corridor* Do not underestimate one of the key…

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