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Commentary

Weekly Summary: Great Visualizations, S&P Inflation Adjusted Returns, Onion Prices and More

  • (Comes to you a day late, but what’s a day between friends)

  • Tech Update: ITC, Sesa Goa Show Losses, RCOM Succeeds, and a Hindalco Trade

    An update on the technical strategy: the ITC trade mentioned in the last post hit a stop loss (mentioned this on twitter) at 348 after which, the stock went on its way and boom: Remember the idea is: Stock traverses …

    • The US S&P 500 Long Term Return Adjusted for Inflation

      Franklin Templeton postulates that “ History favours a return to the mean ” in which they say that we are, based on historical data, substantially more likely to have  positive returns in the stock markets in the longer term. In …

      • The Wrong Battle for the Rupee

        (I wrote this for Pragati, in August 2013 ) Freedom is a wonderful thing. In 1947, we got freedom of one type, in the very month this article is published. Yet, since then, we have constantly rubbished our freedom by …

        • Saturday Reads: US Defaulted in 71, Asset Backed Bonds, Faking a Company, DIIs Better than FIIs

          Of course the US Defaulted in 1971 , when it refused to give gold against dollars, says Nilesh Shah. The election commission has decided that social media like Twitter and Facebook are platforms for election propaganda , and therefore will …

          • NHPC Will Buy Back Shares at Rs. 19.25

            NHPC – the hydropower PSU – will buy back shares in a tender offer, at Rs. 19.25 per share. Their IPO was in August 2009 at Rs. 36, a price I noted as way too high for comfort . Since …

            • Onion Charts Show We Have Highest Prices in 12 years

              Onion prices have gone through the roof. But how high has the roof been in the past? A visual representation of the onion wholesale prices shows us we are at nearly the highest prices since 2001. (Prices were supposedly higher …

              • FIIs Buy Lots of Equity, Sell Lots of Debt in October

                FIIs continue to sell in the debt markets in India, while they shower money on equities. With more than 10,000 cr. sold in debt in October, FII flows are flat for the month. FIIs have already sold more debt (net …

                • RBI Collects $10 Billion from FCNR Window, But Uses it to Sell in Market

                  The RBI has announced that it has collected a phenomenal $10 billion through the FCNR dollar swap arrangement. The Reserve Bank has received till date USD 10.1 billion under the special concessional window for swapping Foreign Currency Non-Resident (Banks) Deposits …

                  • The Biggest Venture Capital Sector Investment in India is…

                    Looking at Venture Capital in the last few years you would think the biggest investment in India would have been in Infotech, or in services (like Flipkart) or even in telecom. But strangely, the biggest investment as a percentage has …

                    • SEBI was Told About FT Danger in 2007, NSEL Investors Being Probed Too

                      The Finance Ministry had noted, in 2007, that Financial Technologies, the owner of the defaulted NSEL, was potential not fit-and-proper for running a stock exchange, after Income Tax raids found unexplained amounts of Rs. 105 cr. This was disclosed to …

                      • Rajan Says Interest Rates Must Be High and Gold Imports Could Be Investments

                        In a speech at Harvard Business School , RBI governor Raghuram Rajan tells us a story: In part, India’s slowdown paradoxically reflects the substantial fiscal and monetary stimulus that its policymakers, like those in all major emerging markets, injected into …

                        • Akshaye Khanna Gets 100% Risk for Trusting “Double Your Money in 45 Days”

                          Actor Akshaye Khanna has been “duped” of Rs. 50 lakh by a couple that promised to double his money in 45 days . (HT @madmanweb ) Actor Akshaye Khanna has filed a police complaint against an Andheri couple who allegedly …

                          • October Has Been the Month for….Realty

                            The Nifty is up nearly 8% in October and there are 10 days left! You might think housing prices have stagnated, or gone down. But October’s given a huge move to realty stocks, as they outperform everything else. Yes, IIP …