Hindalco reported its highest ever quarterly profits and the markets cheered the share price. Same story with Coal India. Divi’s shares lost close to 5% this week while having a lousy 2022 as the share is down 20% YTD. There’s a lot more green than red in the markets as the Nifty continued to run up (+ 1.7 %).
Over the last one month, Nifty 50 is up ~11%. Where’s the bear market, you ask? Crude continued its volatile run being ~5% up in the last week. Other macros as listed below.
The Sensex PE ratio, in comparison to the long-term range, indicates that the Sensex 30 is at an attractive level to buy into.
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During the perilous time of the coronavirus outbreak in 2020, oil prices traded below 0. Yes, they turned negative and we conveniently moved on as if it was just another day in the markets. Times were such. Here’s a revisit to that event talking about the trade of a lifetime. Read – $660M in a Day: The Big Oil Short
Life, just like markets, mostly works through periods of bullishness and bearishness. Sometimes we are served with excesses in terms of salary, valuations, profits, recognitions, etc. We forget they don’t last and hence we get a harsh reminder. Read – Reality Catches Up
Charley Ellis recognized that there were two different games being played in the stock market. The game the experts play differs from the game the amateurs play. Which game should you play? Read – Wise Words from Charley Ellis