Crude oil had a killer month, up 10% and making the oil diggers happy. But India didn’t share the joy because we have to import costly crude. Nifty 50 rose another 1.2% this week, and the S&P 500 grew by 2%. And guess what? Silver is now trumping gold over the past year!
IT stocks are back to top of the table after having a fantastic last week on the back of earnings. The sector is up 4.7% this week while it doesn’t beat the NSE500 over 1 year period. PSU banks, on the other hand, had a bummer of a week and ended up in the red. But hey, PSU stocks are still the winners over the past month and year!
Sensex 30 PE Ratio
While the markets may be at All Time Highs, but Sensex 30 Index valuations are aren’t quite near their recent peaks.
What we are reading
When you hear about “quality” in the markets, the term ROCE comes up. It’s the Return on Capital Employed. Or, “how much money do you make on every rupee that you have ?” Are high ROCE companies great investments? Read:Â The impact of Return on Capital on Shareholder Returns
There is an undeniable and unavoidable belief among investors that we should be constantly active. Why is the idea so pervasive and what should we do to avoid it? Read:Â Make Doing Nothing the Default
When his three children were young, he installed a dime slot machine on the third floor of the family’s house. The objective was to convey the dangers of gambling, but it also meant the children’s allowance remained in his hands.
“I could then give my children any allowance they wanted, as long as it was in dimes, and I’d have it all back by nightfall,” he would remark.
Identify this investor.
Hit reply to this email and answer.
Each week, we randomly pick one winner who gets something cool!
While mid and smallcase struggled really hard, Nifty 50 had a nice week with a 2% gain. Crude continues to move up and has now touched $94. Gold ended flat ...
9 September 2023: Nifty 50 had a solid week, with a 2% increase, while Gold and Silver fell. Crude continues to move up and has now touched $90, increasing our ...
It seems like everything performed well this week, with crude oil notably making strides towards the $100 mark. Both gold and silver have seen an increase of ...