Economic news will turn speculative in the coming weeks. We will either be sold hope or fear depending on the intent of the newsmakers. The budget will always be an event around which volatility will be more, speculative activity will rise, guesswork will be dominant, and the excitement quotient will…
Podcast Transcript As an investor and an advisor, I have had the privilege of closely interacting with thousands of people on matters relating to their personal finance. There is on running observation that keeps recurring. People who have done very well in life are often the least prepared financially…
When you start an investment, journey counts. Given that most people aggressively start investing around market peaks, their starting point is not ideal. Most investors tend to scale up their equity investing around market peaks. While this has become a way of life, the subsequent behavioral responses matter for their…
The RBI’s monetary policy announcement did not do much to improve the market sentiment. The clear shift in stance, willingness to be accommodative, the confidence on inflation management and a decisive bend to act and do more if necessary were all simply not enough to reassure markets. The markets seem…
A new cabinet took office last week. Economic data for the last year was released shortly after. Clearly, the new government has no honeymoon period. It must hit the ground running. Even though the challenges are clear and everyone knows what needs to be done, the way forward is still…
The last week saw turbulence in the guidance of a global Indian IT giant. They marked their guidance down taking their stock down sharply. Domestic IT companies had however not dropped their guidance in their earnings calls done weeks earlier. When one company, and especially a large one, drops its…
Three phases of polling are over. We are past the midway mark. Pollsters are slowly spotting a decisive trend. They won’t put out numbers due to electoral regulations. Meanwhile, the markets seem to be responding to domestic corporate results and global trends. Oil is rising. The US markets are about…
The first phase of polling is behind us. The fate of 91 Lok Sabha seats is already sealed. The second phase comes up next week. Predictably, this is the most keenly fought election. It is a battle for survival. While political parties pit themselves head to head against each other,…
A new financial year has begun on a positive note. Flows seem to be improving from both domestic and foreign investors. Indices are setting themselves up for new highs. Yet, index valuations already look very much on the higher side of the band. Growth seems to be stable but inadequate…
Another financial year draws to a close. For investors, it was a forgettable year. While domestic investors showed sustained commitment to Indian equities, FIIs sold Indian equities for most of calendar year 2018 and turned buyers in 2019. Valuations kept moderating through the financial year and investors kept showing enthusiasm…
Election fever is just about to begin. This election is probably unique for its competitive intensity. On one side, we have a strong coalition with a clear leader. On the other, there is a strong opposition of divided forces to that leader. While the impact of a united opposition could…
The course seems to be set for a liquidity driven market rally. Evidently, the markets seem to be betting on a clear, decisive, electoral verdict. This does not mean that the verdict will be just that. Elections are innately unpredictable and the only way to play them is by either…
