What happens now to the development agenda? This is the only concern of the stock markets. Election outcomes are always seen by the stock markets only from this narrow prism of self- interest. Markets want events to support its sustenance, there is nothing new about it. What one needs to…
Results season inevitably become a question hour. Instead of getting worked up about the questions let us try and find some answers. Is the economy really recovering? Market watchers keep getting this self-doubt in waves. The results season is clearly a time when the waves resurrect themselves. One bad result…
The argument about how smaller companies have a greater ability to run faster has been floating around for the past year. This argument is finding strong retail investor backing. Hope is driving retail investors to pour money into the mid-cap space. Past performance is seemingly the driver. If mid-cap earnings…
Investing in an uptrend is usually very different from investing in a slowdown. An uptrend usually does not give you the opportunity to wait and buy stocks. There is strong competition to buy stocks. You end up trying to grab market opportunity. In markets which are subdued, the stock…
When you sit down and calculate how much money you will need after a decade to send your young daughter to study overseas, the realization dawns on you that a wide gap exists between want and have. What you can earn and save is significantly lower than what you will need. Think of the retired life you fancied for yourself and…
The ability to surprise depends on two things. Expectations and preparedness. When you expect something or when you are too well prepared for an event, there hardly is any scope for a surprise. But, when you don’t expect much and are not prepared for something, the actual event should surprise.…
The Reserve Bank of India (RBI) cut its policy interest rate to a 4-1/2 year low of 6.75 percent on Tuesday, in a bigger-than-expected move that, with inflation running at record lows, could help an economy in danger of slowing down. “I don’t think we have been excessively aggressive,” RBI…
“Do you think I should buy now or should I wait for a little longer?” my conservative friend called to check with me on Thursday. I was curious to know the actual rationale behind waiting. Was it because he believed that stocks would fall further? Or, was it the fear…
“Quality always comes at a price”. This often-repeated argument about mid-caps is suddenly looking a bit wobbly. The reason is that the price has got too stretched for comfort. Several stocks that once enjoyed disproportionate fame and following have lost a third of their peak value. Slowly, the list of…
Global factors will dominate our markets in the coming weeks. Oil prices have trended down and settled to a soft regime. The currency now becomes the primary concern. Everybody has a view on where the rupee should settle. But, the man who actually knows is playing the cards close to…