We started 2020 on a buoyant mood with all good things picking up for the economy by the end of 2019, well elaborated in our article, ”The last day is special, it ends significant confusion.”  published on 31 st December 2019. Indian government brought in an expansionary budget which was well supported by RBI’s policy rate cuts. Not only various engines of growth of the economy started showings signs of revival, stock market rally also spread to wider range of stocks including from midcap and small cap segments, from just being a concentrated rally limited to 12-15 stocks. It was also the time when corona had engulfed the key industrial town of China and its spread started dreading the world. Remember our communication of 16 th February in which we feared it to be a Black Swan event. And in our communication Adversity offers Opportunity on 24 th February we had advised you to keenly look for investment opportunities that this pandemic could offer. Opportunities st...

  Bear markets and business depressions are temporary. People do not remain pessimistic forever. - Sir John Templeton   Covid phobia forced all governments across the world to enforce complete lockdown in affected areas while putting restrictions in others. This brought almost all world economies to a standstill. Priority shifted to saving lives than allowing free movement of the people thus bringing world economy to a halt.   Soon the world leaders realized that the public movement and economic activities can’t be restricted for long and they will have to learn to live with it. So they started opening the doors step by step. Already a substantial loss had been inflicted upon the economy. Now is the time to recover and get back to the normal self.   Impact on Markets: Markets reflected these events and in March with both major Indian indices down by over 40% from their peaks. We live in a very optimistic world which presently live virtually. We are witn...

Today India is celebrating “Ganesha Chaturthi” with full fervor and dedication. Lord Ganesha symbioses knowledge and wisdom. Hindus starts all their ventures after offering prayers to him. He is also worshipped for being “Vighnharta – Destroyer of all evils.”   Last year we explained you how the Ganapati Festival helps you understand the nuances of investment management. Read more Ganapati Festival – From Sthanpana to Visarjana & Your Investments   Current Market Outlook – In recent past markets have recovered much faster than anybody expected. All economies across world are struggling hard to come back to their normal forget talking about growth. India still have partial or full lock down imposed in many parts of the country. Some odd signals like online sales, private car & 2 wheelers or GST collection etc. do bring peace, still until the whole nation is opened to the extent that schools are fully functional, one can’t be sure of corona having been defeated ...

"An investor without investment objectives is like a traveler without a destination." - Ralph Seger Legend goes that it is on this day that Lord Shiva married Goddess Parvati after she observed strict penance on moonless nights for his long life and well-being. Sawan Shivaratri, therefore, marks the union of Shakti and Lord Shiva, the two great forces in the universe. It is believed that observing Shivaratri rituals on this auspicious occasion can help one attain Moksha or Nirvana – ridding you all of your worries. One such ritual being devotees visiting Shiva shrines and carrying Ganges holy water bathing Shiva idols at their temples. There are quite interesting lessons to learn from this great festival for investors. First and foremost is the concept of Moksha or Nirvana. In layman’s language it refers to freedom from all your worldly worries. While a devotee’s sole objective of observing rituals is to attain moksha. We do, as investors, strive to attain Fin...

“We cannot truly plan, because we do not understand the future- but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just take guts.”- Taleb:   Propounder of The Black Swan theory. Pessimism that set in March, still persists in our minds. In fact it has deepened with growing number of Covid cases being reported. The largest question ruling our minds today is - Shall we ever be able to overcome it…………..     and if yes by when and how? Have we ever wondered how have the Indian culture survived for so many thousands of years, how come so many Indians who were transported as labourers to many African and European countries centuries ago are now ruling the roost or how come most of the top 20 firms in the world have Indian heading them and so on……….. The only reason to above and many such questions is our “ Ability to Adapt ”. We are fast learner and very quickly adapt to new situation. Indians enjoys six different we...

"Without continual growth and progress, such words as improvement, achievement, and success have no meaning" – Benjamin Franklin Yesterday the Finance Minister doled out her fifth and the last tranche of the 20Lakh crore economic package to lead the economy out of the current corona crisis and fire its growth engines. PM in his address to the nation on 12 th May had laid lot of emphasis on Self Reliant India. And this package seems to be addressing the same to a good extent. It had almost all the provisions that industry had been asking for quite some time and also a desire to push SMEs on path of growth including micro enterprises. But does it serve the purpose of the moment – we think a lot has been left to be desired. Presently it’s not the question of lack of money with businesses that has put them on the path of degrowth, but the lack of demand or consumption. Now we are in lock-down v4.0 and a lot of activities have been allowed including the sale of goo...