Source: Motilal Oswal Research
Categories
Chart: MSCI EM Vs MSCI India
Source: Motilal Oswal Research
Categories
RBI : Time is running out for PSU Banks
RBI Deputy Governor, Viral Acharya in his speech on 7 Sept, 2017 made the following comments:
Every few days, I wake up with a sense of restlessness that time is running out; we have created a due process for stressed assets to resolve but there is no concrete plan in place for public sector bank balance-sheets; how will they withstand the losses during resolution and yet have enough capital buffers to intermediate well the huge proportion of economy’s savings that they receive as deposits; can we end the Indian story differently from that of Japan and Europe?
Categories
Top 5 Holdings of CLSA in India
This post is in continuation of my coat tailing series (see here)
To know what other top investors are buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter
CLSA is a well known FPI in the Indian Equity Markets.
It’s top 5 Holdings as on 30 June,2017 as per stock exchanges is as given below:
| Company Name | NSE Symbol/BSE Code | Entity | Value (In Crores) |
| United Spirits Limited | MCDOWELL-N | CLSA GLOBAL MARKETS PTE. LTD. | 609.73 |
| Hathway Cable & Datacom Limited | HATHWAY | Clsa Global Markets Pte. Ltd | 258.24 |
| Reliance Communications Limited | RCOM | CLSA GLOBAL MARKETS PTE. LTD. | 93.66 |
| Prism Cement Limited | PRISMCEM | CLSA Global Markets Pte. Ltd. | 65.77 |
| Shilpa Medicare Limited | SHILPAMED | CLSA GLOBAL MARKETS PTE. LIMITED | 59.13 |
Categories
Linkfest: September 11, 2017
Some stuff I am reading today morning:
FPIs on selling spree (ET)
The sub-7 % reality (T N Ninan)
Modi Govt’s growth challenge (Mint)
Are stock brokers ready for longer trading days? (BL)
Soros’ worst trade (Macro Tourist)
Reinvestment Risk-Got any ideas? (Market Fox)
A boom in Copper is coming (Katusa)
Be the 1% in something (Financial Samurai)
The 4 fundamental skills of all investing (Collaborative Fund)
Asset Allocation: Let the Ball come to you (Prag Cap)
This is an interesting book for me to review as I am not really a technical analysis kind of guy.
There is no denying that, many times in the markets, it is better to be in cash than be fully invested.
The Book “5 Moving Averages that beat Buy and Hold” by Steve Burns & Holly Burns give 5 Moving Averages that one can use to protect oneselves in a falling/sideways market
These averages are to be used on the index and not on individual stocks as “the index can’t go bankrupt,issue false earnings etc”
The five moving averages are as follows:
- 200 Day Average.Buy/Hold when index is more than 200 Day Average on the last day of the Month.Else move to cash
- 250 Day Average.Buy/Hold when index is more than 250 Day Average at the end of the day.Else move to cash
- 50 Day SMA & 200 Day SMA. Buy/Hold when the 50 Day SMA is more than the 200 Day SMA.Else move to cash
- 20 Day SMA & 200 Day SMA. Buy/Hold when the 20 Day SMA is more than the 200 Day SMA.Else move to cash
- 50 Day SMA & 100 Day SMA. Buy/Hold when the 50 Day SMA is more than the 100 Day SMA.Else move to cash
The Book has back tested these formulas and makes a decent case.
There may be additional factors such as whiplashes,trading costs,impact costs etc which may impact the results in an actual trading environment
Do buy this book if interested in an introduction to Moving Averages.