Tweet Buster: How D-Street looked at new GDP print, Trump-Xi talks
The past week ended on a cheery note, as the benchmark equity indices continued to be in the greens for five days in a row. The BSE Sensex saw a big climb of 450 points on Friday.
The rupee continued to strengthen and breached the 70 level, as the greenback softened against major global currencies after US Fed Chairman Jerome Powells dovish comments. A fall in crude oil prices was like a cherry on top of the investors cake.
Starting off with a puny tongue-in-cheek Haiku on the market mood from Safir Anand.
As the markets in sept/oct went into a DIP Retail investors in funds were smart to continue their SIP Suddenly many… https://t.co/9vuLMGVcch
— Safir (@safiranand) 1543287399000
@Iamsamirarora I think you should to us be more seen In a beautiful shade such as your green Symbolically the mark… https://t.co/yd4rzikdZL
— Safir (@safiranand) 1543483632000
The global trade war, on the other hand, seems like a never-ending saga. Heres what Sandip Sabharwal of asksandipsabharwal.com had to say about the Trump-Xi meeting at the G20.
#DonaldTrump and #XiJinping decide to push back tariff wars. Last hope of the bears now gone. Now wish for bad election results….
— sandip sabharwal (@sandipsabharwal) 1543733882000
#G20Summit @narendramodi to have two trilateral summits With #DonaldTrump & #ShinzoAbe Then #VladmirPutin &… https://t.co/sQ9neeXiR4
— sandip sabharwal (@sandipsabharwal) 1543598652000
GDP data debate
Markets continued to be abuzz, as investors eyed revised GDP Q2 numbers. The exercise has not convinced many, and Samir Arora of Helios Capital didnt hide his displeasure.
We lost money on our short book in 2009 because market went up partly due to wrong higher GDP calculation by CSO. H… https://t.co/R2p7mdkQuw
— Samir Arora (@Iamsamirarora) 1543418094000
Shyam Shekhar of iThought said the GDP number still needs to buckle up
The numbers still need to pick up. https://t.co/UoOt7ncasQ
— Shyam Sekhar (@shyamsek) 1543673366000
Meanwhile, Sandip Sabharwal felt the RBI has a tightening bias going into next weeks policy review.
#GDP growth lower than expectations #Inflation lower than expectations @RBI #MPC has a tightening bias Not sustain… https://t.co/BRH5tcznAm
— sandip sabharwal (@sandipsabharwal) 1543580102000
YES Bank continued to claim the spotlight. The stock rode a roller-coaster, its scrip extending its slide and plummeting to a 52-week low on Thursday. However, the stock erased its five-day losing streak on Friday and gained 5.3 per cent.
This is how Sandip Sabharwal looked at the stock.
In the interest of all stakeholders i.e. Shareholders, Depositors and employess @RBI should replace the top managem… https://t.co/tHz56Y1jhz
— sandip sabharwal (@sandipsabharwal) 1543470194000
Too many people trying to bottom fish in #YesBank at every lower level. They don't realize that Bottom fishing actu… https://t.co/yRGvPO98sE
— sandip sabharwal (@sandipsabharwal) 1543397021000
Sabharwal further drove investors attention towards YES Banks institutional holdings.
Institutional holding in #YesBank is very high given its large No of QIP issuances at periodic intervals FPI's – 4… https://t.co/owZ3ckJYBt
— sandip sabharwal (@sandipsabharwal) 1543398498000
NBFC liquidity crisis
With the cloud over NBFCs lifting slowly, it seems like a mood of pessimism has set in. Safir Anand continued to be positive on the space.
My caption for this based on excessive pessimism coverage by some ppl of all nbfc is: Agar bahut negative hoke bait… https://t.co/AdTxL429FF
— Safir (@safiranand) 1543728856000
And heres what Sandip Sabharwal had to say.
Comback on and likely to continue in high quality NBFC's as rate hike bets get pushed back. #JeromePowell comments… https://t.co/QTOE94YeDf
— sandip sabharwal (@sandipsabharwal) 1543470346000
Pearls of wisdom
And as a new week and a new F&O series is about to commence, here are a few tips, ideas, thoughts from the whos who.
Economic problems and economic progress run much longer than regimes do. Often, a regime creates problems which bec… https://t.co/tcSCqJ442t
— Shyam Sekhar (@shyamsek) 1543727066000
Think if the investment choice can become your reputation problem. It is not worth staking anything for an investee… https://t.co/ntkEN8mv0N
— Shyam Sekhar (@shyamsek) 1543579231000
You struggle to build position in a #microcap. It's stock price rises and falls. You do nothing. Then, someone come… https://t.co/i4tZglbzUG
— Shyam Sekhar (@shyamsek) 1543569938000
Shekhar said dealing with anxiety is critical in stock investing.
Dealing with one's own anxiety is critical. When it is others, we need to show empathy, be pragmatic and encourage… https://t.co/d0H3VRzuOz
— Shyam Sekhar (@shyamsek) 1543307510000
While a substantial part of the mid and small cap stocks are still looking for their lost sheen hotel stocks like I… https://t.co/884xTRNKIW
— Safir (@safiranand) 1543647893000
High time rally in india catches momentum in terms of its diversity. Many high quality cos at reasonable valuations… https://t.co/rAIL44SzXK
— Safir (@safiranand) 1543427295000
Learning for my investor followers and well wishers: In May 2018, a blog covered a housing finance stock attributi… https://t.co/3hiDknj4x6
— Safir (@safiranand) 1543547494000
While the November rally has been dominated by Large Caps. December could be very different.
— sandip sabharwal (@sandipsabharwal) 1543480464000
When operator driven stocks collapse. Touted as next bluechip, I always warned. Shankara Building Products…. When… https://t.co/aT403w1Mhz
— sandip sabharwal (@sandipsabharwal) 1543379108000
Fund Manager mantra: I am a long term investor – in all the stocks I don't sell in the short term.
— Samir Arora (@Iamsamirarora) 1543556602000