Midcaps and smallcaps were largely down in the dumps for the whole of last year. Yet, a newly-launched PMS strategy generated 29 per cent returns in last 14 months investing mainly in midcaps! The secret? The PMS carefully picked shares of asset-light companies that had reinvestment moats, and avoided cyclical bets. The strategy is called Stallion Asset Core Fund, a PMS managed by market veteran Amit Jeswani. The fund delivered second-best yields since inception among the PMSes that started their journey in last one-and-half years. Only largecap-focused Marcellus Consistent Compounders, run by Dalal Street veteran Saurabh Mukherjea bettered it generating 30 per cent returns in 13 months. Jeswani says he invests in primarily two types of companies—those which do not need capital to grow and those which can consistently reinvest their capital at high ROIC (return on invested capital) and have a strong competitive advantage. “Our portfolio is largely focussed on … [Read more...] about Midcap-focused PMS makes a killing, delivers 29% amid broader market rout
Mcx market live rates
Gold and silver futures fell on Wednesday as traders booked profits while assessing the risk of a global epidemic from a coronavirus outbreak in China that could have an impact on economic growth. Gold futures slipped 0.31 per cent to Rs 39,788 per 10 grams, while silver futures shed 0.34 per cent to slide to Rs 45,987 per kg. Brokerage SMC Global said bullion counters may witness some profit booking. Gold can dip towards Rs 39,600 while facing resistance near Rs 40,000, while silver can test Rs 45,800 while facing resistance near Rs 46,500, it added. Globally, spot gold fell 0.3 per cent to $1,553.27 per ounce by 0133 GMT. On Tuesday, prices rose to a near two-week peak before declining as much as 1 per cent. US gold futures were down 0.3 per cent at $1,553.30. A Reuters technical analyst said spot gold may revisit its Jan. 14 low of $1,535.63 per ounce, as the downtrend from the Jan. 8 high of $1,610.90 has resumed. Gold Rates - Spot & Futures (.995 purity) (MCX)DateGold … [Read more...] about Gold rate today: Bullion slides as traders book profits
The IMF attributed the slash in estimate to the slowdown in demand in the domestic market and stress in the nonbank financial sector."The growth markdown largely reflects a downward revision to India`s projection, where domestic demand has slowed more sharply than expected amid stress in the nonbank financial sector and a decline in credit growth," said the IMF. … [Read more...] about IMF cuts India’s growth rate to 4.8% for current financial year
Josh: In the long run, if business performance is poor, that would have to flow through as lower incomes and lower spending to consumers. But I think what we’re seeing here is that Trump’s trade moves — combined with economic weakness in China and Europe that he didn’t create — is discouraging certain kinds of business investments and putting them on pause. So long as that’s basically confined to the goods parts of the economy, it should be possible to maintain growth despite it. There will be a bit less growth than we otherwise would have had, and that means even less income to workers than they could have had. But the effect doesn’t have to be large, especially if businesses are eventually going to get clarity on the global trade situation. And by de-escalating with China, Trump has somewhat reduced the uncertainty they face (emphasis on “somewhat”). … [Read more...] about Why Is the Stock Market Doing So Well?
Retail sales fall by 0.6pc in December, extending worst run on record FTSE 100 hits six month high Seasonally-adjusted figures see dip despite discounting and holiday period Money markets now point to 76pc chance of a rate cut at end of month following tepid economic data European markets advance as geopolitical fears fade China’s growth slows to lowest level in nearly 30 years Garry White: The stock market madness could be about to end … [Read more...] about Investors brace for rate cut after ‘shockingly weak’ retail sales