The Nifty was the worst of everything in 2011. I will not need to say anything after you see these:   And BRIC: And just us in Asia: Yes, we’ve all gone down this year, but the Nifty underperformed everyone else for most of the year. May 2012 be relatively less screwed up. Tweet

Posted in 2011InCharts, Charts, Credit Repair Comments Off

And to continue with the 2011InCharts theme, we have the market snapshot since the highs of 2008: (Click for larger pic) We’re at a 16.75 P/E and near recent lows – and below both long-term moving averages. Sectors in 2011: Rea; estate was destroyed by over half; infrastructure by 39%. Banks and Midcaps were down [...]

Posted in 2011InCharts, Charts, Credit Repair, Nifty Comments Off

With a turnover of just 5138 cr., December 26, 2011 has taken volumes to a (near) five year low. (You have to ignore Diwali Mahurat trading days, the big upper circuit day in May 2009 and a few saturdays of test trading by the NSE) The chart says it all. Markets are dying. Tweet

Posted in ChartOfTheDay, Charts, Credit Repair Comments Off

I spoke of the Marginal Standing Facility recently, and today we take a look at liquidity in terms of how much banks are borrowing from the RBI overnight: Over the weekend the Repo requirement was 1.73 lakh crores, a very very high amount. (total deposits in the system are about 57 lakh crores, so this [...]

Posted in ChartOfTheDay, Charts, Credit Repair, Macro Comments Off

A quick post about how the markets have done over the last few days, in both reaching a two year low (lowest since August 2009) and then doing a 4% recovery over two days. (Click to enlarge) The slope of the 50 and 200 DMA are now down and it looks like the index is [...]

Posted in Charts, Credit Repair, Nifty, WeeklySummary Comments Off

Market Capitalization to GDP isn’t really a comparable figure, since one is a measure of wealth and the other dynamic measure of transactions in a year. Yet, it’s useful to see valuations in comparison with where they were earlier. (GDP figures from RBI quarterly database, Marketcap from NSE/BSE) We are at levels last seen in [...]

Posted in ChartOfTheDay, Charts, Credit Repair, Macro, Nifty Comments Off

For the week ended 3 December 2011, Primary Articles Inflation contracted to 5.48%. This is largely food and a good crop has made prices come down. I believe we will see inflation go temporarily negative at this rate, though the rise of the dollar will percolate into the system and raise prices very soon. Tweet

Posted in Charts, Credit Repair, Inflation Comments Off

The RBI rates for the dollar are nearing the 54 mark, with a record 53.577 touch today. It supposedly traded at 53.80 also in the spot market, and is at 53.81 in the USDINR futures market. This is gonna hurt real bad. Tweet

Posted in ChartOfTheDay, Charts, Credit Repair Comments Off

In a shocking development – not really – Monthly inflation for the month of November has come in at 9.11%. As for the components, notice that slowly the primary articles piece is coming down, but the rest – Fuel and Manufactured goods, continue to inch up: ‘ Fuel’s up due to the revision in prices [...]

Posted in Charts, Credit Repair, Inflation Comments Off

I had earlier provided a chart of the Nifty since 2000, adjusted for inflation, including dividends and without. A cleaner way to look at the index is to “adjust down” for inflation every month (using a monthly index). I have assumed about 9.5% for November and 9% for December (we only have WPI monthly data [...]

Posted in ChartOfTheDay, Charts, Credit Repair, Nifty Comments Off