Debt funds are India's new shadow banks; Sharma for khichdi govt

NEW DELHI: The stock market wrestled with volatility all through this past week, has as it meandered through the highs and lows each day only to end 0.20 per cent lower for the week. The reasons are not far to seek: election results are due in less than a month and the earnings season is on in full swing. Value investor Safir Anand summed up the market situation well in a tweet that he put out a few days back: Is it share bazaar or the way it is behaving so polarised, share bizarre?— Safir (@safiranand) 1555998453000 Commenting on the volatility, independent adviser Sandip Sabharwal handed out this piece of advice: Don't fear the volatility, learn to ride it. Stock Markets don't give straight line returns That's the reason the "Risk Premium" gives you higher than Fixed Dep… https://t.co/OICPWOXzpw— sandip sabharwal (@sandipsabharwal) 1555924436000 But if you see no signs that trouble for the market, Sandip Sabharwal lists out three: > Crude shock Brent Crude bottomed out at $ 50 per barrel end of Dec 2018 From there it is up a whopping 50% Huge gains, a negati… https://t.co/G458wC1u6j— sandip sabharwal (@sandipsabharwal) 1556034346000 > Fed up? Strong US GDP growth of 3.2% in the first quarter combined with potentially rising inflationary pressures could bri… https://t.co/TPvLPN4l2H— sandip sabharwal (@sandipsabharwal) 1556282695000 > Dollar Good No's from US Companies, decent economic numbers is driving the US Dollar higher. USD Index back to a one year… https://t.co/8y09anh9BJ— sandip sabharwal (@sandipsabharwal) 1556031553000 Fundoo Professor Sanjay Bakshi raised the flag on an issue haunting the mutual fund mart past few weeks. He said debt funds may have become India’s new ‘shadow banks’. Have debt mutual funds become the new “shadow banks” with the wrong Regulator and wrong reserving requirements? https://t.co/780QpomHdN— Sanjay Bakshi (@Sanjay__Bakshi) 1556334653000 Report cardSome eight Nifty companies came out with March quarter results this past week and most of the results were in line with expectations. Sabharwal said the uninspiring YES Bank earnings showed why the stock weakened a few days before the numbers were out and called it a case of insider trading. He said a sharp underperformance in the bank’s net interest income was more concerning than rising provisions. Yes Bank results show the reason why the stock has been week going into the results. Insider trading will never end… https://t.co/RzNGDzDm0x— sandip sabharwal (@sandipsabharwal) 1556285189000 Taking a cue from Ultratech Cement’s earnings, Sabharwal recommended buying stocks from this sector on decline. Strong results from Ultratech Cement. Operating leverage likely to play out big time in cement over the next two… https://t.co/VOLhQNdgFD— sandip sabharwal (@sandipsabharwal) 1556107466000 On a lighter note:Safir Anand points out that there is a competition going on between the stocks on RCom and Unitech. Here's how! Competition can come from anywhere. Who ever though unitech and RCom will compete? To reach around 1 rs on their stock prices!— Safir (@safiranand) 1555991818000 Lastly, Shankar Sharma thinks the "khichdi" government might just be a good idea for India. Do you agree? I really don't understand why some Indians fear a so-called" Khichdi" government so much. After all since childhood… https://t.co/Veh4YNXLqC— Shankar Sharma (@1shankarsharma) 1555993477000

from Economic Times http://bit.ly/2VyPrc1
via IFTTT