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9 12, 2014

Low Volatility: The First 1% Down Day in Two Months

By |December 9th, 2014|Categories: Market Volatility, Nifty|Comments Off on Low Volatility: The First 1% Down Day in Two Months

Volatility‘s been low. And low on the downside, to a fairly large extent. Prashanth mentioned on twitter that yesterday was the first 1% down day since October! Look, really at how little we’ve seen of the 1% down days in 2014:

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That’s just seven days […]

19 11, 2014

Premium: Bank Nifty Companies Q2 Growth Surges; Net NPA Ratio Inches Upwards

By |November 19th, 2014|Categories: Nifty, Premium|Tags: |Comments Off on Premium: Bank Nifty Companies Q2 Growth Surges; Net NPA Ratio Inches Upwards

Last week, we brought to you a comparative analysis of the Nifty companies performances, vis-à-vis Q1 and Q2 2015.

A few interesting points emerged; on a y-on-y basis, the companies did not perform as well in Q2 FY15 as they did in Q1. Now we extend our analysis to see how Banks have performed.

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17 11, 2014

Q2 Profit Growth for Nifty Companies Shockingly Low After a Vibrant Q1

By |November 17th, 2014|Categories: Nifty, Q2 2015 Results|1 Comment

In our last post we spoke of how the Nifty companies show very Q2 growth (YoY) of 3.7% on revenues and 5.17% on Net Profit. Q1 on the other hand was excellent with both revenue and earnings growth about 18%.

That was with only 37 Nifty companies announcing results. Now, we have all of them. And the sight isn’t any prettier:

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11 11, 2014

Nifty Companies Q2 Growth Slows; Pales in Comparison to Q1 Growth Levels

By |November 11th, 2014|Categories: Nifty, Q2 2015 Results|1 Comment

Interesting last few weeks for us at Capital Mind. With companies announcing their Q2 earnings since early October, we have been tweeting some important and fascinating results via our official Twitter handle (@Capitalmind_in). And this is set to continue! Plenty more announcements are to follow over the next few weeks, and we shall look at them closely and will definitely have some intriguing trends to share with you all.

One such […]

4 11, 2014

Nifty EPS Growth Continues To Be Sub 15%, P/E Not In Bubble Territory

By |November 4th, 2014|Categories: EPS, Nifty, PE|1 Comment

On popular request, here’s the Nifty Price to Earnings (P/E) ratio chart. Alongside we plot the Earnings growth on a per share basis:

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A few things stand out: […]

3 11, 2014

Nifty’s 4.5% Move in October takes 2014 returns to 32%, Best Year Since 2009

By |November 3rd, 2014|Categories: Charts, MonthlyMoves, Nifty|2 Comments

October went up a brilliant 4.5% on the indexes, taking the Nifty’s 2014 returns to 32%. The surge since Diwali has been over 500 points on an index that now promises to be the best year since 2009. The month had a number of trading holidays, including one for Maharashtra elections, but still, markets went up (mostly in the last 10 days). Japan’s QE announcement took markets up another 2% […]

28 10, 2014

Chart: India’s Stock Index Does The Best YTD Performance In The World (Oct 2014)

By |October 28th, 2014|Categories: Charts, Nifty|Comments Off on Chart: India’s Stock Index Does The Best YTD Performance In The World (Oct 2014)

You could be bullish for India: it’s been doing well. In fact, in 2014, the returns on the index have been ludicrously oversized in comparison. The Nifty is really the only index that has a huge double digit return, among the big guys around the world. The US, even with all it’s new found growth, saw the S&P 500 up only 6% for the year.

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27 10, 2014

Election Fever: Auto, Pharma, IT Stocks Outperform Nifty; Metal, Realty Stocks Underwhelm

By |October 27th, 2014|Categories: Charts, Nifty|Comments Off on Election Fever: Auto, Pharma, IT Stocks Outperform Nifty; Metal, Realty Stocks Underwhelm

The markets have seen quite some euphoria over the last few months. Since May this year, the Nifty has been hitting unprecedented levels, touching an all-time high of 8173.9 at the close of the day of 8th September.

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Ever since Election results came out in May, the markets seem to have taken very kindly to the mandate. The Sensex […]

18 10, 2014

Inflation Ensures Nifty is Nowhere Close to All Time High In “Real” Terms

By |October 18th, 2014|Categories: Charts, Inflation, Nifty|4 Comments

You know how much inflation eats into your returns? This much: Adjusted for inflation, the Nifty is 10% lower than the highs we saw in 2008. Although the Nifty has moved 30% higher than the 2008 levels in “absolute” (i.e. not inflation adjusted terms). We take the Nifty (including the impact of reinvesting dividends) and show you how inflation has made all the difference:

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18 10, 2014

Nifty Snapshot: At 5% From Peak, We’re Not In A Correction Yet

By |October 18th, 2014|Categories: Charts, Nifty|Comments Off on Nifty Snapshot: At 5% From Peak, We’re Not In A Correction Yet

The Nifty continues to “correct”, although it did rise marginally today.  The recent Nifty “peak” about 8173 has come after a long ride up.

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(Click for a larger image)

This chart maps all the retracements that are 10% or more. You can see here that […]

25 09, 2014

Premium: The “Crash” is Not Yet One. The Data Isn’t Yet Bad Enough.

By |September 25th, 2014|Categories: Nifty, Premium|Tags: |Comments Off on Premium: The “Crash” is Not Yet One. The Data Isn’t Yet Bad Enough.

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As we write this, the US Markets have fallen 1.5%, with the S&P going considerably below 2,000. The Indian stocks listed in the US markets too have fallen between 1% (IT) and 5% (ICICI Bank)

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The general feeling is that the market will bounce back. Indeed it […]

1 09, 2014

Monthly Moves: 4 Consecutive Wins as Nifty Moves 3% in Aug, 26% return in 2014

By |September 1st, 2014|Categories: Charts, MonthlyMoves, Nifty, Sensex|1 Comment

In another fantastic month, August gives us a 3% return on the index, which closed near 8,000 (Nifty). This is now four consecutive up-months.

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On the Sensex, the streak runs to 7 months, with only January showing a negative number.

[…]

25 08, 2014

Nifty EPS and P/E Chart: EPS Growth Dips to 10%

By |August 25th, 2014|Categories: Charts, Nifty|Comments Off on Nifty EPS and P/E Chart: EPS Growth Dips to 10%

Nifty EPS Growth drops suddenly to 10% in the last few days. The trailing 12 month P/E (non consolidated) is at 20. This kind of thing happens a lot; but it’s remarkable that for the last seven years, our P/E ratio never went below our EPS growth rate (trailing).

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11 08, 2014

Adjusted for Inflation, Nifty Still 15% to 35% Below All Time Highs

By |August 11th, 2014|Categories: ChartOfTheDay, Charts, Nifty|Comments Off on Adjusted for Inflation, Nifty Still 15% to 35% Below All Time Highs

When you adjust the Nifty for inflation, you might see how high the Nifty really is in comparison with the past. That is, even with today’s Nifty value at all time highs, is it really an all time high if you considered the value of the rupee has fallen due to inflation?

Looking at the Nifty (with reinvestment of dividends) since 1999, we can use a single reference point […]