Who wrote this article?

CM Team, Capitalmind's research team.

What topics does this article cover?

Saturday Coffee, What we are Reading

What does the "🔆 Saturday Coffee Newsletter" section say?

Market Overview: Top Indices & Asset Classes Sensex 30 PE: Markets at high but not costly! Good Reads: 5 good reads on investing & finance Pop Quiz: Answer and win a cool prize!

[15-Jul] Market Overview, 5 Good Reads and Sensex 30 PE ratio

15 Jul 2023CM Team2 min read

Quick Facts

What is "[15-Jul] Market Overview, 5 Good Reads and Sensex 30 PE ratio" about?
What category is this article in?: General
Who wrote this article?: CM Team, Capitalmind's research team.
When was this article published?: Published 15 July 2023.
How long does this article take to read?: 2 min read
What topics does this article cover?: Saturday Coffee, What we are Reading
What does the "🔆 Saturday Coffee Newsletter" section say?: Market Overview: Top Indices & Asset Classes Sensex 30 PE: Markets at high but not costly! Good Reads: 5 good reads on investing & finance Pop Quiz: Answer and win a cool prize!
What does the "Sensex 30 PE Ratio" section say?: While the markets may be at All Time Highs, but Sensex 30 Index valuations are aren't quite near their recent peaks.

Market Overview: Top Indices & Asset Classes
Sensex 30 PE: Markets at high but not costly!
Good Reads: 5 good reads on investing & finance
Pop Quiz: Answer and win a cool prize!

What’s up with markets?

Crude oil had a killer month, up 10% and making the oil diggers happy. But India didn’t share the joy because we have to import costly crude. Nifty 50 rose another 1.2% this week, and the S&P 500 grew by 2%. And guess what? Silver is now trumping gold over the past year!

IT stocks are back to top of the table after having a fantastic last week on the back of earnings. The sector is up 4.7% this week while it doesn’t beat the NSE500 over 1 year period. PSU banks, on the other hand, had a bummer of a week and ended up in the red. But hey, PSU stocks are still the winners over the past month and year!

Sensex 30 PE Ratio

While the markets may be at All Time Highs, but Sensex 30 Index valuations are aren’t quite near their recent peaks.

What we are reading

When you hear about “quality” in the markets, the term ROCE comes up. It’s the Return on Capital Employed. Or, “how much money do you make on every rupee that you have ?” Are high ROCE companies great investments? Read: The impact of Return on Capital on Shareholder Returns

Democratizing data analysis with AI. Read: What AI can do with a toolbox… Getting started with Code Interpreter

In a talk with MBA students, legendary investor Howard Marks suggests forecasting and economists are a waste of time. Read: Howards Marks rejects forecasts in favour of psychology

There is an undeniable and unavoidable belief among investors that we should be constantly active. Why is the idea so pervasive and what should we do to avoid it? Read: Make Doing Nothing the Default

Buffett and Bezos on protecting your most important asset. Read What Matters In The End?

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