[6 Aug 22] Newsletter: Market Overview, 5 Good Reads & Capitalmind Weekly Show!

🔆 Quick glance

• Market Overview: Sensex 30 PE trend, Macro markers & Top stocks of the week
• Links we like: 5 good reads on markets & money
• Capitalmind Show: Kya Lagta Hai Bazaar on Youtube

Market Overview 🎯

The Nifty 50 gained closed to 1.3% this week led by JSW steel on news that government may reduce export duties on steel and Mahindra & Mahindra gained on the back of strong automobile sales. Britannia shares fell sharply because the company missed out on quarterly earnings while HDFC Live once again makes it to the top losers list.

Crude plunged 15% last week and closed around $ 94. This should help cool off inflation a bit. USDINR didn’t do much over the week while gold & silver inched up a little. On a macro level, here’s how the key markers have performed over the week

The Sensex PE ratio, in comparison to the long-term range, indicates that the Sensex 30 is at an attractive level to buy into.

Links we like 📝

• The stock market does not reflect fundamentals. It reflects the crowd’s perception of the fundamentals. Read – Reflexivity: Explaining Bubbles
• Why cash is a position, How investment implications of future events are unknowable, and a note on ‘Systems Thinking: Everything being connected to everything else’ Read – Dare To Be Naïve
• Real estate Investment Trust (REIT) is the best alternative to owning real estate. Here are seven takeaways from a financial samurai. Read – Private Real Estate Investing: Seven Takeaways After Five Plus Years
• 13 Quotes from Thomas Sowell, an American Author, and Economist, that are hard to wrap your head around. Read – 13 Thomas Sowell Quotes
• If you purchased anything online or ordered food, chances are you were nudged to pay for it through this fancy sounding payment instrument. Deepak Shenoy explains the business of Buy Now Pay Later (BNPL) in a detailed post. Read – What is Buy Now Pay Later (BNPL)?

Kya Lagta Hai Bazaar🎙

We do a weekly show with Deepak Shenoy where we talk about markets, finance, and investing. A candid conversation to wrap up the week and a chance to interact with you all. Join in, every Friday, at 4 PM on YouTube.

Listen in to the latest episode. And, don’t forget to leave a comment!

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