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Today was a record breaking day in many aspects. The opening gap down for instance, we last saw something bigger way back in 2007. The net change for the day was a 3.5 standard deviation of daily returns, something we last saw in 2008. Not a single Nifty stock ended in positive territory, not even defensive stocks which got hit...
Recently I was at a housewarming ceremony of a friend of mine. The said friend of mine had been holding the plot for sometime now and decided that the best way forward was to build a few houses and let it out for rent. This he said gave him the best possible return for his money compared to investing in...
Recently when Sensex breached (for a few moments) the 30000 mark on Sensex, Anchors on CNBC-TV18 dressed up with T-Shirts with 30000 printed in bold numbers (and in Red for added effect). Way back in 2007, with Sensex breaching one round number after another, it was a series of parties in the studios of business channels. But I wonder if...
For a long time, we looked at only one Index when it came to the Indian Markets and that was the Sensex. Even years after Nifty had come into the picture, Sensex reigned supreme. While Bombay Stock Exchange is the oldest exchange in Asia, when it came to the Sensex, the whole concept is fairly recent having been first compiled in...
Since long Budget day has been seen as one the The most important trading days in the history of the stock markets. So much so that regardless of whether its been a week day or not (Saturday as Budget day falls this year for instance), markets have remained opened during the time. Budget day trading is a Speculator’s delight. Huge...
I am currently reading the much acclaimed “Stock Trader’s Almanac 2015” and the first major seasonal indicator that comes up for discussion is the January Barometer. Designed by Yale Hirsch in 1972, the January Barometer states that as S&P 500 goes in January so goes the year. The Indicator has been successful 89.1% of the time since 1950. In India,...
This idea comes from Eddy Elfenbein of Crossing Wall Street fame. He has done a similar analysis on the Dow and I wanted to see what outcome would I find if I apply the same concept to the Sensex (owing to it having a much later history than CNX Nifty). The Chart below outlines the fact that Sensex has been...
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