It’s Monday and while we might have all woken up today feeling like #ChrisRock after the #Oscars the markets lacked a punch last week. Both the #Sensex and #Nifty remained unchanged and saw a fall of less than 1%, to close at 57,632 pts & 17,173 pts respectively. (1/5)
#NiftyMetal and #Energy indices were the outliers and saw a jump of 5.1% and 2.1% respectively. Not terribly surprising considering wars, high commodity prices and global uncertainty. The S&P 500 and #NASDAQ had a good week and closed at 1.8% & 2.3% ↑ respectively. (2/5)
The #Nikkei was 4.9% ↑. It’s been making significant recoveries after falling to its lowest point in a year, on 9th March. In India, #Commodity prices are up, #Energy prices are up, and soon the RBI may not have any option but to take #InterestRates up. (3/5)
Indian #bond yields are increasing slowly. But if #oil prices stay up, things may pick up. This will not be welcome news for the markets or the economy at large that is on a recovery path. The war may be in a distant land, but it can have a big economic impact close to home.(4/5)
For now, the buzzword for the investor is caution. Stick to an effective asset allocation strategy that doesn’t leave you floundering should something (even more) unexpected come our way. SIPs are the best approach and short steps can prevent a punch in the gut. (5/5)
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