Looks like FIIs are back !!!

The day CNBC stops pushing HDFC Bank , it will start moving up !!!

Sobha- 1250 in 2006 to 60 in GFC to 700 there after to 120 in covid crisis and today crossing 1250 after 17 years hitting 20% circuit today. What a roller coaster.......

Looks like this week is unleashing animal spirit - RK BJP and now it's turn of markets....Let's see what FIIs are going to do now ??

Just imagine if china was playing cricket !!?? The theatre the crazy media circus and we need stadium with 500k capacity at least and then imagine what would have happened to hotel stocks !!??

Major transition for me in trading was muting market experts and listening to corporates.

There was lot of chatter and brokerage reports in 2014-15 about OBOR. Then we had decent correction. Nothing really changes in markets.

It's risk-on. Oil, dxy,debt and equity all running up. But dxy at 105 and Brent at 94 not really pretty. Will be on guard.

El Erian 'China is not reverting to its old economic and financial playbook, and its return as a powerful driver of global economic growth is unlikely in the near future. Economic performance is likely to remain lacklustre for the remainder of 2023 and the first half of 2024.'

Looks like covid has pushed most of the developed world in to 4 day work week. Strangely Europeans were more amicable to get back to offices after covid compared to US. Asians given smaller homes don't have much choice. But I for one is always for WFO. It's fun.

A fact to be noted while pharma is flying high '10 of the biggest drugs will be subject to price negotiations with Medicare. It will send proposed max fair prices by feb24 ,Negotiations will then take place until Aug2024, and the negotiated prices will take effect in 2026.'

China’s growth weakened to be slower than overall global growth in June for the first time ever, according to data from Bloomberg tracking gauges that date back to 2006

Now that we all believe ' interest rates longer for higher' and China is stalling, the next positive spin-off will be china exporting deflation to the world !!! We r in a bull market. But I also believe ' boring consolidation for longer.' Wait for a dip to buy. It will come.

US 30 year fixed mortgage rates are highest since 2001, existing home sales are weakest since 2010 and jobless claims are still healthy......Jackson hole it is.....

Only in Mumbai shouts 'ganapati bappa moraya' for every happy occasion.

Prigozhin dead and its making me think about all those cold war fictions I read during college days. The first one and all time favorite is 'second lady'

Bullard has this to say ' You still have a very tight labor market, and now you have a reacceleration in the U.S. economy. The risks are tilting a little bit more toward the idea that inflation won’t fall as fast as anticipated.' Lot of cues there before JH.

What a moment....

MIH2 is very preachy and loses the entertainment value. The portrayal of LGBT is rather disappointing. They could have done without it. I watched fast forwarding the series.

The institutional buying is very selective and mostly in high quality midcaps.