For a long time I wanted to write my views on Financial Media. This week I read a blog by one of the best fund managers in the world Howard Marks about ‘Expert Opinion’ & took inspiration from it to write this blog. I urge you to read the original blog from this link. https://www.oaktreecapital.com/insights/howard-marks-memos. It’s […]

We can classify sectors in to broadly two categories: Cyclicals and Defensives. Cyclicals are those that are directly impacted by economic growth and include capital intensive industries. Cyclicals would include Metals, Cement, Construction, Corporate lending banks, Capital Goods/Engineering, Hotels, Textiles, Telecom, Oil & Gas, etc. . Defensives sector would include FMCG, Auto, Consumer durables, Retailing, […]

We know bull markets are marked by broad-based upmove and bear markets see narrowing of the market to a handful of bluechip stocks. The image below highlights exactly this with weight of top 10 Nifty in Nifty 50 index. In the past whenever the weight of top 10 stocks in Nifty has come close to […]