Foreign Exchange
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Money Market
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Wednesday, 10 March 2021
Friday, 5 February 2021
Monitoring the Bull Market in Indian Stocks: Update as of January 2021
See also the December 2020 update.
See my blog of July 9, 2014 for the original note on using TMV/GNP ratio to gauge whether the market is cheap or expensive, and my monthly blogs on this subject
India Market Map: January 2021
Foreign Exchange
Bank Deposits
Public Provident Fund
Thursday, 7 January 2021
Wednesday, 6 January 2021
India Market Map: December 2020
Foreign Exchange
Bank Deposits
Home Loans
Monday, 4 January 2021
Monitoring the Bull Market in Indian Stocks: In December, Market cap. to GNP reaches highest level since Narendra Modi's rise to power
Market capitalization of Indian stocks as percentage of GNP (TMV/GNP) is estimated at the highest level of 95% since Narendra Modi came to power. Similar levels were seen in January and August of 2018. Are we in for a correction in the market or are we going to see market entering bubble territory with the ratio crossing 100%?
See my comments for the November month. Given the strength of the US market, I would see a further rise to the 100% area for TMV/GNP backed by a further rise in the market. But I believe investors need to start looking at their portfolios and making sure that they have quality names in their portfolios.
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