June 23, 2024 | Read Online
Large Caps are now just 63% of total market cap
The Nifty managed to hold on to 23,500 levels and close slightly higher during the week
Rupee slid to 83.5 levels against the USD last week
Russia launched further strikes against Ukraine today
FII’s have been positive lately on Indian equities with inflows
We will be cautious on incremental allocations at higher levels especially if the investor is already exposed to equity fairly
Nvidia faces an interesting conundrum of employees quitting as their stock valuations skyrocket
What to do with our STP’s that run for lump sum deployments?
Our Answer:
As we have maintained we remain cautious at current levels and beyond. The reason we haven’t yet generated a STOP trigger is that Nifty continues to hover around 23,500 and once the levels are significantly above that we would recommend the pause.
We don’t want to get caught in a situation where we stop and the market falls which will make it difficult to then invest the same manually. We continue to maintain a close watch and if the Nifty continues to move higher in the coming week, we might suggest a pause in running STP’s that are meant for lump sum deployment.
NOTE – This is for STP’s and we surely don’t recommend any stoppage or pause of SIP’s at all (Our founder’s thoughts in the Business Standard on SIP’s below)
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FII’s buy 10 billion of Indian debt - Read More
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Jimmy Zhong and how we stole and lost 3 billion USD - Read More
Article by our colleague Adil Haroon on medical costs and inflation
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