July 20, 2025   |   Read Online 

Asset Class returns in India over the past 10 years - Kindly DO NOT extrapolate the averages as these are point to point and can be highly misleading - though yes, it gives a good idea on how rotational the performance is

Source - ET Wealth

• Markets dipped a bit and are at important support levels (Investors can position themselves for nibbling at any fall from here and biting below 24k Nifty levels).

• Markets are polarised between worries of slowing growth, trade wars vs ample liquidity, sectoral value emerging, and good macros (low interest rates, strong corporate and bank balance sheets - yes, specific NBFCs are in big trouble and I think it’s for their good). We believe, as specified before, the upside will come from value-driven sectors and capital goods, infra and rural consumption amongst others.

• HDFC Bank delivered good results and approved the bonus issuance. The Net Interest margins still need to improve, though.

• Markets, especially FII's, continue to remain on the sidelines on account of the uncertainty of the US-India trade deal. This, as we mentioned, is a big worry, as if the deal doesn't happen, any tariff escalation could lead to an impact on the affected sectors.

• MTNL defaults over the past few quarters on bonds - No impact seen on MFs or bonds, but shows a big difference over the past where PSUs never defaulted - something of note that should make investors discern about even PSU entities when buying bonds.

"My Interview for Fortune magazine, where I speak about why in derivatives the house always wins, and the cognitive biases that impact derivative traders" ~ Vivek Banka

Read here

Source - Pinetree Macro

• Stealth Mode IPO's

• Death of the Amex Lounge

• Don’t be scared of heights

• Cash Holding of MFs

• India Office Reit bounceback

• The tech philosophy and the AI opportunity

• HDFC Bank Results

• Vanguard goes big on Crypto

• Is Lenskart the next Paytm

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That concludes our insightful exploration of financial trends this month. If you've found value in our analyses or have gained a new perspective on managing your finances, we hope you'll continue this journey with us. Goalteller is dedicated to providing you with knowledgeable insights and reliable advice to help you navigate the complexities of financial planning.