Bank Nifty Today — 02 NOV 2022 Analysis + Comparison with S&P500 + MPC meeting 3rd order…

ByBalachandran Viswaram

If the interest rates increase its good for the banks & they could rally, but its sentiment negative for all the borrowers. S&P500 and Nifty50 could react differently too as the US market has lower weightage on financials compared to India. Glad yesterday’s short call worked on bank nifty — read here. The price action formed today is…

How GDP, GST & Inflation numbers do not convey the reality?

ByBalachandran Viswaram

For a developed economy like the US, Europe, or Japan — the GDP numbers & the tax collections would indicate how much they have advanced every quarter, every year. But for a country like India — GDP, GST & Inflation data are just statistics. It cannot explain with certainty if we are progressing or regressing. Let us try to…