Snapshots that wow!

Shani se nahi, Budh se daro!

Two students from Tsinghua University dug deeper into the effect of Mercury retrograde on Chinese stock markets They make two pivotal contributions to academic literature (their words, not mine). They “enrich the field of behavioural finance by examining the impact of superstitions on the stock market” and provide findings “complementary to the body of work on how mood affects the stock market” (again, their words, not mine).

They find that in a country full of superstitious investors like China, the Mercury retrograde effect is much stronger than previously documented.

This new study found that Chinese stock markets dropped by an average of 1.5% during the weeks of Mercury retrograde. Meanwhile, in the time Mercury is not in retrograde, Chinese markets rise by about 2% creating a huge potential for an active trading strategy that outperforms the market.

Source : Tsinghua University, PBC School of Finance

Khelo India Khelo!

The 6-7% drop on indices did not perturb the retail equity participants who logged into their online brokerage accounts in record numbers to participate and either buy the dip or panic and sell the falling knife.

Source: Nitin Kamath

Khelo India Khelo- Part 2!

NSE India handled highest ever – number of transactions in a single trading day today (June 5, 2024) between 9:15 am to 3:30 pm- of any exchange in the world ever!

Source: NSE, CNBC

Not so happy meal!

Of various consumer discretionary consumption products, the McDonald's McAloo Tikki burger price has seen the highest inflation with prices increasing at 12% CAGR in last 5 years!

There is only one product which has seen a decline in prices in the last 5 years- Parachute Coconut Oil! I guess the days of champi from mom are over.

Source: Kotak Institutional Equities

Sometimes, one needs to be shady!

Taking note of World environment day last week, and of the amount of heat complaints made by us- it is perhaps important to note- we are to be blamed. With a measly 28 trees per person vs. world average of 422, we simply do not have enough shade cover, enough water transpiration adding back moisture and clouds to the environment and so much more!

Source: Atul Kasbekar

The benchmark of valid excuses just got a raise!

Ashiana Ispat delayed informing the exchanges on auditor’s resignation. Reason: The promoter was undergoing open heart surgery when the auditor’s called him to step down and therefore was unavailable to answer the call. I guess I can no longer use the dog ate my homework excuse!

Source:@BeatTheStreet10, BSE Filings