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Sensex crosses the historic 60k-mark!

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It was yet another week where the bulls outpaced the bears in the stock markets, to propel markets to yet another all-time high. A couple of factors bode well for the markets. The anti-China sentiment, that has been accentuated because of the lacklustre business conditions due to the Evergrande crisis will probably prove well for India Inc. ‘Advantage India‘ is what some view as the increase in capital flow to India instead of its competitors like China.

Strong sectoral performance of Realty, IT and metals, along with proactive government policies in sectors like Auto have also been in favour of the markets, as it should be. Moreover, on a net-net basis, Foreign Institutional Investors were net buyers of Indian equities – data from NSE suggested. By the end of the week, Sensex crossed the historical 60,000-mark for the first time ever. Interestingly, Sensex took 21 years to reach the 30,000-mark. And just about 21 months to achieve the next 30,000 to make it touch 60k!

Before moving on, let’s take a look at an interesting quote of the week…

Quote of the week

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
Warren Buffett

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful. – Warren Buffett Click To Tweet

Markets Update

Nifty 50

17,853.20

1.52% ▲

Sensex

60,048.47

1.75% ▲

Nifty 500

15,191.95

1.10% ▲

Bank Nifty

37,830.30

0.05% ▲

The Big Picture

Deposit growth, which measures the growth in commercial bank deposits, stood at 9.3% in the fortnight ended Sept 10th, 2021 when compared to the same period last year.
Loan growth, which measures the growth in commercial bank loans, stood at 6.7% in the fortnight ended Sept 10th, 2021 when compared to the same period last year.
Foreign Exchange Reserves in India decreased to $639.64 billion as of September 17th from $641.11 billion in the previous week.

In the spotlight

Dividend Aristocrats by Windmill Capital

When you invest in a stock, you can broadly make 2 kinds of returns. First, capital gains – which is the increase in the price of the stock over a certain time period. Next, and quite a powerful one, is dividends.

Dividend Aristocrats smallcase by Windmill Capital

The ‘Dividend Aristocrats’ smallcase is based on this very idea. Think of dividends as additional cheese that you receive on your pizza, over and above the normal amounts. The smallcase consists of companies that have consistently increased their dividend payments over the last 10 years. Hence, it serves as an ideal form of regular additional income for investors. Read more, here.

Watch this week

Beyond Charts – In My 20s

“Want to get richer? Time is now.” Financial goals and how to manage money in your 20s with Divam and Anuj from Green Portfolio. Click below to watch!

And that’s a wrap for the week! Take care, and happy investing 🙂

Abhishek Jadon

VP, Investment Products at Windmill Capital.

Hopeful inflation data boosts markets

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