The WeekendInvesting Newsletter - 08 Nov 2023

Freshly Brewed - Market Perspectives from WeekendInvesting Research Desk

Entered at the top ? No Problem !

In this article, we dive into an interesting study on Mi NNF 10 strategy and its benchmark , the Nifty Next 50 Index. Mi NNF 10 is a strategy that selects ten stocks from the Nifty Next 50 stocks. This study analyses the performance of this strategy over the last 14-15 years of data.

The study aims to assess the performance of Mi NNF 10 strategy, even if an investor enters the market at the top of the cycle. Many people fear entering the market when it has already experienced a significant run-up. The study examines the outcomes of investing in this strategy for a three-year holding period.

Best time to buy Gold !

When it comes to investing, having the right allocation between different asset classes can make a significant impact on your portfolio’s performance. One ratio that investors often overlook but can provide valuable insights is the Gold to Nifty ratio. In this article, we will explore what this ratio signifies and how it can be used to allocate assets effectively.

The Gold to Nifty ratio is a unique ratio that measures the relationship between the international gold price and the value of Nifty, an index that represents the performance of the top 50 stocks listed on the National Stock Exchange of India. The formula to calculate this ratio involves multiplying the international gold price by the USDINR exchange rate and an additional taxation factor, and then dividing it by the grams per troy ounce and the value of Nifty.

WeekendInvesting Daily Byte

The Nifty has been steadily climbing over the past few weeks, with today marking the sixth session in which it attempted to go up from its recent bottom. With an increase of nearly 600 points, the market seems to be on an upward trajectory, hinting at the possibility of a new high in the near future.

The positive sentiment in the Indian stock market is not limited to domestic factors. Overseas markets also indicate that the worst may be over, at least for now. However, it is important to keep an eye on new data points, such as inflation and interest rates, which may have an impact on the market.

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