The WeekendInvesting Newsletter

In a recent news story that may have been overlooked, the Federal Retirement Thrift Investment Board announced a significant change in the benchmark index used for their $600 billion retirement fund.

This change will have a ripple effect on the market, resulting in the shifting of assets and potentially benefiting certain countries. The shift from the MSCI EAFE index to the MSCI ACWI IMI ex USA ex China ex Hong index will have a notable impact on India, making it the second-largest beneficiary of this change. . . . .

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In recent times, there has been a notable increase in the flow of foreign direct investment (FDI) into India. According to the latest statistics, FDI has risen by approximately 10% in the current calendar year, which is a remarkable achievement. The numbers speak for themselves: in the month of November alone, the FDI inflow reached a staggering 1.75 lakh crores.

This robust growth is not limited to FDI alone, as other sectors such as auto sales, cement production, and steel production are also experiencing impressive gains. This trend is further amplified by the significant investments in the real estate sector by large institutions and developers.

As an insider, we may not realise the full extent . . . .

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WeekendInvesting Daily Bytes

We’ve had a remarkable week, with the last three days showing a bit of a slowdown, but nevertheless, we’re closing at 20,972. After hitting 21,000 and the RBI maintaining the repo rate, there was a bout of profit-taking from 21,000 down to 20,860, a drop of about 150 points. However, almost the entire dip was recovered, ending at 20,972. The market remains very strong; there’s no doubt about it.

Sectors of the day are . . . .

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