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Indian Indices Trade in the Red; Metal Sector Down 2%
Fri, 5 May 11:30 am

After opening the day on a flat note, share markets in India witnessed selling pressure and are presently trading in the red. Sectoral indices are trading on a negative note with stocks in the metal sector and FMCG sector witnessing maximum selling pressure.

The BSE Sensex is trading down 142 points (down 0.5%) and the NSE Nifty is trading down by 39 points (down 0.4%). The BSE Mid Cap index is trading flat, while the BSE Small Cap index is trading up by 0.1%. The rupee is trading at 64.30 to the US$.

Indian share markets are trading on a volatile note today. While the indices started their day near life-time highs, they witnessed selling pressure thereafter.

A weakened rupee, sell-off in commodity markets, and select index heavyweights such as ITC, Larsen & Toubro (L&T) and HDFC have led to the volatility seen above.

Apart from that, news of Coal India considering to list on the London Stock Exchange (LSE) and the news of aviation ministry auctioning airport contracts to private players has intensified the activity seen in the Indian stock markets.

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Among all this volatility and uncertainty, we'd like to remind of you to stick to the value investing approach i.e. to focus on the fundamentals and long term moats of companies and not fall for the frenzy seen in the stock markets.

Speaking of value investing, what's the best way to learn the value-investing approach and develop value investing skills?

It's to learn from the best minds out there.

As Charlie Munger puts it:

  • I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting there and trying to dream it up all yourself. Nobody's that smart.

Mohnish Pabrai gets this more than anyone else in the investing sphere. He clones the best minds out there in the investment world. And the benefits he's reaped by doing this can be seen in the performance of his fund, as illustrated in the chart below:

Mohnish Pabrai's Market Beating Fund Performance

This brings us to the question: How can one study the best investing minds in India out there? And how can one study their investing techniques? Well, my colleagues Kunal and Rohan have made it easy for you. They've crystalised a list of Indian investors worth tracking.

More so, they've laid out the investment strategies of these superinvestors and their detailed one-on-one conversation in an exclusive report.

As per Kunal and Rohan, if one could learn and implement the stock picking methods of these super investors, then one could theoretically replicate their success as well.

To know more about these super investors and their stock picking approach, download a free copy of - The Super Investors Of India.

In the news from the banking sector, President Pranab Mukherjee approved the ordinance facilitating amendment in the Banking Regulation Act, 1949. The ordinance deals with the banking sector's non-performing loans and will pave the way for a new framework to deal with the non-performing asset (NPA) menace currently plaguing the banking industry.

The new ordinance is expected to give more power to the Reserve Bank of India (RBI) to tackle mounting bad loans.

Earlier this week the Union Cabinet approved promulgation of an ordinance to amend the Banking Regulation Act for resolution of the NPA crisis.

The RBI India and the government may soon initiate a joint action plan to resolve stressed assets in the banking sector that involves pushing state-run firms to take over some failing assets and allowing banks to take necessary haircuts through overseeing committees (OCs).

Although, RBI through earlier measures like strategic debt restructuring was trying to solve this very issue of rising NPAs. The current move will allow RBI to act as a mediator between the banks and defaulters to solve the issue of bad loans.

India is going through a severe bad loan problem. Major banks have reported poor numbers in the recent earnings season.

The problem of bad loans is indeed quite severe and when we compare it with other global peers it looks daunting.

Out of the ten major economies facing NPA problems, India is ranked seventh.

The overhang of bad debts has not only hit the bank's profitability, but has also restricted their loan book growth.

The current push by the government and the RBI would go a long way to solve the crisis the country's lenders now find themselves in. A significant reduction in the number of NPAs will help banks grant new loans and spur the investment cycle.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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May 22, 2017 (Close)

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