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Sensex edges closer to the historic 50k-mark

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The Indian stock markets ended yet another week in the green with benchmark indices closing out with marginal gains. With the 3rd quarter earnings season around the corner, investors are hopeful of a recovery in business performance. Moreover, the $1.9 trillion economic stimulus package from the US gave a boost to liquidity – which inevitably finds its way into the stock market. However, selling pressure was witnessed in the stock market towards the end of the week as weak global cues and a fresh round of lockdowns in Chinese cities made investors nervous.

Alright.. so before moving into further details about the markets, let’s read a little about the rise of India’s largest stockbroker – Zerodha!

Matter of Fact

Zerodha is India’s largest stockbroker. It was started in 2010 with the aim of revolutionizing how Indians traded and invested.

Zerodha gained traction when investors and traders realised that the conventional stockbrokers were slow in adopting new technologies and that higher costs did result in lower returns in the long-run. As of today, Zerodha is responsible for processing over 15% of all retail trades placed in the Indian stock market and it may be the world’s largest retail brokerage in terms of daily trades placed – which stands at over 20 lakhs!

In record time, @zerodhaonline has become the country's largest stockbroker. It now services over 15% of all Indian retail trades and it may be the largest brokerage in the world in terms of daily retail trades placed. Click To Tweet

Markets Update

Nifty 50

14,433.70

0.60% ▲

Sensex

49,034.67

0.52% ▲

Nifty 500

11,931.20

0.05% ▲

Bank Nifty

32,246.80

0.51% ▲

The Big Picture

India’s Consumer Price Inflation (CPI) stood at 4.59% in Dec’20 compared to the same period last year – the lowest in 15 months.
India’s Wholesale Price Inflation (WPI) stood at 1.22% Dec’20 compared to the same period last year. This is weakest inflation level since August 2020.
Industrial production measures the output of businesses integrated into the industrial sector of the economy, namely manufacturing, mining, and utilities. India’s Industrial Production fell 1.9% in Nov’20 when compared to the same period last year.
The value of commercial bank deposits in India increased by 11.5% in the fortnight ended January 1st, 2021 when compared to the same period last year.
The value of commercial bank loans in India increased by 6.7% in the fortnight ended January 1st, 2021 when compared to the same period last year.

Investing Insights

Private Banks and NBFCs vs Public Banks: Who wins?

The Banking and Financial Services Industry is the single most important sector of any economy and its health is imperative in the well-being of a country. These entities serve as custodians of funds of people and companies and they are also responsible for efficient allocation of such funds to the right pockets of the economy.

Over the years, however, it has come to light that privately-owned banks and non-banking financial companies (NBFCs) tend to perform and function better than their public counterparts. We dissect the reasons behind the same and how investors may benefit from it. Read more, here.

Ok, so?

Light House Projects: A whole new realty

Prime Minister Narendra Modi’s vision of Housing for All has been gaining steam as foundations have been laid out for 6 Light House Projects (LHPs) as part of which 1000 affordable houses will be constructed across 6 cities. Okay, so? Find out! 👇

Light House Projects (LHPs) could give India’s #housing sector a massive facelift. These projects will focus on delivering ready to live houses with speed, economy & with better quality of construction in a sustainable manner 🌏

Okay, so? Find out 👇 pic.twitter.com/IaixRZkyPo
— smallcase (@smallcaseHQ) January 15, 2021

That’s all for this week. Happy Investing! 🙂

Abhishek Jadon

VP, Investment Products at Windmill Capital.

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