Chart of the Day 📈

1. Nifty Equal Weight Index is still holding on to the trendline support

Source : Shivaji Vitthalrao’s twitter

2. Nifty 50 and Nifty 50 Equal weight in one chart

Source : Pramod Sharma’s Twitter

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what is nifty 50 equal ?
never heard of it 1

The NIFTY50 Equal Weight Index represents an alternative weighting index strategy to its market capitalization
weighted parent index, the NIFTY 50. The index includes the same companies as its parent, however, weighted
equally.
The NIFTY50 Equal Weight Index aims to measure the performance of constituents forming part of the parent index,
the NIFTY 50 Index, where each company in the index shall be assigned equal weights at the time of review.

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Source : Abhishek Basumallick’s tweet

IT Exports, for the first time have surpassed our oil import bill. Bodes extremely well for our Current Account Deficit.

No wonder why Nifty IT has been the top performer from quite sometime. This is potentially game-changing.

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If this trend needs to be continue , we need continuation of present Central government :thinking:

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Not sure if this can be attributed to the central govt though. The main reasons for IT sector growth can be attributed to rapid tech transformation and digital adoption across the world which has accelerated more due to Covid pandemic.

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Well i was referring to the “Made in India” thing

Germany’s 10 Year Bund yield is about to turn positive after 3 years !!!

Source : David Ingles

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The Nifty Equal Weight Index - anyway to see the value on Kite , or on the NSE Website?

How does negative bond yield work? Any idea?

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Its a crazy world bro. the guys who gives the money gets less than what he paid at the end of the maturity.

Central banks actions after the aftermath of GFC has led to this. It makes sense for govt to raise money at such cheap rates. at the same time for those with extremely surplus cash, putting the money in govt bonds may mean negative returns but atleast it ensures safety.

Dont know how long this madness will last. my bet is …not too long from now. (13-14 years is already too long)

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As per Holger Zschaepitz, Germany’s Producer Prices jumped by >25% YoY in Jan, this was the highest increase since PPI statistics began in 1949. Rise mainly driven by energy prices BUT even excluding energy, producer prices rose by a whopping 12% YoY

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Hmmm… Proceeds to take out Austrian Red Bull out of the Bosch Fridge. *Germanic efficiency noises intensify *

Ze what ?

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India VIX crosses 30 for the first time since June 16th , 2020

Darr ka mahaul hai :exploding_head:

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russianindex

We have basically witnessed history today. A major index crashing 50% in a day. What a time to be alive !!! :astonished: :scream: :scream:

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This doesn’t make sense. Why would someone give money to get back lesser money later ?? Why don’t keep it with yourself or in gold bars or better to put in World stock market instead of this foolishness.

Maybe in a couple of years when we are a well developed nation, our next generation will ask us the same question.

Russian Ruble crashes 40% Overnight from 83 to 117++ .

Russia is 11th Largest Economy btw . Unprecedented

Highest OI in Bank Nifty in last 10 Years !!!

Source : Rajarshita’s tweet

Futures OI?