FY19 - The Year That Wasn't
Some food for thought "We live in an age of universal investigation, and of exploration of the sources of all movements." —Alfred de Vigny (French Poet, 1797-1863) Word for the day Impedimenta (pl noun) Baggage or other things that retard one's progress, as supplies carried by an army, e.g., the impedimenta of the weekend skier. FY19 - The Year That Wasn't Financial Year 2019 has come to close. For financial investors in India this year has been rather disappointing, as both equity and debt investments have returned low returns. Despite a late rally in equities, for the year FY19, Nifty returns are ~13%, where as midcap -4% and smallcap -15% have yielded negative return despite the benchmark indices ending the year ruling close to all time high. Market breadth was accordingly terrible for FY19. Among NSE listed issues, four issues declined for every one gainer during FY19. Even for Nifty 500, the ad...