Market Letters

The rupee broke 84.50. Here's what it means before the bell.

If you hold IT, this is your tailwind morning. If you hold consumer staples, watch margins next quarter.

Why every retail trader I know lost money in April.

It wasn't the market. It was the holding period. Look at your last 10 trades — count the days.

The rupee broke 84.50 overnight. Here's what it means before the bell.

If you hold IT, this is your tailwind morning. If you hold consumer staples, watch margins next quarter.

Why every retail trader I know lost money in April.

It wasn't the market. It was the holding period. Look at your last 10 trades — count the days.

Adani Green just had its largest promoter sale in 18 months. What I'm watching.

2.1 lakh shares at avg ₹1,242. Holding fell from 67.9% to 67.3%. Here's why it matters more than the news cycle thinks.

The compounding math nobody in retail thinks about.

₹1 lakh at 12% for 30 years = ₹30 lakh. ₹1 lakh at 12% for 40 years = ₹93 lakh. The last 10 years do most of the work.

Why Indian small caps are flashing all the wrong signals.

PEs above 60. Promoter pledges spiking. FII selling. Yet retail is buying. The disconnect is widening.

Reading the corporate calendar — what next month's concalls will tell us.

May earnings season is here. Three things to listen for that the press won't report.

Why I stopped checking the market 50 times a day.

A personal note on attention as the scarcest resource in retail investing.

Three index inclusions you should be watching this quarter.

Stocks moving in/out of NIFTY 50 and NIFTY Next 50 create predictable flows. Here's how to read them.

The 80/20 of fundamental analysis.

Of the 47 ratios people teach, only 5 matter most of the time. Here's the shortcut.

What Buffett said about Indian markets last weekend.

Berkshire's annual meeting touched on emerging markets. Here's the unfiltered translation.

Banking stocks are sending mixed signals — here's the unified read.

Private banks at all-time-highs. PSU banks at 4-year lows. The story is more nuanced than the prices suggest.

FII flows finally turned positive. Here's why I'm skeptical.

After 5 months of selling, FIIs net-bought ₹3,847 Cr last week. But the composition of buying matters more than the headline.

Why Indian IT services may be at a 10-year inflection point.

AI commoditization meets rupee tailwind meets global slowdown. Three forces colliding.

The single best book I've read on Indian markets.

Saurabh Mukherjea's 'Coffee Can Investing' is the foundation. Here's what to take from it.

Why the Indian retail saver is about to discover bonds.

RBI's recent moves + tax changes have made bonds quietly attractive again. Here's the math.

The retail investor's biggest enemy is not the market.

It's their own attention. A quiet meditation on what separates good investors from great ones.

What's actually happening in Indian retail F&O — the bigger picture.

SEBI's data tells a story most don't want to hear. 90% lose money. Here's why retail is still rushing in.

Final letter before the weekend — what to do nothing about.

A Friday reflection on the value of inaction in investing.