Why Moody’s cut its India credit rating outlook, investors taking refuge in gold ETFs; all this and more on Moneycontrol Pro

Finally, some great news! India’s fastest-growing financial subscriptions service, Moneycontrol Pro, is available both on the website and mobile apps. Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations. In sum, all the information you need for wealth creation. Why Moody’s cut its India credit rating outlook Two years ago, Moody’s had upgraded India to Baa2 with a stable outlook from Baa3, the lowest investment rating. The factors behind the downgrade in its outlook are nothing new. So what changed since then to change Moody’s outlook on India? Read here to know more. [caption id=“attachment_6847201” align=“alignleft” width=“380”] Representational image[/caption] Are record gold ETF purchases a bad trade or a warning sign for equity markets? There has been a structural change in the gold market. High gold prices have severely impacted gold demand both in India and globally. In uncertain times for the global economy, it seems investors are running to a time-tested haven. Investors are taking refuge in gold ETFs. Read here to know what that means. How much would India’s GDP, exports and investment have gone up if it had joined the RCEP? One of the things experts invariably advise when talking about trade is that India must strive to become part of global value chains. Trade agreements such as the RCEP help countries to be part of global value chains. India seems to have missed an opportunity there. Is it too late to make amends? Read here to know more. Weekly Tactical Pick: Yes Bank Yes Bank is this week’s tactical pick. The bank has been in the news recently for all the wrong reasons. That turned its stock price volatile, rising 129 percent from its 52-week low and also down 77 percent from its 52-week high. While myriad concerns still loom, some light is becoming visible at the end of the tunnel. Read here for a research view. Indiabulls Housing Finance: After a tepid Q2, focus returns to access to funds and litigation IBHF has been at the center of a sell-off seen in housing finance companies (HFCs) following the liquidity crisis that engulfed the segment since September 2018. However, the lender has deftly managed its liquidity needs so far. Its second quarter results showed a muted performance. Read here for a research view on the stock. GuruSpeak | Positioning for Luck using Technical Analysis The most common refrain from many people investing/trading in the market has been that we are always unlucky in our timing or stock selection. Read here for an expert view on this refrain and whether one can use technical analysis to position oneself to benefit from the luck factor. Primer | Surprise is a fact of life. Do stock markets like it? Surprises in life and the stock markets can be positive as well as of the unpleasant variety. In efficient markets, any new information should be incorporated into the price immediately and discounted. But that is not seen to happen in our markets. Why? In this edition, read here, we try to make sense of how Indian markets react to surprises and what investors should do when confronted with them. Technical Picks GAIL: GAIL is in a sideways trend based on price action and its last closing is a strong bearish outlook. Read here on how to trade this move. LIC Housing Finance: LIC Housing Finance’s price chart has triggered a multi-period bullish breakout. The stock has continued to show strength. Read here to know more on how to trade this move.