Monkeys on the rampage! Sensex, Nifty, experts flattened on impact
The trading week ended 13 Friday marked the comeback of our two Monkey portfolios. Monkey 1 has hit a purple patch.
Oh my god! The Monkeys are back - and how.
For the first time in several weeks, both Monkey portfolios 1 and 2 have bested all their rivals - and by a wide margin.
For the week ended 13 January, Monkey portfolio 2 - a collection of randomly-selected stocks from the BSE 500 - towered over the rest of the pack with a hefty 9.5 percent gain, while Monkey portfolio 1 - a set of randomly-selected stocks from the BSE 100 - scooped up a 5.5 percent gain.
The benchmark indices - Sensex and Nifty - meanwhile, had to be content with a measly 1.8-2.3 percent expansion.
Even the super minds of the stock market, represented by a portfolio of 10 stocks selected by 10 brokerages, were no match for the marauding Monkeys: their (brokers') stocks notched up an overall 1.9 percent gain.
All the stocks in Monkey portfolio 2, and eight out of 10 stocks in Monkey portfolio 1 ended in the green at the end of the week.
Monkey portfolio 2's comeback was led by VIP Industries, which rebounded 13 percent, while Monkey portfolio 1's biggest winner was Adani Enterprises, which surged 20 percent after losing close to 50 percent in previous weeks.
Clearly, whatever the Monkeys are doing right now - confabulating with each other, reading tales of highly successful investing gurus (Monkey 1) and taking boxing lessons (Monkey 2) - seems to be working.
Still, they still have some way to go before they recoup all their losses since inception.
For the period since all the portfolios were created - 19 August - the benchmark indices were still in the lead, although with gains of less than half a percent.
The next-best performer was Monkey portfolio 1, which slipped 3.5 percent (see table), followed by the experts' portfolio, which contracted 4.7 percent (see table). Coming in last was Monkey portfolio 2, which was down 11.7 percent (see table).
Still, it looks like it's only a matter of time before the Monkeys regain their champion status even in the medium haul.
We have one more piece of exciting news: Firstpost can now reveal that enthused by their recent resurgence in the markets, both Monkeys have decided to give a joint interview on their investment strategy for 2012.
So, be sure to come back next week for our exclusive one-on-one (or is that one-on-two?) interview with the Monkeys. We promise you won't be disappointed.
See you then!
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Cars24 raises $200 million in Series E funding round led by DST Global taking it's valuation over the $1 billion mark
The funding round also saw the participation of existing investors like Exor Seeds, Moore Strategic Ventures and Unbound.
Looking at India’s problems of farm productivity, public health, renewable energy, something isnt' right if the departments involved are contributing only a quarter of the already low GERD.
San Francisco-based gaming startup Krikey now backed by Jio Platforms, launches new AR game called Yaatra
Twin sisters launch a new augmented reality mobile gaming application in light of fresh funding.