Commodity prices cooling off, Government policies & an update on companies
Portfolio Update
Introduction
After a lot of bad news, the market seems to have finally started to show offshoots of good news.
Whether it is global commodity prices cooling off, RBI calling crypto a ‘clear danger’, auto sales showing encouraging numbers as we step into the festive season and the Government of India readying itself to launch ONDC – clearly the pessimism seems to be waning off.
In today’s update we will have 4 sections –
Global Commodity Prices
Portfolio Updates
Government’s policies – Good, Bad & Ugly
Spotlighting TNPL – Investee Company
So let’s start with the global commodity prices.
Copper & Aluminum prices decline have led to a fall of ~30%+ in the Industrial Metals index. Decline in wheat prices has aided fall in Agri commodities by ~20%+
Another green shoot alongside easing commodity prices has been the positive development that the chip shortage seems to be easing out with chip inventory availability improving.
(Although for Tata Motors, the JLR commentary has indicated that the chip shortage is still affecting their production ramp up – next few quarters should give us clarity on how this whole situation unfolds.)
Brent Oil Futures is down 17% in the last 1 month
Stocks