Track 04Module 5 of 68 sources
Investing in India: sectors, data and where to look
Build a working research kit for Indian equities and understand what drives each major sector.
Key ideas
- Each sector has one or two numbers that drive it: credit growth and deposit cost for banks, the dollar and US spending for IT, crude for oil marketers and paints.
- Domestic flows through monthly SIPs now absorb foreign selling, which has changed how deep Indian corrections run.
- Index valuation tells you about expected returns over years, not about the next quarter.
- Small and mid caps carry a liquidity premium in good times and a liquidity penalty in bad ones.
Start hereWatch or read these first. They carry the core idea.
Course
Varsity Module 14: Sector Analysis
Zerodha Varsity
How to analyse a sector, with worked Indian examples.
Tool
Tijori Finance: sector and company data for India
Tijori
Sector dashboards and company operating metrics.
CoreThe standard references. Work through them once the idea is clear.
Tool
Newsletter
The Long & The Short Show
Playlist · In The Money by Zerodha · 58 videos
Long-form conversations on Indian market structure and strategy.
Report
Economic Survey of India
Ministry of Finance, India
The government's annual review of the economy. Read the overview chapter.
Tool
Go deeperResearch, primary sources and data for when you want the detail.
Tool
Practice
Pick one sector. Write the two variables that drive its earnings, find where to track them and note their direction today.
See it live
Where this leads
05.4 · Macro and LiquidityIndia macro: the RBI, the rupee, crude and external balancesFollow Indian monetary policy and the external accounts well enough to anticipate their effect on sectors.07.2 · Indian Market StructureWho is buying: foreign, domestic and retail flowsRead the daily flow numbers and know which of them carry information.