1.
Habit Stacking
Men (and women) are creatures of habit. And there are many bad habits we pick up along the way or new ones we wish we had. One way of creating new habits is through habit stacking.
The term “habit stacking” was coined by author S.J. Scott in his book Habit Stacking: 97 Small Life Changes That Take Five Minutes or Less. It means you create a new habit by attaching it to something you already do regularly. For example, while brushing your teeth, you can walk briskly in place – a multitasking moment that’s good for you in two ways. It was made famous by James Clear in his bestseller Atomic Habits.
“Habit stacking as a concept is an understanding of the way our brains function,” says Deena Manion, Psy.D. LCSW, a psychologist in private practice in Agoura Hills, CA. “If you connect a new habit to something you’re already doing every day, it can be a very important act of self-care.”
If you’ve successfully started a new habit, one way to keep it going is to make sure there’s a trigger you can’t miss. “It helps when we have visual cues in our environment,” says Diehl. For example, keeping your running shoes by the door will help keep a habit of running in your mind and going strong.
To read more about habit stacking, read the following articles:
https://jamesclear.com/habit-stacking
https://fs.blog/habit-stacking/
2.
GIFT Nifty
In 2000, the NSE wanted foreign investors to invest in Nifty 50 and so they came to an agreement with the Singapore Stock Exchange (SGX) wherein NSE provided data regarding Nifty’s prices to SGX and by using the data SGX would create a similar index. SGX would then offer a futures contract on this index created. It was named SGX Nifty.
Trading in Singapore started at 6:30 am IST and so till the time trading started in India, the Indian market would have a good idea of what could happen in the market. Hence, SGX Nifty became an indicator for the daily movement and opening of the Nifty on the NSE.
The SGX used to trade in US-dollar-denominated contracts of Nifty futures and options under an agreement with the NSE. The volume of this trade reached relatively significant levels and touched $3.9 billion of daily average turnover in 2022.
In 2018 NSE and SGX started having differences as NSE was worried that the popularity of SGX was sucking money away from India and was negatively impacting the growth of India’s futures market. NSE then built the strategy to set up a facility in GIFT city where they will provide a linkage for foreign investors to trade in Nifty in dollars itself.
To understand more about this, read these articles:
https://www.bqprime.com/markets/gift-nifty-the-new-identity-for-sgx-nifty-from-july-3
Thought of the Week
I think it is unrealistic and maybe hubristic to say, ‘I don’t care about what is going on in the world. I know a cheap stock when I see one.’ If you don’t follow the pendulum and understand the cycle, then that implies that you always invest as much money as aggressively. That doesn’t make any sense to me. I have been around too long to think that a good investment is always equally good all the time regardless of the climate.
~ Howard Marks
Video of the Week
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