When you will be reading this story, in any form (print or digital), we must have entered the new Vikram Samvat 2076 and we will be witnessing a laying down of a solid foundation of a long-lasting bull run in the Indian stock market. Actually that will be a continuation of what we saw on September 20, 2019, when the finance minister (FM) Nirmala Sitharaman in her last of the four booster doses announced a hefty cut in corporate tax rate and we witnessed one of the highest gains in the benchmark indices Nifty and the Sensex.
Though the benchmark indices of the markets have returned only nine per cent (Sensex and Nifty gained 3,157 points and 1213 points respectively) during current Samvat year 2075, which will end on October 27, 2019 (this story was written on October 21), the stage of optimism is being set in such a way for Samvat 2076, that all-time peak level achieved by frontline measures (Sensex at 40,312 points and Nifty at 12,089 points) during June 2019 will be surpassed and new record level will be achieved. However, the journey to the new peak will be equally stormy and will pass through high volatile path. The market movements in the second half of the financial year 2019-20 (FY20), post Diwali, will be crucial and we will be discussing how to make a way out of it in the following lines.
Just a couple of weeks back, there was pessimism all around with the slowdown in economic growth, lack of consumer demand, liquidity or the crisis of confidence, negative sentiment in the capital markets leading to a huge erosion in the market capitalisation (M-Cap). It is very easy to be coloured by the newsflow and dwell on the past and present data points. The four booster doses announced by the FM for the economy, spread over five Fridays during AugustSeptember, have the vigour to kick start the economy and improve the sentiment for businesses and for the capital market participants.
Denne historien er fra November 2019-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 2019-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms
