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
Here's How To Claim Tax Refund If You Missed The ITR Deadline
The Income-tax Act, 1961, allows the refund of any excess income tax deducted on your income beyond your actual tax liability.
26 Spiels You Should Not Fall For
We have a list of 26 traps that you should avoid in your journey to creating wealth
Unified Pension Scheme
The Union Cabinet approved the Unified Pension Scheme (UPS) on August 24, 2024, guaranteeing 50 per cent of the salary as assured pension for central government employees.
Unlocking Financial Freedom with Freedom SIP: A Beginner's Guide
Freedom SIP is the smartest way to finance your retirement because it allows you to ride the compounding rocket to build wealth, even by investing a small monthly sum.
Asset Allocation Strategy to Safeguard Against Market Fluctuations
Invest in different asset classes, such as equities, debt, gold, etc., so that if a particular segment doesn't perform in a given situation, others will come to the rescue.
The Role of Asset Allocation in Investing
A proper mix of asset allocation that aligns with investor's goals is key to the portfolio's long-term performance and reaching milestones.
Why Retirement Planning is Crucial in Life
Retirement planning is the key if you want a financially secure life in your sunset years.
IS SENIOR HOUSING FOR YOU?
Many seniors have taken refuge in senior living facilities in their twilight years as their children have moved abroad. While that may help them ward off boredom, they often come at a huge cost
WITH OR WITHOUT INDEXATION: WHEN DO HOMEOWNERS PAY LESS?
Calculating taxes under both methods-considering inflation and property appreciation-can yield a more precise result
Flexing Its Way Across Market Cycles
Very few funds meet investors' expectations of delivering superior returns across market cycles, and HDFC Flexi Cap Fund is one of them.