Diwali, the festival of lights, illuminates the hearts and homes of millions across India. Beyond the mere sparkle of lamps and the burst of fireworks, Diwali also carries immense significance in the realm of wealth.
That’s why Diwali is also the time when both seasoned investors and amateurs try to make strategic moves, hoping to ride the wave of luck and secure profitable investments.
In the year leading up to this Diwali (as on October 27, 2023), the market has proven to be quite favourable to investors. The S&P-BSE Sensex has delivered a little over 7 per cent, while both the mid-cap and the small-cap indices have surpassed this with a wide margin. The BSE Mid-cap and BSE Small-cap indices have delivered 24.24 per cent and 28.31 per cent, respectively, over the period, adding further excitement. Investors are now eagerly planning their next move to add more sparkle to their portfolio.
The only concern that could throw a spanner in the fireworks is some major “geo-political” upheaval and elevated global interest rates. After reaching a new high of 67,838 on the BSE-Sensex on September 15, 2023, the market has fallen by around 6 per cent (as we go to press) due to geopolitical concerns.
Unfavourable Global Factors
In India’s booming financial market, recent global challenges have caused a bit of uncertainty. The geopolitical tensions between Israel and Hamas have heightened concerns among investors about increasing geopolitical risks in the financial markets.
This conflict will potentially lead to a rise in oil prices and cause fresh challenges for the global economy, and more so for India.
This story is from the November 2023 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2023 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Stay Ahead Of AI-Powered Cyber Fraud
AI has become an integral part of our lives, right from customer service at banks to insurance claims. But it has now become a powerful arsenal for the fraudsters too who are increasingly using AI to scam individuals and corporations alike to commit fraud. The key is to stay vigilant
Travelling To Europe? Pack In The Essential Covers
Smart travellers must know that insurance is a must-have. From essential health coverage to theft protection and trip interruptions, know what you need for a worry-free Europe trip
How To Spend Wisely This Year-End
We all spend during the year-end. But the trick is not to overspend or borrow, either from friends, or your own investment, to fund your indulgence. Maintaining balance is the key
Travel Now Pay Later (TNPL)
Travel now, pay later (TNPL) is a close cousin of the more popular buy now, pay later (BNPL) schemes.
12 Books Devina Mehra Loved Reading In 2024
Listing books of her choice, among the ones she reads during the year, is ace investor Devina Mehra's favourite year-end activity. She says it's a daunting task to pick around 12 books from a list of 50.
Here's How To Avail Of Ayushman Bharat Yojana
Launched in 2018, the Ayushman Bharat Yojana aimed to provide health coverage to targeted benefi ciaries from the Socio-Economic Caste Census (SECC) 2011, based on deprivation and occupational criteria.
'Focus On The Business, Assess If You Want To Be A Partner For 10-20 Years'
Professor Sanjay Bakshi, a value investor, behavioural economist and adjunct professor at Flame University, Pune, gives his unique perspective on how to choose a stock, in an interview with Nidhi Sinha, editor, Outlook Money, as part of the Wealth Wizards series. He also shares his learnings from role models Warren Buffett, Charlie Munger, Benjamin Graham and others, and how being a chartered accountant, economist, investor and teacher make him into what he is today. Edited excerpts from the interview
The New Trump Card For IT, Pharma
Donald Trump has been re-elected as the 47th President of the US after a gap of four years. Here's how it will affect the Indian markets and how it will benefit sectors such as IT, pharma, export-oriented sectors and others
European Sojourn
Tight on budget? Dump the popular European destinations for the little-known wonders that are equally attractive
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
