oppn parties Beware of Fresh Highs in Stock Indices

News Snippets

  • Delhi Police arrested Sangram Dass, said to be the kingpin of an inter-state new-born baby tafficking racket, from Kolkata after a 1500-km chase
  • NC leader Omar Abdullah alleged that the B|JP was forging secret deals with some regional parties and independents to form the government in J&K
  • Rajasthan Police has devised a Standard Operating Procedure (SOP), as directed by the Rajasthan HC, to help married and live-in couples facing threats from families and others. It icludes helplines and safe houses
  • A 3-storey building collapsed in the busy Transport Nager area in Lucknow killing 8 and injuring 28 others
  • Pakistan Army chief General Asim Munir admitted for the first time that the army had a role in the Kargil war while honouring soldiers killed in that war on Defence Day event in Islamabad on September 7
  • A Pocso court in Siliguri sentenced a 22-year-old to death for raping and killing a minor girl in August 2023
  • Fresh violence erupts in Manipur, 6 killed even as chief minister Biren Singh meets state governor L Acharya
  • Froeign Minister S Jaishankar to speak at the UNGA annual debate on September 28 despite PM Modi being present in New York on the same date
  • Directors Association of Eastern India (DAEI) suspends top Bengali director Arindam Seal as member after allegations of sexual harassment against him
  • IAS probationer Puja Khedkar, in the limelight for her flashy lifestyle and haughty requests before joining, was sacked from IAS for fraud
  • Duleep Trophy: Rishabh Pant and Sarfaraz Khan put India B in strong position against India A
  • Duleep Trohpy: Manav Suthar shines as India C beat India D by 4 wickets
  • Paris Paralympic: Simran Sharma wins bronze in women's 200m
  • Paris Paralymipic: Navdeep Singh's silver in javelin upgraded to gold as gold winner disqualified for 'improper conduct'
  • Paris Paralymipic : Hokato Sema wins bronze in shotput
Controversial IAS probationer Puja Khedkar sacked from IAS for fraudulently availing extra attempts in IAS exams by faking her identity ///// Fresh violence in Manipur, 6 killed
oppn parties
Beware of Fresh Highs in Stock Indices

By Slogger
First publised on 2017-10-17 08:37:22

About the Author

Sunil Garodia Holding an extreme view and carting the ball out of the park is what interests him most. He is a hard hitter at all times. Fasten your seatbelts and read.
Are the Nifty and the Sensex the true barometer of the Indian stock exchanges? Then how do you reconcile the fact that while the two indices broke fresh ground and registered new highs on Monday, the 16th of October 2017, the breath of the market was negative as more shares declined than rose? The NSE reported 813 advances and 920 declines while the BSE reported 1279 advances against 1420 declines on the day. Hence, an investor would be foxed if he buys some stock after careful research only to find that the price fell despite the Nifty and the Sensex riding high.

Investing in stock markets is becoming trickier by the day. A part-time player is more likely to lose money than make the promised big bucks if he dabbles half-heartedly in stocks. The main reason is that the stock markets are now, more than ever, being driven by a handful of players playing around with the stocks of a handful of companies. Even IPOs are becoming highly overpriced where companies are trying to squeeze out the maximum premium. Rumours and loaded tips rule the roost and gullible investors are burning their fingers.

The best option for investors is to either invest in blue chip companies on a long term basis or go for mutual funds that have a proven track record. That way, they will encounter less risk. If they wish to get into the action themselves, they would be well advised to start small by building a portfolio over a period of time. If one wishes to get rick quickly, the stock market is not an option. The best way to start is to first ignore all unsolicited tips and find good companies or mutual funds to invest in by spending some time researching and learning about track records of companies. Day trading is an absolute no-no for the uninitiated. Do not let the banner headlines of Nifty and Sensex hitting fresh highs get to your head. You are more likely to lose money if you rush into investing now.