Synopsis
Money manager Kalpen Parekh shared a strategy to beat Nifty, while smallcap hunter Porinju Veliyath revealed his favourite sector following the Budget announcements.
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In this edition of Tweet Buster, we scan the social media platform for market gyan, investing strategies and stock recos to help you make the most of this post-Budget bull run.
NEW DELHI: You may argue whether the Budget indeed turned out to be a never seen before one or not, but Nirmala Sitharaman s ideas have undoubtedly made the stock market go to never-seen-before heights. As portfolios have started swelling, Twitter is flooded with
The last leg of the journey to 50,000 was pretty fast. How much faster are we going to move after reaching this particular milestone?
It is definitely a wonderful milestone. I used to think that this is more of a symbol. How does any kind of level really matter? But at times like these, making a lot of noise makes sense so that people will become aware of equities. It is sad that despite the kind of wealth creation that has happened in equities, not many people have benefited from it. There has to be greater participation from the people at large in India so that they can benefit from one of the largest passions of capitalism, where you can make your money work for you and gain financial freedom.
Synopsis
Alok Jain of Weekend Investing had his fanboy moment when he found out that the popular stand-up comedian Tanmay Bhat had subscribed to his basket of momentum investing stocks in fintech platform smallcase.
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Comedian Tanmay Bhat has subscribed to NNF10 portfolio, a basket of 10 Nifty Next 50 stocks rebalanced monthly using the momentum theory.
NEW DELHI: Even as equity benchmarks Sensex and Nifty continued to scale new peaks last week, the real action was playing out in the backyard of smallcaps and midcaps. BSE Smallcap index gained almost double than Sensex s 1.9 per cent rise during the week, while the BSE Midcap index shot up by 5.3 per cent in just 5 sessions.
ValueQuest Investment Advisors
What is the right way of looking at markets because for 2020 the Nifty return for the entire was about 10% but if I count what markets did from the March’s low of 7,500 to 15,000, it has been a return of almost 100%!
What a year it has been. It has been packed with lessons that are not easy to forget. We are lucky to be still living and thriving in these unfortunate times. So touch wood! But God willing, things will turn out better. Coming back to your question, around March, I had tweeted that this is the point of maximum pessimism. Not many people understand the importance of that. Essentially what it means is that from that point on, a new bull market is going to be born.
Ravi Dharamshi, CIO, ValueQuest Investment Advisors on the first day of 2021 spoke to ET Now where he said that March 2020 was a point of extreme pessimism and the reversal from there is looking like a start of a new bull run especially in the broader market space which was underperforming since 2018 or ILFS crisis. He also added that markets from the lows of March 2020 and that s why in the near terms it can be volatile, but if the view is to invest for the long run then the direction of the market is looking upwards even after the rally.
Talking about Pharma, he said that Covid crisis just acted as a catalyst for the Pharma stocks to re-rate but the Indian Pharma companies have growth opportunity much beyond the Covid Crisis.