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When I was young, I wish somebody had told me about the common mistakes that investors often make. Reviewing the strategy is a potential chance to learn and grow by watching what has derailed our efforts. As we enter FY 23-24, it is a great time to make a resolution to avoid these common mistakes and stay aligned with our financial goals.

Indian stock markets will remain closed on April 4 and April 7 due to public holidays for Mahavir Jayanti and Good Friday. Moreover, the multi-commodity exchange too will be closed on April 4 till 5 pm and on April 7 for a full day. Last week markets ended FY23 on a strong note with nearly 2% growth, despite Nifty having a flat closing (-0.6%). The focus now remains on RBI’s policy meeting expected to take place later this week

benefiting immensely from this larger digitization trend. The sharp growth in services exports from Global Capability Centers (GCCs) is the case in point. GCCs are the captive units of multinationals set up in India to render research, professional, engineering and tech services.

The financial year 2023-24 comes with several regulatory changes affecting equity markets, mutual funds, and other schemes. The government has increased Securities Transaction Tax by 25% on futures and options contracts, which means an increase in STT on options and futures contracts. Income from debt mutual funds will now be classified as a short-term capital gain, which restricts LTCG benefits for investments beyond March 31, 2023.

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The market valuation of Reliance Industries zoomed Rs 86,317.26 crore to Rs 15,77,092.66 crore, the most among the top-10 firms.

Moreover, going ahead, FPIs may not turn aggressive sellers due to domestic factors like an impressive turnaround in current account deficit (CAD), which has improved substantially due to rising exports.

Five out of six new-age stocks that made their way to Dalal Street during the flourishing market period of 2021 have suffered double-digit cuts between 16-52% in financial year 2023, causing an erosion of Rs 84,742 crore in market cap. The lack of valuation comfort and a rising interest rate environment turned high-growth stocks into wealth destroyers. Nykaa suffered the maximum losses at 53%, trailed by Zomato, CarTrade Tech, Delhivery, and PB Fintech.

Nevertheless, Tara faced a new challenge of determining how to identify a trend. With a wise smile, Dev replied that there were several techniques to identify trends in the financial markets.

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