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In an interview two years ago, the “Big Bull” had said that on his last day, he wanted to do some trading, investing and have two drinks before God took him away.

Some of the best traders in the market are wrong more often than they are right. For example, the trend following traders who make big money when the market is trending is right less than four times out of 10. Show this record to any new trader and they would not like to learn such strategies.

Flamboyant and well-networked, the ‘Oracle of Dalal Street’ was close friends with another veteran investor Radhakishan Damani. Together, they were known as the ‘Jai and Veeru’ of Dalal Street. While fully respecting each other’s viewpoints, the two best friends would often take contrasting calls during their earlier trading days.

Gold’s four weekly rally shows bullish sentiment however it has come on the back of five weeks of consecutive losses. The sharp and mixed movement reflects lack of confidence in the market.Gold edged up last week as part of a rally seen across commodities and equities. Market players shun the safety of the US dollar and moved to riskier assets amid increasing debate about Fed’s monetary policy

Sharma said Rakesh and he have fought publicly because of having different views, but yet they were good friends. In a difficult profession, one can disagree on views and yet be great friends, he said."That is the real mark of friendship and of your maturity as a human being that the views are all subjective and are very personal but your friendships

"In the coming week participants will first react to the macroeconomic data viz. IIP and CPI in early trade on Tuesday. Going ahead, with the earnings season in its last leg, the performance of global markets will be the focus for cues," he added.

The late trader-cum-investor had been emphasising on how the domestic flows are going to increase in the market. “Here was a voice that would come and give solace during challenging times. You need someone who can give you the confidence to stay invested. Hats off to him. He was the pillar of growth of the equity cult in India, along with a few others,” he said.

Between October 2021 till June 2022, FPIs sold Rs 2.46 lakh crore in the India equity markets.Going forward, foreign fund inflow is expected to improve in the emerging markets on account of fading concerns of rising inflation and tightening of monetary policy by central banks, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said.

“Financial freedom has to be measurable, it cannot be subjective. Decide your expense and your income. What is your ratio, how much are you earning and how much are you ready to invest because the difference in income minus expense is what is your investible surplus is. So, ascertain and try to expand that.”

Fondly referred to as the Big Bull, the ace investor had been making his mark on Dalal Street since 1985 when the BSE Sensex was ruling at the 150 level. Starting his career with just Rs 5,000, Jhunjhunwala was worth $5.8 billion, as per Forbes.