Latest Stock Market News

The country’s conglomerates have not only gained heft in the market but have also created wealth for shareholders big time.

These are some of the questions that come up on a WhatsApp group called ‘Financial Info’ created by a bunch of over 20-year-olds to discuss investments. Here profit-&-loss screenshots and links to news articles are shared apart from memes celebrating ITC stock rallies or back-to-back opportunities to buy-on-dips (market correction).

Most major asset management companies offer mutual funds that invest in stocks listed abroad, including through fund of funds (FoF), exchange-traded fund (ETF) structures. Investing in foreign companies like Amazon and Alibaba through mutual funds turns out to be cheaper than buying their stocks directly for Indian investors.

I think this week has been spectacularly positive for the index right from the word go. Some of the real estate stocks and many of the other underperforming stocks like IndoStar, Vodafone-Idea, etc have made a phenomenal comeback. Adding to that the already performing stocks and sectors like the Nifty IT index have done fabulously well.

Retail investors should diversify to other asset classes. Saving is not a one-horse play.

The market, i.e., frontline indices like Nifty, may now see some consolidation, though select pockets still have some more steam left in them. The coming week will see the 17,900 and 18,030 levels play out as key resistance points for Nifty, while supports may come in at the 17,760 and 17,600 levels.

While China has been putting in place increasingly stricter rules on virtual currencies, it has now made all activities related to them illegal and sent a signal of intent they plan to get even tougher on enforcing the rules.

There is no substitute for experience in investing. Plus, while patience is key, one needs to be aggressive when the time is right in order to swing it big. Those are the tips for investing success from the ‘Super Mario’ of Wall Street. The legendary investor, Mario Gabelli, says patience and experience are the two most important qualities that make a great investor.

Wood, who has said that bitcoin will rally to $500,000, has slightly more than $1 billion invested in cryptocurrency trading firm Coinbase Global Inc, a position that makes up approximately 4.7% of her $21.7 billion fund. Shares of Coinbase fell more than 1.5% on Friday after Chinese regulators announced a blanket ban.

New investors, however, should ideally not put all their investible funds in the market in one shot. They would be better off if they invest in a staggered manner over the next six months to a year by slicing their whole fund into several small chunks, financial advisers said.