My Intro
Hello everyone,
I came to know about this incredible site to discuss and post views about finances around the world. Thanks to my brother @amr008 for introducing me here.
Things I will be posting about
- Indian stock market
- Stocks I own
- Investment plan (long term/ short term)
- Fundamentals of a company
Today's Topic - Nifty 50 January
Last One year
Last few months we have seen an incredible rally in the stock market all over the world and Indian market is not an exception to this.
Even though the world was hit by the worst pandemic of the century, stock market dint deter from the lows of March and rallied up to twice the values from lows of March-April.
This pandemic crash has attracted a lot of foreign and domestic institutional investor (FII/DII) as well as retail investor to the market who have been active part in driving the market to the levels it is today.
Start of 2021
The start of new year gave new hopes to the market and pushed the market very close to 14750 on Nifty and the Sensex hit the milestone of 50000 for the first time in history, even though the levels dint hold for long.
Due to the hype created for the upcoming Budget on February 1st, there has been a lot of speculation in the market, which has partially led to the profit booking in the market by both FII and DII, which has in turn washed out all the January gains and has led to some correction in the market.
What to look forward to?
The budget is the highlight for the next week and it would be interesting to see the hot topics of the budget and how it would influence the investment in the market.
Will the market rally continue after this short dip or will the budget create a bear hailstorm?