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NEW DELHI: The bulls made merry on Dalal Street during the week gone by, following US Fed’s decision to hold rates and the Interim Budget that offered big bonanza to farmers and the middle class.
Equity benchmarks Sensex and Nifty ended over a per cent higher for the week.
Besides the Interim Budget, there was a lot of stock-specific action: Cobrapost’s allegations led to a crash in the shares of DHFL, weak earnings and Chanda Kochhar controversy dogged ICICI Bank and a third quarter numbers swayed a number of other stocks.
With so much going on, Twitter was expected abuzz.
Here is what caught the fancy of the twitteretti on D-Street.
Aashish P Somaiya of Motilal Oswal had a very short but sharp comment on the Union Budget.
And this does not need any decoding:
Sandip Sabharwal, too, hailed the Budget, calling it pro-growth, and advised people to shun the views of armchair economists.
One of the talking points of this year’s Budget was the income-tax rebate for up to Rs 5 lakh.
Sabharwal had an interesting statistics to share: Inflation is the biggest tax, says he.
Moving on from Budget, here are the latest investment ideas that D-Street mavens were discussing on Twitter.
ICICI Bank:Auto stocks:YES Bank:Bullion:One solid tip:The market was on the edge on Tuesday, in anticipation of where Cobrapost has found the dirt.
Once DHFL’s name popped out, ‘Mr Funny Bones’ Samir Arora had a tongue-in-cheek comment to share.
Shankar Sharma was active too.
This time, he shared an interesting piece of wisdom that is bound to make you sit up and take note.
He says bear markets are good.
And here’s why!
