INSUBCONTINENT EXCLUSIVE:
NEW DELHI: ILFS, NBFCs and now fake news on Whatsapp is play ing havoc with your money on Dalal Street.
September’s trading month was as
unsettling as a roller-coaster ride, sending giddy waves every time you thought handsome stocks were coming cheap
And that kind of induced a ‘nothing-good-can-happen-to-this-market’ kind of fear.
The Sensex and Nifty this month registered their
biggest monthly point-wise declines since October 2008
The BSE Sensex lost over 2,400 points, while Nifty shed some 700 points.
Amid all this, Twitter was abuzz with stock tips, investment ideas,
bits of advice and tough questions for those authoritative market voices.
Where to investDalal Street mavens in their tweets made a strong
case for staying put, and not giving into the selling pressure that has
engulfed the market
They are recommending investors to buy stocks with a long-term view, as they feel most stocks are now available at cheap prices
They are also advising mutual fund investors to stick to their SIPs.
Look, who all are asking you to invest in NBFCs:1
Sandip Sabharwal, Investment Advisor, Asksandipsabharwal.com3
Nirmal Jain, Founder Chairman, IIFL Group4
Samir Arora, Founder Fund Manager, Helios Capital believes the good NBFCs will surviveAnd then, there were other investment ideas and
Sandip Sabharwal on auto SIPsInvesting lessons:Moving away from the direct stock and sector-based investor tips, these investors had some
investing lessons to share
And what better time to put them to use then now
Here’s how the thoughtful Shyam Shekhar, founder of iThought, shared his wisdom:Safir
Anand reminds you of the mantra that should be the investor’s Holy Grail, right now: Rich get richer by buying cheap!
From Singapore,
Helios Capital’s Samir Arora shared this insight on how to use this slump to build your portfolio:
The gist: What resonates through all of
these tips is this: Rome was not built in a day
It takes time to build something great and long-term is the way to think
How to improveIf market is all about returns and wealth creation, how can you think of making money if the market is riddled with so many
governance, solvency and adverse macro-economic issues
First and foremost, the ILFS problem
Many have called it India’s Lehman moment, as the company has gone on leveraging without caring to look back.
Look how big names on Dalal
Street diagnosed the ILFS woes:
1
Nilesh Shah says the percentage decline in equities hasn’t been as bad as during the Lehman Crisis, and therefore, the situation isn’t
as grim as it has been painted.
2
Sandip Sabharwal is of the view that what’s plaguing ILFS is not a solvency issue, but liquidity issue and the solution is to pump in
Agreed
And then, there are others prescribing possible panacea to turn the tide in the market.
1
Samir Arora’s solution for turn around the market fall -- take back the LTCG.
2
Shankar Sharma has been introspective
He says the macro issues that were a headache for India some 25 years ago are the same even now
Are we not learning from our mistakes
Next Week’s Events:The major ‘predictable’ event on Dalal Street next week will be RBI’s
While most feel a third rate hike is like a foregone conclusion to stem the rupee’s decline, Sabharwal has a contrarian view:
All’s well
that ends well!Yes, this month was one of the worst for Indian equities, but probably this Samir Arora tweet can put a smile on your
face:
Happy weekend! Until next week…
