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NEW DELHI: That’s what stock markets are all about.
The week gone by was one where all expectations went for a toss and you went home promising yourself never to assume things.
As stocks of NBFCs came crashing down like a pack of cards and the Sensex collapsed some 1,000 points in a matter of seconds, the mayhem left everyone dazed.
This happened when Asian shares were perched higher and the rupee was on its recovery path, which made investors and traders sit easy, hoping for the bulls to return.
Investor Safir Anand best summed up the mood in this tweet.
And then, this!
From Singapore, Samir Arora, founder and fund manager of Helios Capital, called the market's sudden plunge a stupidity!
Arora also had an interesting pitch to make, for a ‘rumour index’.
Reasonable idea Tell me, you don’t agree.
Shyam Shekar, founder of iThought, made a point, saying tweeting in the aftermath is easy, but spotting the early trend is what can be termed ‘real investment’.
As is the wont of markets, someone's pain was obviously the gain for someone else.
However, an interesting bit of information that crept in was that amid all the volatility, DIIs and FIIs didn't shun stocks but were rather taking every advantage of the crash to stock up on Friday.
Safir Anand has some sector-wise recommendations and a solid piece of advice for the investors.
Take a look!
To sign off, here is a selection of what Shyam Sekhar tweeted through the week, with some interesting food for thought for investors, especially those who want to stick to the stock market for the long haul.
