The current market downturn has shaken investor confidence, particularly among those who entered the equity markets during and after the corona virus-triggered pandemic

The Indian equity market has started 2025 on a challenging note, reminiscent of the turbulent final quarter of 2024

As the Indian stock market reopened on January 6 after the holiday season, it was greeted with unexpected turbulence.

As we step into 2025, the Indian equity market stands at a critical juncture.

Equity markets often have an uncanny ability to baffle even the most experienced investors.

With Donald Trump now all set to take over the presidency of the United States of America

In the past month and a half, the Indian equity market has experienced a significant decline, with major frontline indices dropping around 8 per cent and the broader market indices falling even further.

The recent decline in the Indian equity market has been a jolt for many investors, and understandably

The Indian equity market has experienced a sharp decline in recent weeks, particularly during the last week of September and the first week of October.

Since the beginning of FY 2021, the market capitalisation of companies listed on the BSE has surged by approximately Rs 260 lakh crore.

After withdrawing billions of dollars from Indian equities year-to-date, foreign institutional investors (FIIs) have made a remarkable comeback in September

The Indian equity market achieved a significant milestone last week when Nifty 50 extended its winning streak to 14 consecutive trading days, the longest in its history.

The market has quickly rebounded from its recent downturn, with the BSE market capitalisation surging by ₹16.6 lakh crore

The Indian equity market smooth ride came to an abrupt halt in the first week of August. Frontline index Nifty 50 lost 1,000 points in a matter of three trading days.

As we were approaching the Union Budget 2024, most of us were filled with anxiety over potential new regulations that could impact the equity and derivatives markets.

Welcome back, esteemed readers, to another issue of navigating the overcharged equity market.

The Indian equity market has navigated well through the Union general elections, despite an unexpected outcome from an equity market standpoint.

The much-anticipated general election has concluded, and the results have led to a unique situation where both sides see themselves as winners.

Last week, both the frontline equity indices reached new lifetime highs, a milestone that dominated headlines on business news channels and in financial newspapers.

In last couple of weeks, we are seeing sudden divergence in the performance between world equity markets and the Indian equity market.

The onset of this fiscal year witnessed a continuation of the bullish momentum seen in the Indian equity market last year.

The equity market experienced a significant downturn last week, following a surge in frontline indices to all-time highs. Several factors contributed to this heightened volatility.

The Indian equity market is currently thriving, reaching all-time highs despite recent bouts of volatility. However, many investors find that their portfolios do not reflect this success.
Besides investment,

The wave of recent market fluctuations has been such that it can leave even the most experienced investors feeling a bit unsettled.

The Indian equity market continues its remarkable ascent, starting the month with substantial gains and once again reaching its all-time high.

As many as 38 years! That's a remarkable journey for any publication, even more so for one navigating the ever-evolving landscape of investment opportunities in India.

Strong governance fosters confidence, attracts capital, mitigates risks, and ultimately leads to sustainable growth.

As we move ahead into 2024, the spectre of 'leap year volatility' looms over the financial landscape.

As we unfurl the curtains down on the year 2023, in retrospect I would never have expected the year to end with such returns for equity investors.

We are in the throes of witnessing a historic moment in the Indian stock market. Both Sensex and Nifty 50 have reached unprecedented highs,

The equity market saw a big jump in the month of November with frontline indices gaining more than 4 per cent.

The frontline equity indices in India have receded by nearly 4 per cent since reaching their lifetime high in mid-September. Despite this decline,

The recent conflict between Israel and Hamas is undoubtedly a source of sadness for many.

The frontline equity indices in India have moved up by almost 1 per cent since the start of the Israel-Gaza conflict.

The once-smooth ride of the Indian equity market is now showing signs of turbulence.

The journey of India's Nifty 50, the flagship equity index, has indeed been an extraordinary one.

Even after 77 years of gaining independence, our nation's economic fortunes remain intricately intertwined with the capriciousness of the monsoon.

After experiencing a remarkable upward trajectory in the equity market over the past four and a half months, most of us are undoubtedly celebrating the substantial surge in our portfolio values.

Globally, the equity markets displayed increased volatility in the past week and this trend was also evident in India.

For those not familiar with the story, Goldilocks and the Three Bears is a 19th century English fairytale of which three versions exist, one of which is that of a young woman called Goldilocks who enters the forest home of three bears.

On June 28, after a gap of almost seven months, the Indian frontline equity indices once again touched their lifetime high and in doing so became the only major equity market to cross its earlier high.

Following a lacklustre FY23, the initial months of the new financial year have presented an encouraging outlook for the broader market.

Investment styles often mirror our individual personalities, akin to choosing our fashion sense.

Great things often start small, and the equity market is no exception. In 1981,

The adage of sell in May and go away might not hold true this year for the Indian equity market.

After enduring almost 18 months of turbulent markets and concerns sparked by the recent banking crisis in the US and Europe, investors finally heaved a sigh of relief in the month of April.

Those of you having portfolios tilted towards small-cap and mid-cap stocks would be witnessing a sharp reversal in their performance over the past few days.

Just as the global economic scenario seemed to be returning to normal in the wake of the receding scare of the pandemic, March 2023 decided to give things a bit of shake, rattle and roll.

Those of you who have been tracking the equity market for a decade and a half might be getting a sense of déjà vu.

The month of March has started on a very good note for the Indian equity market. After three months of continuous negative returns, we have seen positive return in the first five trading days of this month.

An anniversary issue holds a special moment for any publication, and it also gives an opportunity to share the journey of the publication with readers. When your magazine was first published in the year 1986, it was an era of very less information if not complete darkness when it came to stock selection and investment.

There were some important market events lined up last fortnight that should have shaped the equity market movement for days ahead.

December 2022 certainly did not turn out to be a charming one for investors.

With an intense cold wave sweeping across most parts of the country, the equity market too seems to be shivering under its spell.

As we start a fresh year, it gives us an opportunity to reflect on the year that was and draw important lessons from it. 

Last week most of us breathed a sigh of relief as the much-awaited news on the macroeconomic front indicated that retail inflation, measured by CPI, had finally eased to an 11-month low! CPI inflation for November fell to 5.9 percent, primarily led by easing of food prices.

What a joyous moment it is for us at DSIJ right now! So much so that even the indices appear to be in a celebratory mood. And what’s the reason? Well, this is our 1,000th edition! A big number, indeed! It has taken us an eventful 37 years to reach this milestone, which hardly any other magazine can boast about.

The equity fever amongst investors in India is near its all-time high and trust me it’s contagious – the equity culture. Go to any town or any city and it is difficult to miss equity discussion with the BSE Sensex managing to close at all-time high levels on a closing basis.

October was a great month not just because of the Diwali festivities or the BSE Sensex climbing more than 7 per cent but more so because of foreign institutional investors (FIIs) returning to the Indian markets.

A lot has happened since last Diwali that has led to the underperformance of the equity market globally. In fact, the equity market is yet to touch the level that we traded at last Diwali. The uncertain characteristics of the economy were misread by even the battery of experts from Ivy League.

“The dollar is our currency, but it’s your problem.” This was the statement made by US Treasury Secretary John Connally in late 1971 at the G-10 Rome meetings. Even after 50 years when it was uttered first, the statement seems to be true more than ever.

The Indian equity market has outperformed major equity markets globally and is near its 52-week high. The quantum of foreign funds flowing into the Indian markets tells us how the world views India as an oasis in the global markets.

While the global market continues to suffer, the Indian market appears to be the only ray of hope for global investors. The BSE Sensex is holding ground with marginal gains on YTD basis while Dow Jones Industrial Average is down by more than 13 per cent.

Major global central banks except for China, and especially the US Federal Reserve, are still on a war against inflation. It has become a credibility issue for the US Federal Reserve now as a battery of experts with their sophisticated models failed miserably to read the inflation monster earlier.

Among all the negative news globally, the frontline indices of Indian equity market are up by almost 16 per cent from their recent lows attained in the mid of June. Most of you would be wondering if the current momentum in the market marks the end of correction that started last year in the month of October or are investors being suckered by a bear market rally?

Inflation has been the single most dominant factor for the current weakness in the equity market globally, including India. We have seen inflation exceeding in many economies beyond the tolerance level of central banks for some time now.

It is our job here at Dalal Street Investment Journal to analyse various factors that impact the financial markets.

There is only one cardinal principal in the equity market that helps you to make money. You buy low and sell high.

The domestic equity market fell last week on the back of higher than predicted inflation numbers in the US for May 2022

Based on the experience of the last couple of years, countries as well as businesses are taking a fresh look at the way they interact globally.

The BSE Sensex is down by more than 8 per cent on YTD basis in 2022 so far while it is down by more than 11 per cent from the highs of 2022.

The equity markets continue to stay volatile, and it is no time for the bulls to relax.

Yet again the market has given way and the Sensex has floated around the level of 56,000. Since August 2021 when the market.

As mentioned in my last editorial, the market had already priced in factors such as higher crude oil, above average raw material prices, disruption in supply chain and the geopolitical situation but when a positive trigger like the news of HDFC and HDFC Bank merger surfaced, the market jumped up phenomenally.

nvestors with investible money are in a Catch 22 situation.

While the last few months have passed by with discussions about how the market rise will tend to slow down or stall owing to tapering, high inflation rate or the new corona virus variants, no one would have expected the Ukraine-Russia war jolt that has shaken the foundation of the market with the index correcting near about 17 per cent from its highs.

It is an emotional moment for us and a historical one as well as we celebrate the 36th anniversary of the most coveted and popular investment magazine India has ever seen.

The market is trading within a broad range and neither giving a clear advantage to the bulls nor the bears.

It just took six sessions of a fall of the Sensex starting January 17 for doubts to resurface in the minds of the investor about whether 2022 is going to be a green year for the markets or not.

For every session the market gains ground, I get feelers from investors about how they are expecting a correction.

First and foremost, here is wishing you all my readers a very Happy New Year filled with health, wealth and happiness. The year-end is always a special moment for the investors as most tend to evaluate their individual portfolio performance and look out for market reports to identify the best opportunities for the upcoming year.

As FIIs continue to sell their holdings in the Indian markets and Omicron makes headlines, the equity markets remain on shaky grounds. Meanwhile

In the previous editorials our cautious tone and advice to book profits might have looked out of sync when the markets just appeared to keep going up day after day.

There are times when one needs to be bullish i.e. go all in on the markets and then there are times when one simply needs to stay away from the markets.

At the outset, let me take this opportunity to wish you and your near and dear ones a very Happy Diwali and a prosperous new year.

The Indian markets’ performance has been so impressive that investors have forgotten what a market correction looks like, forget talking about a market crash. On an YTD basis, the BSE Sensex is up by about 30 per cent while NASDAQ is up by 16.55 per cent and Dow Jones Industrial Average has gained by 15.20 per cent.

Often enough, bull markets are characterised by a few sectors participating and pushing the stock prices higher. However, seldom will you find all the sectors participating at the same time.

The recent sell-off in the global markets did push the S&P BSE Sensex down but only by a per cent or so.

The equity market's Herculean performance is unnerving even the best of the bulls.

The Indian markets are once again touching new highs and are amongst the world's best performers! FPIs have been net buyers in August after being net sellers in July.

A point to note is that the broader markets have been underperforming the large-caps recently. To get a deeper perspective, if we observe the performance of the 690+ constituents of the BSE Small-Cap index in the past one week, as many as 525 out of the 696 index constituents are trading with negative returns.

Time and again a wave of euphoria picks up the market when it has slid a few hundred points.

The markets are on a roll. Small-caps and mid-caps are outperforming along with real estate stocks.

As per the data available for 2021, the month of June not only witnessed the maximum number of stocks hitting their fresh 52-week highs but also a huge number of stocks hitting their respective lower circuits.

The markets are at a lifetime high and from what I understand, barring Vietnam Stock Index, Nifty and Sensex have been world-beating indices in the year gone by.

It is time to celebrate since frontline indices have hit all-time highs while stocks from different sectors have shone brightly with outstanding performances.

As of now, with the Sensex climbing back to the 50,000 level, many would be wondering if the markets operate in a different hemisphere oblivious to the ground realities in India.

What we are witnessing in the markets right now is a classic tussle between bulls and bears where bears are banking on the rising number of corona virus cases and the fear of lockdown to build confidence while the bulls are focusing on the Q4 results and international markets to build their case.

As anticipated, the market is undergoing a correction owing to rising corona virus cases and the expected economic slowdown led by multiple lockdowns in the country.