oppn parties Stock Markets: Highly Volatile

News Snippets

  • The Indian envoy in Bangladesh was summoned by the country's government over the breach in the Bangladesh mission in Agartala
  • Bank account to soon have 4 nominees each
  • TMC and SP stayed away from the INDIA bloc protest over the Adani issue in the Lok Sabha
  • Delhi HC stops the police from arresting Nadeem Khan over a viral video which the police claimed promoted 'enmity'. Court says 'India's harmony not so fragile'
  • Trafiksol asked to refund IPO money by Sebi on account of alleged fraud
  • Re goes down to 84.76 against the USD but ends flat after RBI intervenes
  • Sin goods like tobacco, cigarettes and soft drinks likely to face 35% GST in the post-compensation cess era
  • Bank credit growth slows to 11% (20.6% last year) with retail oans also showing a slowdown
  • Stock markets continue their winning streak on Tuesday: Sensex jumps 597 points to 80845 and Nifty gains 181 points to 24457
  • Asian junior hockey: Defending champions India enter the finals by beating Malaysia 3-1, to play Pakistan for the title
  • Chess World title match: Ding Liren salvages a sraw in the 7th game which he almost lost
  • Experts speculate whether Ding Liren wants the world title match against D Gukesh to go into tie-break after he let off Gukesh easily in the 5th game
  • Tata Memorial Hospital and AIIMS have severely criticized former cricketer and Congress leader Navjot Singh Sidhu for claiming that his wife fought back cancer with home remedies like haldi, garlic and neem. The hospitals warned the public for not going for such unproven remedies and not delaying treatment as it could prove fatal
  • 3 persons died and scores of policemen wer injured when a survey of a mosque in Sambhal near Bareilly in UP turned violent
  • Bangladesh to review power pacts with Indian companies, including those of the Adani group
Devendra Fadnavis to be the next chief minister of Maharashtra after Eknath Shinde agrees to join the government as deputy CM
oppn parties
Stock Markets: Highly Volatile

By Ashwini Agarwal
First publised on 2022-02-15 11:23:09

The volatility in the stock markets reached the peak on Monday and Tuesday this week. On Monday, stock markets crashed to a 10-month low as investors jittery over the worsening border situation in Ukraine and the imminent hardening of interest rates in the US sold on a huge scale to bring down the Sensex by 1745 points. Investor wealth close to Rs 13 lakh crore was wiped out in a single day. But what happened on Tuesday was the total opposite. Sensex jumped by 1736 points to recoup most of the losses (although individual shares might have lagged). Buyers returned with a vengeance as reports confirmed that some Russian troops had started leaving border posts to return to the barracks. Some equities were also found to be lucrative at lower levels post the Monday slide. Further, reports of India signing a free trade agreement with the UAE also improved sentiment.

But this kind of volatility is injurious for the ordinary investors who get confused by the daily flip-flop. They cannot build a strategy and a solid portfolio. It is the informed and full-time day traders and big market operators who benefit in such a volatile market. Since global cues are not favourable and changing rapidly daily, small investors will be well advised to do a careful research before making investments. Even most of the recent IPOs have slid down close to their issue price, with Paytm sliding to less than half the issue price. Such a market scenario is not for the casual investor as he or she is more likely to lose money. They should wait till the markets become stable.