Fears of a slowing economy escalated after data showed that wholesale inflation further slumped, suggesting lack of demand and pricing power. Finance Minister Nirmala Sitharaman added to concerns when she ruled out any quick rebound in the economy.
Amid concerns over growth slowdown and hopes of another rate cut by the Reserve Bank of India in December review, Dalal Street ended near flat for the week.
To help investors navigate this uncertain phase, top D-Street mavens doled out advice on Twitter.
Here’s sampling some of them:
Market expert Sandip Sabharwal believed that telcos’ pain may just be the beginning:
At this stage the Telecom companies have just provided for the AGR dues i..e Bharti Airtel & Vodafone-Idea If the… https://t.co/kudYS6oMMC
— sandip sabharwal (@sandipsabharwal) 1573805645000
Sabharwal also made a case for RBI rate cut
Core inflation is collapsing at a very fast rate in both CPI as well as WPI inflation. Reflecting that economy is… https://t.co/MeQERPLJL1
— sandip sabharwal (@sandipsabharwal) 1573715498000
Most companies in their conference calls are still circumspect about growth revival. Lets hope that the @RBI and… https://t.co/LEtvMmnjMz
— sandip sabharwal (@sandipsabharwal) 1573805812000
Here’s how he reacted to the state of Indian economy.
‘People from many industries are coming to us and saying they are out of distress’ – @nsitharaman Distress yes bu… https://t.co/qC4LCbBHMX
— sandip sabharwal (@sandipsabharwal) 1573968382000
India growth forecasts move down from 7.8% a few months back to 5% now. Making it the “Fastest Slowing Economy” @PMOIndia @nsitharaman
— sandip sabharwal (@sandipsabharwal) 1573881000000
Most companies in their quarterly results conference calls have indicated that liquidity stress in the system remai… https://t.co/u0a3k96XRL
— sandip sabharwal (@sandipsabharwal) 1573810258000
Amid market uncertainty, Nilesh Shah, MD at Kotak Mahindra Mutual Fund, highlighted why optimism is the key to success on Dalal Street.
Don’t give too much ” bhav” to “pessimists/ perma bears” One has to be optimistic to make money in the Market. https://t.co/Hn4mGmJFmM
— Nilesh Shah (@NileshShah68) 1573616709000
Shah in his tweets also favoured further rate cuts to boost the economy.
US Fed cut rates as an Insurance at the peak economic cycle. US Fed/ECB keeps surplus liquidity in banking system… https://t.co/6u3qXvWCVP
— Nilesh Shah (@NileshShah68) 1573612310000
Helios Capital’s founder Samir Arora was again at his witty best
It is very interesting to see every day on tv investors who otherwise invest with a 10 yr plus view.
— Samir Arora (@Iamsamirarora) 1573879907000
Analyst to wife: why are you crying? Wife: arre, our son was put in jail for murder yesterday and u are asking why… https://t.co/LHs06kmpaF
— Samir Arora (@Iamsamirarora) 1573784391000
Basant Maheshwari, Co-Founder and Partner, Basant Maheshwari Wealth Advisers, and Shyam Sekhar, founder, iThought, tweeted on bad and good stocks.
The leading stock of the bull market doesn’t care about your logic for why you didn’t buy it ! It just keeps going up.
— Basant Maheshwari (@BMTheEquityDesk) 1573799301000
If price is the final arbiter of right conviction, at some point in time, the worst stocks would have looked like a… https://t.co/3jeWE7ieMX
— Shyam Sekhar (@shyamsek) 1573910254000
At the end, here’s the weekly investment gyan from Arun Thukral, MD & CEO at Axis Securities.
It is your #Dharma to #research well before #investing and to #invest basis your #goals, #investment horizon and… https://t.co/ineTKc7xFZ
— Arun Thukral (@arun_thukral) 1573810087000
Fear of loss is a major barrier to healthy gains. #22TraitsOfInvestors #Abhinivesha #YogiOnDalalStreet… https://t.co/Hoactvtm0p
— Arun Thukral (@arun_thukral) 1573797035000
#Investing in #SIPs and buying on dips are two effective ways of beating #volatility and avoiding unpleasant scenar… https://t.co/h7ahxwCNji
— Arun Thukral (@arun_thukral) 1573728152000
Be wary of your emotions, as they can distract you from thinking rationally. #22TraitsOfInvestors #Raga… https://t.co/acoqPkjSUC
— Arun Thukral (@arun_thukral) 1573710427000
There is no shame in seeking expert advice backed by reputed institutions to validate your views. Stay humble & a… https://t.co/dmiJg7z5eI
— Arun Thukral (@arun_thukral) 1573644085000