GoalTeller

October 27, 2024

Chart of the Week: Big Losers from the Recent Market Fall

As the market experiences a significant correction, several stocks have taken a hit from their recent highs. This week, we highlight some notable under performers: Shipping Corporation I Vodafone I Spandana Sphoorthy I Cochin Shipyard I Titagarh Rail

Do watch out for our Deepawali Yearbook for a lot of such analytics and outlook for the next Samvat.

October 27, 2024 | Read Online

Recap and Market Outlook

Finally the much-awaited market correction is here – Nifty while down only around 2% saw small and mid-caps down by 5-6%.
The Nasdaq touched all-time highs on the back of good earnings especially from Tesla which soared high.
US elections seem to be currently pricing in a Trump Victory, however it's anyone’s guess - A Trump victory could be in the short term negative for markets but very positive in the medium term as geopolitical escalations could reduce substantially (Stocks susceptive to US exports could be impacted negatively due to Trump’s Make in America policy).
We keep getting multiple queries on how to invest in these markets – check our question of the week below where I answer this much-asked question.
Watch out for our Annual Diwali Yearbook to be mailed on Tuesday morning (Some very interesting analytics, our views for the next Samvat and maybe some stock and sectoral picks also)

Question of the Week: How do I invest in these markets?

A. Please start an STP in some selected funds for a 3 month period (weekly) some funds I like are mentioned below, though other funds can also be chosen. However, if the markets fall in this period, for every 5% fall you can make a lump sum investment from the liquid funds earmarked for STP (Refer to the table). As and if Nifty falls further, you can continue to deploy money aggressively, and by 22,000 levels if at all that level is achieved one can be fully deployed. However there is no reason to believe markets can't fall further due to a big cascading/domino effect that could come into play due to 1) New Investors panicking who haven’t seen such a market fall ever, 2) Margin pressures, 3) Rise of personal loans (Which I had highlighted last month) for equity investments which could lead to panic selling

Interesting and Insightful Reads

Here are some handpicked articles that caught our attention this week:

Xi Jinping’s Efforts to Revitalise China's Unicorns
Read more on The Economist
Why Every Investor Should Hold Gold
Read the article on Acquirers Multiple
Thoughts on Nostalgia by Morgan Housel
Read more on Collab Fund

Find of the Week: Otio.ai

This week’s discovery is Otio.ai, an intriguing tool that leverages AI to simplify time management and productivity. It's gaining attention as an efficient solution for professionals looking to optimise their workflows. Definitely worth exploring!