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Saturday, December 30, 2023

Investment in shares - Bird nosediving !

 

Have you ventured ever into Stock market – the world of Finance geeks ! 

As the year draws to a close, most would be calculating gains in their portfolio.  Domestic equity markets will function as usual on Monday, January 1 2024  even as many global markets will be closed on New Year's Day. There will be no trading in the US, or most of the European and Asian markets on January 1.  

The Sensex and Nifty after a consecutive five-day rally though snapped their winning spree on Friday, ending 0.23% and 0.22% lower on the last day of the year, however they have ended 2023 on a stellar note. The Benchmark indices Sensex and Nifty have gained around 18.74% and 20.03% during  2023. The market continued their winning spree for 8th straight year ending in gains.  Sensex and Nifty have delivered high teen returns in the year 2023, which was marked by monetary tightening and high inflation.  

All the above is financial news for experts – for many a small time investors – most times whenever they see their portfolio, it is ‘nose-diving’ just as this bird 



Happy investing for those with surplus funds – for those close to retirement or retired – put your money in hundi, count it daily and be happy !! 

We laugh at serious things which we should be thinking and think deep on comedy.
 
With regards – S Sampathkumar
30.12.2023

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