Bulls and bears are slowly replacing the cute pigs that once used to adorn the bookshelves of teenagers, with many now aiming high at the stock market. Take the case of Krishna Harsh, who was just 19-years-old when he started investing her pocket money in stocks. After one year, the final year engineering student today is the owner of a handsome stock portfolio.
“My father used to invest in shares, and that’s how I was introduced to the stock market. Last year, since we all were at home, I started learning about the nuances of the market and invested the money I got from my parents and relatives on I invested my pocket money too in the stock market,” says Harsh. The stock market is thus replacing the piggy bank for several millennials, who are investing small amounts in various stocks and shares. A working professional, Vivek Singh, who started investing in mutual funds a few years back, subsequently started putting regular money in shares. Vivek says the tables have turned, and the new generation is willing to take a few calculated risks.
“I grew up learning there is no better investment than putting your extra money in a fixed deposit account. But now, so many people are looking at investing in shares, mutual funds and sips. There is information available online about each company, which helps investors. For those who do thorough research before investing, the stock market is a good place to put money,” says Vivek.
Tabitha, a first-year medical student in the city, says she initially relied on her parents for guidance, but now she does her own research about the company before buying shares. My parents still guide me, but I do my own research too,” she adds. They are aware of how to build a good investment portfolio. “I am consciously looking at diversifying my portfolio, with stocks from various kinds of industries. Having observed the market for a substantial amount of time, I understand that the value of a share can go down for certain reasons. However, if an investor diversifies his/her money, the other shares will compensate for the loss if anyone share falls,” shares Tabitha. As the number of investors has grown over the period of time, many developers have come forward with apps to make trading more convenient. Sarah Kumar, a small trader from the city, informs that these apps have made investing very easy.
Senses, Nifty firm up gains in early trade; financial stocks shine
Equity benchmarks Senses and Nifty continued their upward journey in the opening session on Wednesday, propped up by significant gains in financial stocks.
Of the Senses constituents, 25 traded in the green.
On Tuesday, the Senses had rallied 447.05 points or 0.90 per cent, and the Nifty had jumped 157.55 points or 1.07 per cent, extending gains for the second day in
Foreign investors bought equities worth a net Rs 2,223.16 crore in Indian capital markets on Tuesday, exchange data showed.
Elsewhere in Asia on Wednesday, stocks were trading higher in afternoon deals despite an overnight retreat on Wall Street.
Meanwhile, Brent Futures rose 0.64 per cent to trade at 63.02 per barrel.
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