A wave of YouTube influencers as well as a host of private stock-tipping social media chat groups have drawn millions of day traders into discount brokers.
Indian equity indices conquered new peaks Tuesday, as banking, FMCG and auto stocks saw heavy buying amid optimism over Covid vaccine progress and unabated foreign capital inflows.
The outperformance reflects the growing heft of rookie stock-pickers as new trading accounts are opening at an unprecedented pace since the pandemic started.
Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over Covid weighed on the local unit.
About 1.2 million new accounts were opened with the Central Depository Services (India) Ltd. in March and April, up from a combined 900,000 in January and February.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
COMMENTS