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Nifty Navigates Turbulence
Nifty Dips as Global Uncertainties Stir, Gold Glitters Amidst Economic Speculation
12 April 2024 · Friday
Good evening, WeekendInvestor !
Has US done better than India?
The chart comparing Sensex to the S&P 500 over 45 years sheds light on a common misconception in the market. Many believe that the Indian market hasn’t performed as well as its US counterpart, leading to assumptions that investing in marquee US stocks like Google, Apple, or Amazon would have been more lucrative. However, a closer examination reveals a different story.
On an index-to-index basis, the S&P 500 has indeed seen impressive growth, up by 4800% over the past four and a half decades. Meanwhile, the Sensex has recorded a substantial gain of nearly 6000%, showcasing its resilience and potential.
Rather than dwelling on missed chances, the focus should shift towards identifying new opportunities within the Indian market. . . . . .
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Is the EV move dead ?
The rise and fall of Tesla stock serve as a prime example of market volatility and the risks associated with investment trends. In 2021, Tesla experienced a meteoric rise, soaring from around twenty dollars to a staggering four hundred twenty-one dollars, representing a twenty-onefold increase. However, as the excitement waned, the stock began to normalize, leaving many investors in a loss.
Investors who jumped on the Tesla bandwagon after its monumental surge now . . . .
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WeekendInvesting Daily Bytes
Today marked a significant shift as the market finally yielded to downward pressures, with the Nifty index declining by about 1%. This downturn revisits the breakout level from April 8th, potentially testing its strength. Should the market rebound from this point, it would confirm a successful retest and retracement; however, a continued decline would signal a failed breakout, necessitating anticipation for a new pattern or breakout opportunity.
The current sell-off is largely attributed to
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