After a heavy fall last week, there was a tremendous jump in the Indian stock market on Friday. Nifty gained 1.57%, Sensex gained 1.53% and all sectoral indices closed on green note. Sensex and Nifty 50 gained around 1% each last week, but experts claim that the week ahead is expected to remain volatile and will track global cues like IIP data, to be released on March 10, performance of global indices. and US markets, concerns over aggressive policy tightening by the US Federal Reserve (Fed), rupee trend, FII inflows, F&O signals, and so on. Amidst the volatile market, Uday Kotak CEO of Kotak Mahindra Bank suggests investors to invest in businesses that invest their capital conservatively.
Uday Kotak through a tweet talks about Buffet Nuggets and suggests 3 key investment advice for investors. “Buffet Nuggets: 1. Think of equity investing as buying businesses in their entirety, not buying stocks. 2. Look at investing in businesses that invest their capital conservatively and that are intended to exist forever. 3. Avoid impatient people and impatient companies,” said Uday Kotak via a tweet.
Addition: Look for businesses that are self-financed i.e. operating on a negative working capital cycle. Those companies always have less assets and become a source of dividends at later stages. This is a great business Featuring,” one user wrote.
“US Treasury earned USD 32 trillion in last decade, 48% coming from individual IT while corporate tax is only 8 1/2%. India Copr tax 25% while HNW 37%. So individuals make money by investing in good companies Can earn. He is a genius but admits he made mistakes before. Paytm should be the one,” commented another on Uday Kotak’s post.
“But how is this possible when 90% of the public has become Fno gamblers, stocks move 5-50% a day, take Kotak stock, it is hovering around since ages 1750, these so called option writers mockingly Another user wrote, “Imagine companies posting solid numbers getting beaten up badly.”
On 8 February, the Monetary Policy Committee (MPC) announced an increase in the repo rate by 25 basis points to 6.5%. On February 1, the Federal Reserve raised its benchmark interest rate by 25 basis points, or 0.25 percent, to 4.75 percent.
Uday Kotak, CEO of Kotak Mahindra Bank, has expressed the possibility of more interest rates. In a tweet, Uday Kotak recently said that “Global central bank balance sheets have huge losses as they bought long term bonds and actually printed money. who pays? Sovereign. Signs of stable inflation in the US. There is a possibility of higher interest rate hike. For longer. Remember airplane turbulence? Buckle up around the world!”
catch all business News, market news, today’s fresh news events and Breaking News Update on Live Mint. download mint news app To get daily market updates.