Discover and read the best of Twitter Threads about #sensex

Most recents (3)

Enough has been written about the returns the #Sensex has delivered in the 40 years of its existence. This is my personal story, a thread...

The day I began my career, the Sensex stood at 1,856.
From then till today, it has multiplied by 20.9 times.
But the #Sensex has given me more than just returns — it has given me a livelihood. Most of my working life I have engaged with m writing and editing magazines and newspapers around businesses, financial services and the economy.
All through, the Sensex was my best friend.
This friendship was sealed by an idea called daily disclosure. While economic data was hard to find, company information was not online, and spread out annually (half-yearly and quarterly results came later), #Sensex reached out to me every trading day. Without fail.
Read 13 tweets
#Sensex touches 39000 and you get up reading up on how it has given a CAGR of 16% for 40 years. I do believe Equity is the asset class which can beat Inflation but the 16% cagr and the data is erroneous on different levels.Read the next few tweets.
From this article by @Moneylifers -… 1) The Bombay Stock Exchange launched the Sensex in 1986. But it has calculated the Sensex data since April 1979 to provide a longer series, with a base index value of 100.
2) The Sensex value as on April 3, 1979, was 124.15 and not 100, owing to the fact that the value of the index divisor has been arrived at by taking the average market capitalisation of all the 30 stocks for 1978-79. But are these numbers accurate?
Read 7 tweets
The ghosts of 2008 are back. We had #Lehman. Today we have #ILFS and #RupeeAt75. The bulls have given up. #Sensex is down 4500 points in 25 sessions. As shared by @Prashanth_Krish over 50% of stocks traded on NSE are down 50% or more. Friday’s fall would have made it more brute.
Most of serious investors are fully invested. With the kind of sell-off witnessed in #Bajaj twins, #HDFC twins, #Reliance, #Kotak, quality midcaps/largecaps, no one is spared. Even Portfolios of respected investors like Rakesh J, @porinju, @VijayKedia1, SP Tulsian are down!!
In 2017 everyone made easy money. 2018 made you realise how difficult it is for traders and investors to make money in #stocks. I wish @adhia03 realises the gravity of his mistake by imposing #LTCG by referring stock markets as easy money making medium. #Nifty #Sensex
Read 27 tweets

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