On a weekly basis, domestic benchmark indices managed to settle higher for the second straight week.
Top investors treaded with care, with the simple message to stay put. The biggest respite is oil, which tumbled below $70 to multi-month lows. As crude entered the bear market, the bulls came out for a party.
Not surprisingly, the poll conducted by Shyam Sekhar of iThought on the most key factor with a bearing on sentiment had oil on the top.
What is most important in driving your assessment of the market? #nifty #markets
— Shyam Sekhar (@shyamsek) 1541821120000
Safir Anand in a tweet said the falling crude is likely to throw up many opportunities.
Crude's biggest fall in 34 years! Just when most pundits said 120, it cracks to 69. Volatile times. Many opportunities.
— Safir (@safiranand) 1541798023000
Sandip Sabharwal of asksandipsabharwal.com was not far behind in pushing India's cause, tweeting that India story is much more than crude and 2019 is likely to be a good year for investors.
Sell India, crude is going to $100 Sell India, crude is going to $100…… Now what? Brent Crude is now up by bare… https://t.co/ELk1qFbwwF
— sandip sabharwal (@sandipsabharwal) 1541776358000
Solid inflows the mutual fund industry saw for October — a month that was marred by a sharp selloff — gave more comfort to Street.
Nilesh Shah of Kotak AMC was all praise for "the maturity of investors and the hard work of MF distributors".
Kudos to maturity of Investors, Hard work by MF Diatributors & support from Media Oct 18 SIP Inflow is the best thi… https://t.co/89rbuQ8be6
— Nilesh Shah (@NileshShah68) 1541755276000
Sabharwal called out the "doomsday forecasters" who predicted the markets will crash and investors will jump ship in light of the Rs 14,783 crore MF inflows.
Net Inflows into Equity Mutual Funds jumps to Rs 14783 Crores. Doomsday forecasters whose only logic is that Retail… https://t.co/2D1Q3h5skb
— sandip sabharwal (@sandipsabharwal) 1541751895000
Investment tips and ideas
With the recovery building and a stream of positive news trickling in, here are a few tips, tricks, and advice that the Street mavens shared on Twitter. Take a look!
Financial Systems will come out extremely strong from what is happening now. The pain of transition is on, the wors… https://t.co/p10JcE41PD
— Porinju Veliyath (@porinju) 1541403099000
Small-cap investing is different. Volatile. Risky. Rewarding. INFY was small-cap in 90s. Apple, Amazon, FB, Netflix… https://t.co/WRezrwUkzu
— Porinju Veliyath (@porinju) 1541385351000
Been lazily going through a lot of results. One thing is clear. Portfolios will need revamp. Newer stock ideas c… https://t.co/i1hYraoCmo
— Shyam Sekhar (@shyamsek) 1541386636000
Its supposed to be the start of a bear market when good news dont take prices up and its supposed to be the end… https://t.co/2qxz5uOBEy
— Basant Maheshwari (@BMTheEquityDesk) 1541429607000
It's easy to say one should buy cos with the right management. Well ravan was learned and disciplined and respected… https://t.co/mxhWPXkVZj
— Safir (@safiranand) 1541681887000
Here's something from Samir Arora that can tickle your funny bone and leave you thinking.
If only in real life we could say that the thugs of Hindustan are achieving below expectation- it would be a great feeling.
— Samir Arora (@Iamsamirarora) 1541743177000