The session opened gap-down as weak global cues and broad-based selling dragged the Nifty close to the 24,300-mark intraday. However, late buying in IT stocks helped limit losses. By close, the Sensex had fallen 1,122.66 points or 1.40% to 79,116.19, while the Nifty shed 385.20 points or 1.55% to settle at 24,480.50. Source
Omaha-based billionaire value investor and former Chief Executive Officer (CEO) of Berkshire Hathaway, who is well known for his long-term investment approach to the stock market, once said that the equity market is a tool which rewards people with patience. Warren Buffett famously said that the stock market is a device which transfers money from…
A post on social media platform The tweet highlighted that many investors confuse diversification with safety, while the world’s most successful investors quietly do the opposite. The idea echoes a philosophy long practiced by the Oracle of Omaha – Warren Buffett, who has repeatedly stressed that exceptional returns come from making a handful of well-researched…
In a consultation paper issued on 5 February, the markets regulator said the change is aimed at improving ease of doing business and bringing parity between mutual fund units held in statement of account (SoA) form and those held in dematerialized form. mint explains what SEBI has proposed and why it matters. What are the…
