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The Pre-(Dip)awali Markets

The Pre-(Dip)awali Markets
Reading Time: 4 minutes

What’s your Diwali looking like?
The first two words you see are going to be your Diwali vibe this year!

This Diwali, my vibe will be… Click To Tweet

Hi, there!

Someone has very rightly spoken – October, November, and December are to a year what Friday, Saturday, Sunday are to a week!

There’s a nip in the air, the festival of wealth and prosperity is around the corner, and here starts a string of festivities for the rest of the year. We Indians love shopping, and it’s showing!

YouGov’s Diwali Spending Index is an indicator of the spending intent that Indian consumers have. This year there is a spending propensity of 90.71 among urban Indians this festive season. Although it is still below the average of 100, and yet to hit pre-pandemic levels, the overall intent to spend is higher than last time (80.96), indicating that urban Indians are looking forward to splurging a little.

Markets Last Week

2.45% ▼
2.49% ▼
2.03% ▼
Nifty Bank
3.00% ▼

The investors are in a festive mood, but the indices don’t look so exuberant. The Indian stock markets plunged last week to end deep in the red. Benchmark indices NIFTY50 and Sensex both shed about 2.5% amid broad-based selling in the market.

A number of factors contributed to this – Firstly, weak global cues and selling in Asian markets spread to Indian equities as well. Foreign Institutional Investors (FIIs) too sold Indian equities relentlessly, mostly to book profits. Moreover, inflationary concerns and a slowdown in global growth momentum are other concerns amid expensive valuations. Another reason could simply be that the festive month pushed investors to sell and book profits to aid Diwali spendings.

India’s central bank may have brought down inflation worries, but price pressures could potentially re-emerge soon.

This week you have a reason to invest every day!

  • Monday – Monday. There’s no reason, but don’t you procrastinate and keep all the important stuff for the start of the week? Investing is important. You should totally invest tomorrow.
  • Tuesday – Dhanteras. You’re going to buy something anyway. Why not make it one for the future?
  • Wednesday – Choti Diwali. Let’s make a chota investment too?
  • Thursday – Muhurat Investing. How can you not invest during the investing shubh muhurat on Diwali? Some super cool offers from our brokers also lined up – read on to find out!
  • Friday – Bhai Dooj. Although it’s technically on Saturday, why delay the good deed of investing for your sibling’s future? Do it a day in advance and surprise your sibling who probably thinks you’re too lazy.

Wondering what to invest in?

This Diwali, Invest in Ideas!

Although a religious festival, Diwali is also a celebration of ideas like wealth, prosperity, the victory of good over evil, the power of light over darkness, the triumph of knowledge over ignorance, and so on. Globally, the idea of Diwali is perceived as being the festival of lights.

Read more about Diwali being a festival of ideas and how you can invest in one!

Here are some offers from our broker partners that you simply can’t refuse!

Like every year, our broker partners have announced some sweet offers to brighten up your festive cheer!

  • Upstox: The transaction fee of ₹200+GST charged by the broker will be waived off on any new smallcase that you invest in!
    Offer valid from 9:15 am on 1st November, 2021 to 7:15 pm on the 4th November, 2021.
  • Zerodha: The transaction fee of ₹100+GST charged by the broker will be waived off on any new smallcase that you invest in!
    Offer valid during Muhurat Trading hours (6:15 pm – 7:15 pm) on 4th November, 2021.
  • Kotak Securities: The transaction fee of ₹100+GST charged by the broker will be waived off on any new smallcase that you invest in!
    Offer valid from 9:15 am on 1st November, 2021 to 7:15 pm on the 4th November, 2021.
  • Angel One: Get a 3-month TickerTape Pro subscription for absolutely free when you buy a smallcase!
    Offer valid from 9:15 am on 1st November, 2021 to 7:15 pm on the 4th November, 2021.

Explore a Special idea!

Looking for a Horcrux for your investments? You could probably give the Balanced MFT smallcase a shot.

Balanced MFT – (Smaller Investments) smallcase by Wright Research

Several factors affect the markets, so there are bound to be fluctuations. Volatility is an intrinsic function of the market cycle. The performance of your investments is heavily linked to these fluctuations. The Balanced MFT tackles volatility in markets by dynamically allocating smart beta factors and asset classes based on the changing market regime. Other than equity, the smallcase also contains bonds, gold, and international ETFs, which are dynamically given higher weightage when the markets are volatile.

Head to the Discover section to find other featured Specials for this week!

And that’s a wrap! Make sure that this Diwali you invest all your profits from the poker and teen patti wins. Don’t burst firecrackers (it’s illegal in most places anyway). Stay safe.

Wishing you and your family a very happy Diwali and happier investing!

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The Pre-(Dip)awali Markets
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