Tweet Buster: D-Street’s advice for new FM & tips for retirement planning
In a bad start for the new government, India’s GDP growth hit a 5-year low of 5.8 per cent.
US President Donald Trump opening new frontiers in its trade war by including Mexico and India rattled global markets. The White House has threatened to hit Mexico with new tariffs and terminated India’s designation as a developing nation.
All of this was lost on Indian equities, as they continued to rise on hopes that a landslide victory for the Narendra Modi-led NDA in Lok Sabha elections will enable the government to bring in fresh reforms to boost the economy.
In a bad start for the new government, India’s GDP growth hit a five-year low of 5.8 per cent, data showed on Friday.
On the very same day, Nirmala Sitharaman was tasked by Modi as new Finance Minister to stablise India’s stuttering growth.
Dalal Street had a word of advice for the newly-appointed Finance Minister with market expert Sandip Sabharwal suggesting that she should not give in to armchair economists.
It is important that @nsitharaman is not bigged down by Armchair Economists focussed on Fiscal Deficit. We need at… https://t.co/ww1oSjznA0
— sandip sabharwal (@sandipsabharwal) 1559361640000The first thing that FM @nsitharaman needs to do is to summon the RBI Governor and apprise him of the mandate given… https://t.co/9jYZFAoLPg
— sandip sabharwal (@sandipsabharwal) 1559295175000Amar Ambani, President, Head of Research at YES Securities, meanwhile, supported Sitharaman’s appointment.
Although came as a surprise move for the market, Hon. Ms Nirmala Sitharaman as Finance Minister is an excellent cho… https://t.co/rEVCNxUR1Y
— Amar Ambani (@AmarAmbani) 1559296997000The new Finance Minister wasn’t the only topic on experts’ minds. Here’s some other issue that they talked about on Twitter:
The Withdrawal of #GSP benefits by the USA from India is being blown out of proportion by the "Media Experts" It i… https://t.co/XH2NVPJBs7
— sandip sabharwal (@sandipsabharwal) 1559441273000On Nifty setup, he said the index’s futures were trading in discount.
Nifty Punters who shorted and lost heavily in the last Futures and Options cycle seem to be going heavily short on… https://t.co/fc3vEphDp1
— sandip sabharwal (@sandipsabharwal) 1559292631000Value investor Safir Anand had his take on stocks that may rise ahead
Indian mkt looking strong going by its reaction to global mkt and recent developments. Won't be surprised to see an… https://t.co/N1qXKzNWMP
— Safir (@safiranand) 1559294406000Dalal Street veteran Shankar Sharma shares his views on different divisions of the same brokerage giving conflicting advice.
This is like the classic Wall Street Brokerage Report Style. One Strategist will write " Market looks bullish". Ano… https://t.co/VBUwGEgdfF
— Shankar Sharma (@1shankarsharma) 1559411093000Arun Thukral, MD & CEO at Axis Securities was tweeting on investment tips.
The biggest #financial mistake you can make is not to have a plan in place. You can't hit a target unless you aim f… https://t.co/RhNa27cW0t
— Arun Thukral (@arun_thukral) 1559366549000#RetirementPlanning: the golden rule is to start early. Say, you start earning at 25 & retire at 65. An #investment… https://t.co/zNAweXRO48
— Arun Thukral (@arun_thukral) 1559455278000While many in market are raising questions on sustainability of consumption theme, Thukral came out in support of it, saying that the outlook for India's consumer market looked promising.
The outlook for India's #consumer market looks promising. Consumption in India is set to triple to $4 trillion by 2… https://t.co/ZfPK5q33XP
— Arun Thukral (@arun_thukral) 1559194421000India has always lagged in global arms sales. Nilesh Shah, MD at Kotak Mahindra Mutual Fund suggests a way to turn it around.
One of the way to increase our share in this lucrative market is to free our private sector cos to make arms and d… https://t.co/lyRP91eBGV
— Nilesh Shah (@NileshShah68) 1559157643000Download ET Markets APP
