Volatility will remain a concern for traders as India VIX is still trading above 70 mark. Apart from this the concept of ‘average true range’ cannot be ignored at this moment. As per historical data, the weekly average range of Nifty is 477 points which has propelled to 1,769 points in the current week. This reflects the extraordinary trading scenario and volatility will remain the concern until the range settles down at normal levels. … [Read more...] about Modi move: 21-day lockdown better than months of chaos
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I won’t say I felt euphoric, but I felt better than I had in weeks, at least about my personal finances. I’d mustered the courage to face the truth, however grim. I’d acted according to a plan. I had more cash if needed for the next 10% decline. … [Read more...] about Coronavirus pandemic | I became a disciplined investor over 40 years; the virus broke me in 40 days
I felt a little ashamed (I should know this!), a little proud (wow, we must have so much else to talk about!) and very confused (who even is he?). How was it possible that I could write an encyclopedia about this person but couldn't tell you how he spends 50 to 70 hours a week, or how he's spent 50 to 70 hours a week every week over the last 20 years of his career? … [Read more...] about Couples having a working-from-home revelation: That’s what you do all day?
Vinnie Mehta, director-general, Automotive Component Manufacturers Association said, “The industry was already under pressure due to plummeting sales and there was also uncertainty from BS4 to BS6 [shift]. Everything has come to a standstill. We do not know how long it will last. There is a production loss of Rs 1,200 crore a day for the component industry.” … [Read more...] about Coronavirus impact | Auto parts industry stands to lose Rs 30,000 crore due to the lockdown
Since several hundred claims of death, health and travel insurance are now being filed due to COVID-19 across the world, claims paid by reinsurers to insurance companies has also risen. This will result in reinsurance companies steeply hiking the rates at which they provide covers to insurers. … [Read more...] about Brace for insurance premium hikes in post COVID-19 era