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Showing posts from September, 2023

G20 Summit & Nifty – Both Crossing 20 & Fear of Missing Out (FOMO)

  “You miss 100 percent of the shots you don't take." Wayne Gretzky, NHL Hall of Famer   For over a week G20 had been trending the most on social media. Apart from bringing consensus on many contentious geo-political, economical issues, one significant achievement of G20 under the leadership Bharat that is India was expansion of its family by including African Union. G20 has now become G21. Today Indian stock markets celebrated the success of G20 summit and following it Nifty also crossed the notable 20,000 mark, another 20+. Sensex also crossed 67,000 mark.   Market behaviour over last three and a half year years have forced most investor to be cautious of its last bull run starting April this year. After drastic fall in March 2020 because of covid, market showed unprecedented recovery in very short span of time and following it with a phenomenal bull run before slipping into a range.   Markets remained range bound between October 2021 & March 2023 b...