Global Markets at A Glance – Update for Stock Traders & Investors

Global Markets at A Glance – Update for Stock Traders & Investors

Optimism spread across the global markets in the midst of a cadence of government indications, paved the way for the equity paradigm to conclude with some fruitful profits on the 13th of September.

The present condition of the economy is not behind the curtains. In a maneuver to stabilize it, Finance Minister Nirmala Sitharaman announced in furtherance to the relief earlier extended. By increased emphasis on the export and housing sectors.

Markets on the 13th of September, exhibited an exceptional convalescing trend, making profits by advancing a percent in the midst of volatility.

Observing and evaluating the weekly performance, technical analysts concluded that Nifty and Sensex had gained by slightly over 1 percent.

On a week by week premise, both Sensex and Nifty progressed by over a percent. Experts state the market is required to experience benefit booking from the present levels. Any upmove could be a bull trap as it is improbable that bourses will move generously higher for the time being.

As indicated by the rotate outlines, key help level for Nifty is set at 10,986.3, trailed by 10,896.7. On the off chance, that the record stays on upward direction, key obstruction levels to watch out for are 11,125.0 and 11,174.1.

The Nifty Bank shut down at 11,075.90, up 0.85 percent on September 13. The significant rotate level, which will go about as essential help for the list, is put at 27,739.2, trailed by 27,379.6. On the upside, key opposition levels are set at 28,292.6 and 28,486.4.

Stay tuned to Moneycontrol to discover what occurs in cash and value advertises today. We have ordered a rundown of significant features from crosswise over news

US Markets

The S&P 500 finished the day down marginally on Friday. Under 1% underneath its record-breaking high as a drop in Apple stock countered cooling US-China exchange pressures. Levy powerless industrials helped keep the blue-chip A dow in the positive area, which has now picked up in eight straight sessions, its longest series of wins since May 2018.

The Dow Jones Industrial Average rose 37.07 focuses, or 0.14%, to 27,219.52, the S&P 500 lost 2.18 focuses, or 0.07%, to 3,007.39 and the Nasdaq Composite dropped 17.75 focuses, or 0.22%, to 8,176.71.

Asian Markets

Markets in Asia were blended with Japan shut for an open occasion. MSCI’s broadest list of Asia-Pacific offers outside Japan was a tick lower at 515.4.

Australian offers were down 0.1% while South Korea’s KOSPI was a smidgen higher. E-Minis for the S&P 500 was off 0.4% while those for the Dow facilitated 0.3%.

SGX Nifty

Patterns on SGX Nifty show a negative opening for the more extensive record in India, with a 99.5 focuses misfortune or 0.90 percent. Clever fates were exchanging around 11,011.50-level on the Singaporean Exchange.

FM Nirmala Sitharaman reports Rs 10,000cr store to resuscitate stuck reasonable lodging ventures, new plan to lift sends out

Money Minister Nirmala Sitharaman September 14 came back with a crisp arrangement of help measures, this opportunity to lift sends out and the hailing lodging segment. This is her fourth such address since mid-August.

In the most recent question and answer session, FM Sitharaman reported two noteworthy measures. The first is another fare advancement plot for the reduction of obligations or expenses on fare items. This plan will totally supplant Merchandise Exports from India Scheme (MEIS) and Rebate of State Levies (ROSL).

Oil costs take off 10% after the assault on Saudi offices hits the worldwide stock

Oil costs withdrew on Monday in the wake of hitting their most elevated since May at the open, on fears over inventory disturbances following an assault on Saudi Arabia’s oil offices on Saturday that cut over 5% of worldwide oil supply.

Global benchmark Brent rough prospects rose $7.06 a barrel or 11.7% from their New York close on Friday to remain at $67.28 per barrel by 0108 GMT, in the wake of taking off over 19% to a session high of $71.95 per barrel at the opening.

US West Texas Intermediate (WTI) prospects climbed $5.76 a barrel or 10.5% to $60.60 a barrel, subsequent to bouncing over 15% to a session high of $63.34 a barrel.

FPIs turn net purchasers, imbue Rs 1,841cr in first 50% of Sept

Outside portfolio financial specialists turned net purchasers in the main portion of September, siphoning in Rs 1,841 crore into the capital markets, in the wake of residual dealers for the past two months. Moreover, The most recent inflows have been activated by improving speculator assumption on the back of facilitating US-China exchange war and supporting macroeconomic information, specialists said.

As indicated by the most recent safes information, remote portfolio financial specialists (FPIs) pulled back a net measure of Rs 2,031.02 crore from values yet put in Rs 3,872.19 crore in the obligation section during September 3-13, converting into an absolute net inflow of Rs 1,841.17 crore into the capital markets.

August fares decrease 6% to $26.13 bn; exchange deficiency limits

India’s fares dropped by 6.05 percent to $26.13 billion in August contrasted with the year-prior month, official information discharged on Friday appeared. Imports also declined by 13.45 percent to $39.58 billion, narrowing exchange shortage to $13.45 billion in August. The shortfall was $17.92 billion in August a year ago.

Fare areas that recorded positive development in the most recent month incorporate iron mineral, electronic merchandise, and flavors. Marine items. Shipments of pearls and gems, designing merchandise, oil-based goods recorded negative development, as indicated by the information as well.

Forex stores take off $1 bn to $429.60 bn

The nation’s remote trade stores expanded by $1.004 billion to $429.608 billion in the week to September 6, helped by an ascent in outside money resources, RBI information appeared on Friday. In the earlier week, the stores had fallen by $446 million to $428.604 billion.

Furthermore, The stores had contacted an actual existence time high of $430.572 billion in August this year. In the week to September 6, remote cash resources, a noteworthy part of in general holds, and ascended by $1.200 billion to $397.205 billion, the Reserve Bank said.

Rupee broadens winning run, rises 22 paise to 70.92 versus USD

The rupee walked higher for the seventh straight session on Friday to close at 70.92 per US dollar, up 22 paise, as relaxing unrefined petroleum costs and facilitating US-China exchange strains reinforced financial specialist estimation. Most Asian monetary forms increased after indications of rapprochement among the US and China over their exchange contest.

Also, The interbank outside trade advertises, the rupee opened at 70.94 a dollar. It transported between a high of 70.86 and low of 71.15, before at last settling at 70.92, up 22 paise over its past close.

‘Extremely troublesome’ for China’s economy to develop 6% or quicker: Premier Li

Chinese Premier Li Keqiang said it is “troublesome” for China’s economy to develop at a pace of 6% or more due to the high base from which it was beginning and the confounded worldwide setting.

The world’s No.2 economy confronted “certain descending weight” because of easing back worldwide development. Also, just as the ascent of protectionism and unilateralism, Li said in a meeting with Russian media which was distributed on the Chinese government’s site, gov.cn.

Govt reflected on measures to improve budgetary strength of STC

The administration is thinking about measures to improve the money related wellbeing of State Trading Corporation (STC), an open division unit under the business service, as indicated by sources.

Of course, the measures, which are under thought, incorporate an arrangement of sufficient time for STC to reimburse bank advances and clearance of steadfast resources.

“The means have been talked about among trade service, account service, and banks,” the sources said. According to the proposition, STC could be allowed a five-year time for reimbursement of Rs 500 crore. With contributions from Reuters and different organizations

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What is behavioural finance? Overconfidence and investing? Too much trading?

Why and Where should you invest? Mutual Funds – An Apt Choice for A Budding Investor

WHEN IS THE RIGHT TIME TO INVEST?

Why and Where should you invest? Mutual Funds – An Apt Choice for A Budding Investor

Why and Where should you invest? Mutual Funds – An Apt Choice for A Budding Investor

Building or dismantling one’s belief in the stock investment domain is primarily based upon the first mutual fund invested in by an individual.

The ease of execution and simple comprehension are the hallmarks of a profit bearing nascent investment. Taxsaving funds or balanced funds are contributing factors to a novice investor’s satisfaction.

Let’s learn why. For someone who has just jumped into the fray, it would be advisable for them to elect a fund that majorly invests in equities. It is suggested in favor of the aforementioned, for the simple reason that it is highly improbable for an individual not to have any equity investment whatsoever.

Individual Investors

The investors new to the investments arena normally have fairly decent bank deposits, provident funds, and several other fixedincome investments.  Equities unquestionably are the foremost choice of investments for longer terms. Mutual funds are the safest way to invest in them, therefore making equities quite the feasible option.

There are primarily exist  2 types of funds (Tax-saving Funds and Beginner Funds) that could be deemed fit to be referred to as, beginner funds.

Let us delve deeper into understanding the 2 types of funds.

Tax Saving Funds:

They are also referred to as Equity-Linked Savings Schemes (ELSS) is every equity fund that is eligible for tax exemption under the Section 80C of the Income Tax Act. As per the section, an individual could invest an amount of up to 1.5lacsin a set of instruments, out that one is ELSS funds.

They being equity funds, should be considered for long term investments. When it comes to the ELSS funds, the long-term imperative is governed by the tax laws via a locked-away period of 3 years. Consequently, each of the investors earns quite attractive returns from such funds.

Balanced Funds:

Also known as balanced funds, they amalgamate equity and debt investments in a pre-defined ratio. The maintenance of the aforementioned ratio requires the fund manager to disinvest from the already profiting holdings and subsequently invest in the ones that weren’t as profitable. Doing this is termed as asset rebalancing.

Debt protects the profits made in equities. Balanced funds pre-eminently have a colossal benefit of them being safer in contrast with the pure equity funds. Such funds rise with the rise in the market. However, when the market plummets, then they don’t fall too steep.

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Conclusion

Hence, safeguarding the profits made during more favorable market climates. Suffice it to say that an individual’s experience with the very first investment they make, decide the course of their future as an investor.  Therefore, one should go in for a mutual fund as their first investment option.

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What is behavioural finance? Overconfidence and investing? Too much trading?

What is behavioural finance? Overconfidence and investing? Too much trading?

Value investing - Finance and stock market courses

Behavioural finance contemplates the psychology of financial basic leadership. A great many people realize that feelings influence investment choices. Individuals in the business usually talk about the job insatiability and dread play in driving stock markets.

Behavioural finance broadens this analysis to the job of inclinations in basic leadership.

For example, the utilization of basic dependable guidelines for making complex investment choices. At the end of the day, conduct finance takes the experiences of mental examine and applies them to financial decisionmaking.

“We are what we repeatedly do” Stephen covey

Traditional vs. behavioural finance

In the course of recent years built up to finance theory has accepted that investors have little trouble settling on financial choices and are well-educated, cautious and reliable.

The customary hypothesis holds that investors are not confounded by how data is displayed to them and not influenced by their feelings. However, obviously reality doesn’t coordinate these suspicions.

Behavioural finance has been becoming in the course of the most recent twenty years explicitly on account of the perception that investors once in a while act as indicated by the suspicions made in customary finance hypothesis.

Overconfidence

Psychology has discovered that people will, in general, have unjustifiable trust in their decisions. In an embodiment, this implies having a swelled perspective on one’s possess capacities.

This quality seems all-inclusive, influencing generally perspectives of our lives. Analysts have requested that individuals rate their very own capacities. For instance, in driving, with respect to others and found that a great many people rate themselves in the top third of the populace. Hardly any individuals rate their claim capacities as beneath normal, albeit clearly half of all drivers are beneath normal. Numerous examinations – of organization CEOs, legal counselors, understudies, have additionally discovered these people will, in general, misrepresent the exactness of their perspectives on the future.

In viable terms, individuals will, in general, see the world in positive terms. While this Behavior can be important – it can enable you to recuperate from life’s disillusionments all the more rapidly – it can likewise cause a progressing wellspring of inclination in cash related choices.

Overconfidence and investing?

Overconfidence has direct applications in investment, which can be perplexing and include gauges of the future. Careless investors may overestimate their capacity to distinguish winning investments.

‘Confused conviction’ can weigh against this exhortation, with investors or their counselors ‘sure’ of the great prospects of a given investment, making them accept that expansion is consequently superfluous.

Overconfidence is connected to the issue of control, with presumptuous investors, for instance, accepting they practice more power over their investments than they do.

In this basic way, investors overestimate their own capacities and disregard more extensive elements affecting their investments.

Too much trading

Investors with an excess of trust in their trading ability regularly trade excessively, with a negative impact on their returns. The table demonstrates the outcomes for most what’s more, least dynamic traders. For the normal investor changing starting with one stock then onto the next, the stock purchased failed to meet expectations the stock sold by around 3.0%over the next year. Whatever understanding the traders think they have, they have all the earmarks of being overestimating its esteem in investment choices.

Skill and luck

Overconfidence might be fuelled by another trademark known as ‘self-attribution inclination’.

Be that as it may, when looked with a negative result, this is credited to misfortune or hardship.

This inclination gets in the method for the input procedure. It enables decisionmakers to shut out negative criticism. Also, coming about the chance to improve future choices.

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WHEN IS THE RIGHT TIME TO INVEST?

WHEN IS THE RIGHT TIME TO INVEST?

THE KEY TO INVEST: Investing is more about discipline and patience than timing the market.

Current catastrophes in Indian Markets are incendiary from many years and they may continue further due to some external factors (for example the USA China trade war, India Pakistan issue and many more). Understanding volatility and taking correct ruling is very crucial to grow.   If you are thinking of investments that could beat inflation and also give you reasonable returns, one option might be to start investing in the stock market. If you have decided to do the same and go for it all by yourself, it’s not a bad idea. The stock market, when properly understood, can help you make a lot of money, but you may also lose all your money if you are tempted to invest randomly without knowing the nitty-gritty of the market​. 

There are a few things that we should think about before investing, which are:

  1. What are you investing for?

  Is it a long-term goal or a short term goal of making quick bucks? There are different funds according to the needs of the people. They should invest in considering all the factors.​ ​If you are a long term investor, simply stick to your plan and continue buying per plan. If you are getting into equity for the first time, this can be a good time – and any time can be a good time too if your investments are only a small portion of what you would invest over the years. 

2. One should have a pertinent proficiency about the trends of market and funds.

  If I am an investor but I don’t know much about the policies of the different funds so there are chances that in future I will have to bear some loss. People should spend some time in the market and analyze its policies and then make a wise decision.

3. The investor should invest according to his risk profile 

Just because it is down 10-20% does not guarantee anything. In 2008, the market went down 20% and then went out another 40%. Let the markets do their jobs. In the long run (say about 6-7 years) you will definitely come ahead of others who kept waiting for the right time to come.

4. The last thing to keep in the mind is that the investor should be punctual and should have a disciplined approach.

People who are investing should definitely have a positive mindset about the trends of the market and they should be regular to invest in it . Investors should consider investing a good habit and should not show any delinquency.   ​

​So, start early and don’t waste time commuting about whether now is the best time to invest or not. 

BONUS TIP: Do not take a round figure for your future financial goals. Always work with real numbers to reach your goals without  fail.

Find out the current cost, provide for annual​ ​inflation and taxes 
to arrive at a realistic target. 

Indian Youth to Support forthcoming Economic Surge

Indian Youth to Support forthcoming Economic Surge

Author – Prakash Sharma

The world in the wake of the markets emanating from across the nations globally, which also has India strategically placed in the midst, is gradually transcending into a new realm.

If the recent long-term projections released by Standard Chartered are to be believed, India may well be on its course to emerging as the second-largest economy in the world by the year 2030. India shall find itself surpassing the American economy and be second only to the Chinese, should this aforementioned become a reality. On the basis of the nominal Gross Domestic Product (GDP) using purchase power parity (PPP) exchange rates, it further forecasted that the Chinese economy shall surpass the American economy by the year 2020.

With the inception of the year 2030, the markets growing at a swift pace now shall be responsible for forming the majority of the 10 biggest economies, according to an estimate.

As per the report generated by  Standard Chartered, India shall prove to be the catalyst for catapulting growth due to its exhibiting an ascending trend to 7.8% by 2020. The deterrents responsible for the same shall partially be the ongoing reforms, which comprise of the GST and the Indian Bankruptcy Code(IBC).

GST

GST is one of the most significant tax reforms in the history of India.

– Finance Minister Arun Jaitley

The GST was introduced in the year 2017 with the key objective to simplify India’s intricate tax structure, whereas, IBC consolidates the national insolvency and bankruptcy laws.

Furthermore, as per the prominent principle supporting Standard Chartered forecasts, the countries’ share of the global GDP, must eventually merge with their portion of the world’s population.

India has more than half the population below the age of 25, making it the largest pool of young people, which when compared to the age averages of the other countries, is quite low. This shall lend a helping hand to India’s economic growth when the aging populations from other nations shall be weighing on global growth.

India’s consumerism is expected to prosper in the light of the soaring aspirations and ambitions of a comparatively young population.

Having the largest population of young people comes with its set of drawbacks and challenges. One such major challenges that have emerged in the last two decades is an enormous employment demand. Observing some startling figures that indicate that India shall be required to create about 100 new jobs in various sectors by the 23030. In order for this to be implemented, it is imperative that the dispensation raise the number of women as part of the work-force and make the labor laws less stringent.

India requires an infrastructure that can efficiently be used to train a population of 10 million people, as India’s current infrastructural structure can accommodate a mere 4.5 million people, as per the report.

Pm Modi Visit to Russia – Announces $1 Billion line of credit for Russia’s far east Development

Pm Modi Visit to Russia – Announces $1 Billion line of credit for Russia’s far east Development

Indian prime minister Modi to extend money line to russia

Author – Hardik Sharma

Prime Minister Narendra Modi on Thursday aforementioned that India can walk shoulder-toshoulder with Russia in its development of the region and declared a $1 billion line of credit for the event of the resource-rich territory.
Addressing the comprehensive session of the Fifth Japanese Economic Forum, Prime Minister Modi stated that the relationship between the Republic of India and the Russian Federation wasn’t just restricted to governmental interactions in capital cities, rather it was regarding folks and amicable business relations.

Prime Minister Modi also reiterated the fact that India was the first nation in the world to establish a Consulate in Vladivostok. Modi also unveiled the new Act Far East policy of his government that has led to India investing in the Eastern part of the Russian Federation. Indian firms have till now invested $7 billion in Russian fields containing oil and natural gas. These deals have not only prompted growth in the share market but will also give a boost to Russian and Indian economies along with sustainable financial developments.

Can India Overtake the US and China as the Strongest Economy?

Can India Overtake the US and China as the Strongest Economy?

Can India Overtake the US and China as the Strongest Economy?
#india #economy #gdp #money

Author- Prakash sharma

According to the data released on the 30th of August, India’s gross domestic product or GDP has plummeted to a 6 year low. This decadence has prepared quite an ambiguous ground for investors who up until now saw enormous potential in the Indian economy. Further considering the fact that India is currently somewhat struggling to meet its fiscal targets, it seems rather unlikely for new investors to exhibit an unadulterated faith by taking a plunge into the Indian markets. Red flags of an imminent slow-down were raised back in the financial quarter of April-June 2019 when the GDP boosted 5%, but the government didn’t pay much heed to that. This is directly rendering the economy vulnerable to prominent threats.

The GDP growth was at 8 percent in the same quarter of 2018-19.

Gross Value Added (GVA = GDP – Taxes), which is the more pragmatic proxy to measure economic activity, rose 4.9% in April-June 2019, in contrast to the 7.7% in the same period last year and 5.7 percent in January-March this year.

Figures from around the world, cumulatively don’t paint quite a pretty picture of the global economy, which is on the cusp of a recession. It is not the Indian economy alone that raises concerns, the US economy also slowed slightly more than was earlier anticipated in the second quarter. 

In an attempt to stay ahead of the situation, the current dispensation has disclosed countermeasures, formulated to prevent decadent growth. For instance, reforms in the public sector banking space and abrogating soaring tax surcharge from foreign investors. Despite the operose invested in strategizing the measures, they seem inefficacious.

Stock Market

The savant stock market traders believe that the time lag between yield curve inversion and recession might stretch to several years.

According to the projections emerging from data analyzed by share trading and investments experts, India will continue to see the growth trend. However, there is a mammoth of ambiguities that needs to be dealt with first, with respect to taxation. Furthermore, due to comparatively lower investments in Nifty and Sensex could mean the scarcity of funds with the broker, which shall result in an increased number of margin calls to cover the losses incurred.

Mr. Vijay Verma, who is at the helm of affairs at ISM Institute of Stock Market said that taking the tax load off that was levied on the Foreign Portfolio Investments (FPIs) was quite a commendable move. He further held weak household spending and muted corporate investment as the major culprits of the economic slow-down. Furthermore, A rate cut, which could be cumulative of 40-50 bps in the current financial year; could come in as a consequence of the slow down in the economic growth and precisely that should add an impetus to the rate-sensitive sectors, Mr. Verma said.

Having spoken to prominent economists, it is clear that amidst all the speculation and vague analysis, the major deterrents of the slow-down are steep fall in manufacturing and the subsequent consumption figures.

Conclusion

A silver lining has been pointed towards by the Global Investment Bank, which is of the belief that the revival of the economic growth could happen in the second half of Financial Year 2020 because of a sequential uptick and a low base. This projection is based on the model in which RBI shall be expected to slash the rates by approximately 50bps over the 4th quarter and the 1st quarter of the year 2021, which shall push the repo rate to 4.9%.

What do you think?

How strong is India’s economy? Can India overtake the US and China as the strongest economy? Can India overtake China? How many people live in India? What is the workforce in India?

Can India overtake the US and China as the strongest economy? Can India overtake China?

Comment your thoughts…

Should a housewife invest in the stock market?

Should a housewife invest in the stock market?

Author Padmapriydarshini

I believe that financial independence is important for women to make their own choices, but the financial knowledge required to make such decisions is low in women. According to 2011 Census, 82.1% of the men and only 65.5% of the women are literate (Census of India, 2011). The reason is that either most women were married at a young age or were barred from pursuing education.

Female traders can actually reduce stock market crashes

Further, 79.1% of the urban women and 57.9% of the rural women are literate as per 2011 Census. Lack of basic facilities like water and sanitation at schools, early marriages, and domestic violence are the causes for lower literacy rate of rural women. Also, a survey conducted by VISA says that only 37.1% of the women have a home budget compared to Brazil which has the highest of 51.8% (Chetna Singh, 2017). Another survey by Standard and Poor’s says that only 14% of the Indian adults were familiar with risk diversification and only 51% knew the concept of compound interest (Chetna Singh, 2017). In conclusion, lower literacy rate of women also means a lower financial awareness as compared to men.

Conclusion

I strongly support that housewives should invest in the stock market carefully with complete knowledge about it. As stock investing is risky, yet essential, they shouldn’t get carried away by the opinions of ill-informed people. Rather, they should invest time to gather materials and understand the stock market before making a decision. Because critical thinking is needed for decision making, education is important. I have based my argument by saying that education and financial awareness go hand in hand. However, there could be cases where a woman may not be very educated but is still investing in stocks. At the end of the day, interest and consistency determine whether a housewife should or should not invest in the stock market.

References

  1. (2011). Retrieved from Census of India: http://censusindia.gov.in/2011-prov-results/data_files/mp/07Literacy.pdf
  2. Chetna Singh, R. K. (2017). Financial Literacy among Women – Indian Scenario. Universal Journal of Accounting and Finance, 5 (2), 46-53.

Is it really possible to earn a LIVING just by Trading in Indian Share Market?

Is it really possible to earn a LIVING just by Trading in Indian Share Market?

“Without a saving faith in the future, no one can ever invest at all. To be a top-notch trader, one must be a believer in a better tomorrow”.

Author: Anshita Singh

We have come across many traders and investors who are highly experienced, saying that ‘The country’s market is like a mirror for its economic status and so for its future ‘.There may be many factors because of which market suffers ups and downs like not knowing the appropriate strategies to increase the business, not being aware of the technologies to expand it, not having a good idea for startups and still implementing it, etc.

How to earn a living?

To earn a living just by trading in Indian share market does not come as an option, sometimes the person has to do it as a compulsion to fill the stomach of their children and such traders are bound to bear all the atrocities for even a simple living.

There is a huge diversification of traders, on one side we see some who are not able to earn their living like the peanut seller, the flower seller, etc. But on the other hand, we see some extraordinary traders like Mr. Rakesh Jhunjhunwala, Mr. Porinju Veliyath, etc. They are all traders but the mind-set, the clarity of thought differs. Some want just a casual living whereas others want to live a life king size!

To be a good trader to earn a living one should focus on the needs of the market as well as people, the person should be innovative enough to fulfill his needs and improve his living status. Doing work just to live a life full of hardships can never up bring the coming generation.

To earn a living just by trading in the Indian share market is really tough but it can be easier by focusing on the needs and satisfying them. Getting yourself exposed to technologies can also help by decreasing man labor and increasing productivity. Successful traders always follow a line of least resistance and follow the trend because the trend is their actual friend.

ISM Donates Rs 1 Lakh for Assam Floods, ask other stock traders to contribute

ISM Donates Rs 1 Lakh for Assam Floods, ask other stock traders to contribute

Publish by Prakash Sharma

New Delhi–Jul. 25, 2019— ISM – Institute of Stock Market, amidst the chaos reigning in the state of Assam, has donated an amount of INR 1,00,000/- to a charitable organization working towards providing relief supplies to the flood victims through the ‘Traders for A Cause’ program. The ISM Traders for A Cause is an avenue that fosters educational and intellectual growth of the underprivileged children up to the age of 17. A portion of the fee received at the time of enrolment of a student at ISM, is being for now designated towards the relief and rehabilitation tasks that are being carried out in the flood hit regions throughout the state of Assam.

 “It is excruciating to see hundreds of thousands of people, including innocent children; being bereft of their homes. It is the need of the hour for fellow countrymen to spring into action to effectuate relief and rehabilitation work for the ones rendered homeless due to this great calamity. We can’t even begin to fathom the loss that has come in as a consequence of a devastating flood in the state, scathing and scarring the hearts of many who have witnessed this tragedy first hand. The grotesque nature of the aftermath is way beyond our imagination. My heart goes out to the families who have lost their loved ones. To add an impetus to the ongoing relief work, we have made a small contribution with the hopes of the completion of the onerous task undertaken by government authorities and individuals; without any impediment whatsoever.

I am glad to see the swift commencement of relief and rehabilitation work in Assam by the government authorities. It shall be commendable to see institutions and individuals from the education kindred to come forward and lend their helping hands to the victims of the Assam floods. We have elected not to confine ourselves to extending financial help alone, but have further decided to send numerous volunteers as well to work on the ground in tandem with the government authorities to ameliorate the gruesome conditions that are prevalent in Assam,” said Vijay Verma, Founder and CEO of ISM Institute of Stock Market.

ISM Traders for A Cause has indeed taken a significant step to aid those who have seen the carnage brought forth by the floods in Assam.

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