It is really surprising that during the lockdown period, people’s interest in stocks has risen. And after June 2020, the Indian market is witnessing rallies in stocks, and even mid-cap and small-cap are in demand, though some penny stocks are not far behind.
Zerodha (broker) has witnessed a large number. new investors and I also feel that the Margin issue as contemplated by SEBI from September 01, 2020, has not affected much for Zerodha consumers (for those who trade CNC _Cash and Carry SEGMENT).
Had India – China conflict not risen last week, the market would have seen another rally. But on Monday ()(August 31, 2020), the stock market crashed, and new investors (who recently entered into the market) saw the real picture of uncertainties. But, I do feel that the Indian stock market is very strong and the rally will return in no time. Investors should not lose hope.
People still have high hopes on R-COM, Idea, and those who have invested should stay with this, including Yes Bank. The government should look into the margin issue sincerely as investors are keen to invest and it does show people’s confidence in the Indian government and its economic policies even though GDP is showing a negative trend.
I also feel bullish on the IPO of Happiest Minds (slated to be on offer from September 07-09).
I give a thumbs up for Indian investors and their faith in the Indian Government.