INSUBCONTINENT EXCLUSIVE:
NEW DELHI: When it comes to Dalal Street, there can never be a monotonous day, forget a week
A spell of uncertainty in the run-up to the appointment of the new RBI Governor and state election results kept the investors on
tenterhooks in the week gone by
One look at Twitter, and you will find out what buzzed the most in the week gone by
And like always, twitter feeds were overflowing with advice, suggestions, comments or just simple observations
We did the job of sifting through them all
Patel bids adieu to Mint StreetOn December 10, Urjit Patel resigned as RBI Governor
But then, such was the sensitivity of the issue
The Street consensus holds - compromising with RBI autonomy is a big NO.
B
Election outcomeAs five states geared up to find out their fate with the electorate, all of India had their eyes on them
After all, it would set the tone for general elections of 2019, which is seen as a litmus test for the Modi government
Even with the Congress looking to form government in three out of five states, the market barely moved but rather rejoiced at the idea of
end of uncertainty and volatility
Take a look at what top D-Street names made of the election outcome.
Shyam Sekhar of iThought said the market is capable of discounting
everything very quickly and the "shorts" will soon go to slaughter.
Shankar Sharma expected a massive downside in market, but he too was
He wondered what the market was trying to tell us all.
But then, he figured it too
Sharma said market is a "promiscuous bedfellow
Changes partners frequently"
Market's loyalty lies with money and no political party.
Value investor Abhishkek Basumallick in his tweet talked about how everything is
transient and all the "breaking news" right now wouldn't matter six months down the line
His advice -- think long term.
C
RBI gets a new GuvThe Reserve Bank of India got a new Governor - Seasoned bureaucrat Shaktikanta Das
It was business as usual on Twitter as opinions started to flow in.
D
Let's talk marketYou can always count on Street biggies for some guidance and that's what they did this week, too.
Radhika Gupta, CEO,
Edelweiss AMC, says patience is the key in the market.
Safir Anand
Lakshmi Iyer
To top off today's Tweet activity, here's some food for your
