Stock Market

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.

Happy reading! A.

Patel bids adieu to Mint StreetOn December 10, Urjit Patel resigned as RBI Governor.

Social media went crazy.

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 surprised.

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 grey cells.





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