The global economic chaos has resulted in widespread steep corrections in early 2020 owing to the already existing low-interest rate pressure. Now the stock trading graph is moving upwards slowly as the markets are forward-looking by nature. While we all are busy finding out the valuations and new investable stocks to follow, here are some interesting facts about the stock market india app:
- Did you know that the Bombay Stock Exchange (BSE) is one of the world’s top exchanges in terms of listed members with more than 5,000 companies on the list! BSE Sensex has some of the most actively traded stocks.
- Do you know that MRF is the costliest share in the Indian share market! MRF has never split its stock. At present, its cost is around Rs. 64,000. (July 2020)
- Monsoon is one of the factors that affect the stock markets in India. Some of the important factors are the performance of corporate houses, global funding into equity, etc. With the monsoon decline and increase, the agricultural output and resulting inflationary pressures affect the food and supply chain.
- Nifty50 was launched in 1996 by the National Stock Exchange, which comprises of stocks of 50 prominent companies in India and is used extensively by investors in India and abroad as a barometer of the Indian Capital Markets.
- BSE is the first stock exchange in Asia established in the year 1875. The story goes that five stock brokers had gathered under Banyan Tree near the present-day Mumbai Townhall in 1850, from where the journey of establishing the first stock exchange in India began.
There are a total of 9 stock exchanges active in India presently.
- BSE Ltd.
- National Stock Exchange of India Ltd.
- Calcutta Stock Exchange Ltd.
- India International Exchange (India INX)
- Indian Commodity Exchange Limited
- Metropolitan Stock Exchange of India Ltd.
- Multi Commodity Exchange of India Ltd.
- National Commodity & Derivatives Exchange Ltd.
- NSE IFSC Ltd.
Sensex is the oldest index in India that provides data on BSE.
How New Investors Should Approach Stock Trading in India?
Do you know about the rapid recovery in the second quarter of 2020? BSE Sensex index recovered 20% of its value in the period of late March and the end of June. Experts believe that now is a good time for investing in stocks and new Indian investors should take this opportunity.
You need a Demat and trading account to invest your money in the stock market. Demat Account has made it easier than ever before to hold shares. You need to open an online Demat account with a brokerage firm to start trading as mandated by SEBI. Nowadays brokers are offering to open Demat and trading account at free of cost that facilitate an easy online integrated platform for stock trading in India.
You need a balanced investment portfolio as a new investor so consider building a Mixed Portfolio with the following options: Stocks, Cash Equivalents and Bonds.
Investments in the securities market are subject to market risk, read all the related documents carefully before investing.
