Being the fourth largest economy in the world and having the second largest GDP among developing nations, in terms of purchasing power, India is poised for growth with macro–economic stability and by 2025 Indian economy is projected to be about 60% in size of the US economy.
Investment is the key element which has taken India on high growth trajectory.
India is getting economically empowered with greater participation of the people across the spectrum in the capital markets, but the last couple of years have seen a lot of changes in the economic world where many ‘so called' economically dependable areas have proved to be unsafe.
With the financial markets at crossroads, inflation cooling down, elections later in the month and budget not far ahead, the time was right for the existing investors to take a fresh stock of things to come and for the prospective ones to perhaps hear from the professionals one last time before venturing into the
world of financial markets.
Finnacle Investments organized Nivesh Mantra ’12 at IMT Ghaziabad from 3rd to 5th February 2012 which focused equally on both equity and commodity markets, in an attempt to clear the air surrounding the Commodity Market.
Day I
The conclave was aptly inaugurated with Mr. Sandeep Dandapat, the Chief Manager at National Stock Exchange of India Limited, addressing the students of IMT – Ghaziabad with an Investor Awareness Workshop. During the workshop, he covered topics ranging from operations at the NSEIL, to informing the students about their rights as investors.
Day II
With the uncertainty and the high volatility displayed by the equities, and silver and gold reaching their highs in the past year, a session introducing the students to the commodities market was called for. Nivesh Mantra 2012 began Day II with a session on the “Basics of Commodities”, conducted by Miss Vandana Bharti, a Senior Research Analyst with SMC Comtrade. In the session Mrs. Bharti highlighted on the products traded in commodities market and how they are regulated. The focus of the session was on the relationship between simple commodity money and the more complex instruments offered in the commodity markets.
‘Fundamental Analysis tells us what to buy, Technical Analysis tells us when’, said Mr. Kunal Sarogi. After a very informational morning session, Mr. Kunal Saraogi, Founding Partner, Equity Rush addressed the students with a detailed session on ‘Technical Analysis’. The session witnessed a very enthusiastic
response from the students. Mr. Saraogi started briefing the differences between Fundamental and Technical Analysis and the session carried on detailing how Technical analysis would be useful in making the decision. Behavioral economics and quantitative analysis incorporate technical analysis, which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical and fundamental analysis is disputed by efficient-market hypothesis which states that stock market prices are essentially unpredictable.
Day III
After two grueling days of knowledge sessions, ‘Stock Meter – A financial quiz’ was organized to ease the air. The event saw some keen rivalry among the students. Also, the result of ‘Sector Selector – A Portfolio Game’ was declared which started on 20th January and continued till 3rd February 2012. At the end it was a bag full of experience for the students who thrive to be future managers and researchers. The journey of Nivesh Mantra 2012 thus came to an end with much fanfare and even bigger promises for the coming years.
- Chetan Sabadra
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