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Newsletter | Ramesh Damani's biggest learning of being in the market for 30 years; How to save tax on your Diwali gift, bonus & more
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Newsletter | Ramesh Damani's biggest learning of being in the market for 30 years; How to save tax on your Diwali gift, bonus & more
Nov 13, 2023 3:37 AM

Here's a rundown of 11 significant news stories to keep you in the know:

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Here's Ramesh Damani's biggest learning of being in the market for three decades

Veteran investor and member of the Bombay Stock Exchange Ramesh Damani believes that while the next 1,000 - 2,000 points on the index are difficult to predict, the next 20% on the index is surely on the higher side and not lower.

"What I have learnt over the last 30 years is to remain invested in high quality businesses and not worry about the volatility that happens. That is a part of the market," Damani told CNBC-TV18 in an exclusive interaction on the occassion of the Muhurat Trading session for Samvat 2080.

"My mantra has always been same, buy a good quality business and stick to it, ride out the volatility which is almost inevitable as part of all investments," he said.

Samir Arora explains what may happen if there was to be a change of government in 2024

Samir Arora of Helios Capital believes that in case there was to be a change of power at the centre in 2024, the market may see a correction but gradually recover over a period of time.

“If its like 2004 where there is a change of government altogether, I think you will lose like 2004 which means 20% down on day one and then you recover over next 12-18 months, but the probability of that, I do not know how to calculate but I would think no more than 5-7-10%. But if it happens, yes, the market will fall you cannot immediately discount absolute surprises and then people will have to adjust but that is what happened in 2004 also and then life moves on, we have seen market move on with wars and elections, but initially for 3-6-9 months it will be a negative performance for sure," Arora told CNBC-TV18 in a special interaction on the Muhurat trading session for Samvat 2080.

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