Wise Investing

 Six investment myths/mistakes you should ignore    When you are a new investor, you must ensure to avoid falling into the trap of investment myths that swirl all around us. Let us find out what those myths are    As a new investor, when you ask about good market strategies, the experts may give you several ‘truisms’, which may not actually be true. So, you should be quite careful as you begin your investment journey. In fact, what perhaps you believed to be the key tenets of the investment may turn out to be investment myths.    Let us shed light on the six investment myths that you must ignore:    1. Waiting for the market to fall before investing: It is often believed that investors should buy the stocks at the right time when they are trading lower. Although this is an ideal thing to do, sadly no one knows the right time. So, if the stock you want to buy is available at the right price, you may buy it. If you wait too long, you may not ge...

 What is US dollar index? The US dollar index is used to measure the value of US dollar against a basket of six major worth currencies of the US’ significant trading partners. These currencies are Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. The value of the index an indication of the dollar’s value in global markets. A higher reading means a stronger dollar.  The dollar index was established in 1973 after the Bretton Woods Agreement dissolved with a base of 100.  The Euro makes almost 57.6 percent of the basket and is the largest component of the index followed by Japanese Yen with 13.6 percent. GB Pound has 11.9 percent weightage, Canadian dollar 9.1 percent, Swedish Krona 4.2 percent and Swiss Franc has 3.6 percent weightage. How does it affect Indian markets? The Indian rupee (INR) is not included in the basket of currencies in the dollar index However, any change in the index has an impact on the rupee as well. The appreciation ...

Hello everyone let us understand impact of crude oil on Indian Markets  The Impact of Crude Oil Prices on Indian Stock Markets understand the impact of oil prices. A rise or fall in crude oil prices affects the prices of various commodities. An impact on the prices of commodities affects companies. The recent decline in the crude oil prices has helped improve investor sentiments in Indian markets. Here are a few points that explain the impact of crude oil prices on the Indian stock markets: Current Account Deficit (CAD) and Rupee depreciation: Every U$10/bbl increase in oil price leads to a 0.55% or 55 bps increase in the current account deficit. Crude oil is one of the most important commodities in recent time. India is one of the largest importers of oil in the world. It imports more than three-fourths of its oil needs. Therefore, a fall in the price of crude oil will have a positive impact on India’s current account deficit situation. Lower CAD will mean reduced stress on foreig...