The markets are finally correcting. Given that markets swing between extremes, they can fall more just like they rose to the peak.
I've no idea where the markets go from here, but I can tell you about the broking industry. We are seeing a massive drop in terms of both the number of traders and volumes.
Here is the trading volume chart. Across brokers, there's a more than 30% drop in activity. Combined with the true-to-market circular, we are seeing degrowth in the business for the first time since we started 15 years ago.
This drying up of volumes shows how shallow the Indian markets still are. The activity is more or less among those 1-2 crore Indians.
By the way, if this continues, the government will not make even Rs 40000 cr from STT in FY 25/26, at least 50% below the Rs 80,000 cr estimate.
There are 195 recognised countries in the world.
But, to know this fact:-- one needs to read books or go to school. At the very least: have the will to learn.
More importantly: look beyond politics.
There is a beautiful world out there.
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I had booked a flight(@vietjetair) from Hyd-SGN. And it got cancelled,which is fine. But @agoda is blaming the Airlines for not approving the monetary refund Instead we are given useless vouchers. We had booked another ticket with the same Airlines via @EaseMyTrip
@agoda No, you haven't clearly resolved the issue. And that's why I'm here, with so much frustration. People who have booked via Easymytrip have got the refund. People who have booked directly from the Airlines had got the refund. But only Agoda is scamming us. Find the proof attached.
@nishantpitti@rikantpitti
Apparently Vietjet cancelled flight from Hyderabad till 31st Dec but my service provider Ease my trip is unable to get a confirmation from airlines even after I am mailing/calling EMT customer care from 17th October.
#Vietjet#easemytrip#scam
@msdhoni The ears of a good leader must ring with the voices of the people. Yesterday, you heard us. Not the rules and regulations. No wonder you are always the best!!! β₯οΈ @ChennaiIPL#cskvsrr#IPL2019
@Sandy_Nanduri Just saw your inspiring speech regarding Tuti Sterlite Issue. Kudos for the move. Rare to See Brave Officials like you. Definitely you will be a motivation for the UPSC aspirants :) #BanSterlite
@GautamGambhir Tough choice GGβΉοΈ
Atleast hoping for the fearless cracking boundaries from you just like the good old days. We'll always support you. Keep rocking. @DelhiDaredevils#IPL2018