- As per market veteran, your portfolio is more than just stocks and mutual funds. It includes real estate, gold, silver, FDs, bonds, cash, business ownership and other assets. Net worth is the sum of everything you own. Booking profits from one asset class does not reduce wealth if it helps achieve life goals. Net worth is what you own, portfolio is where you own it and life is why you own it.
- As per market veteran, wisdom for wealth creation. Investors often ask what Nifty will do tomorrow, but the real focus should be on the portfolio, not the index. If the businesses you own continue to grow earnings, generate cash and improve intrinsic value, short-term market movements matter less. Great investors focus on business quality, earnings growth, cash flow and competitive advantages rather than headlines and predictions. Wealth is created by owning strong businesses for long periods. The index is the crowd’s report card; your portfolio is your personal report card. Nowadays, what not to buy is often more important than what to buy.
- Big negative for Indian economy: Weak monsoon conditions persist with rainfall deficit around 40% till 20th June due to El Niño-like impact. Disruption in moisture-laden wind patterns from both Arabian Sea and Bay of Bengal is affecting rainfall distribution across multiple states. Prolonged deficit may impact agriculture output, rural demand, industrial supply chains and inflation trajectory, posing broader macroeconomic risks if conditions do not improve soon.
- Reiterated geopolitical risk: US–Iran peace process remains suspended amid escalating Israel–Lebanon conflict, rising casualties, and heightened rhetoric, further increasing uncertainty in global crude oil and commodity markets.
- Nifty 50 closed at 24013 with key technical levels: 20 DMA at 23632, 50 DMA at 23845, 100 DMA at 24210, and 200 DMA at 24897. Bank Nifty closed at 57686 with 20 DMA at 55398, 50 DMA at 55287, 100 DMA at 56447, and 200 DMA at 57043. Markets are trading in a technically sensitive zone where global triggers can drive sharp volatility.
- BSE has launched the Saatvik 100 Index, India’s first ethical/value-based benchmark. The index screens companies based on socially responsible and value-based criteria, excluding sectors like alcohol, tobacco, gambling, and weapons-related businesses, aiming to cater to investors focused on principled investing frameworks.
