The Indian stock markets snapped their winning streak to end the week in the red. Benchmark indices along with sectoral indices witnessed selling pressure as investors booked profits after a significant gain in stocks over the past few weeks. Favourable inflation data from last week failed to lift investor sentiment as global stock market cues remained weak.
Anyway, before further going into markets update, let’s learn about the beginning of the Aviation sector in the country.
Matter of Fact
Tata Airlines – founded by J. R. D. Tata of Tata Sons – an Indian aviator and business tycoon was India’s first air service flight and went on to become the pioneer of civil aviation in the country.
Later on, Tata Airlines went on to become a commercial flight which was eventually nationalised and renamed to… take a guess? Air India! Yes, Air India was initially under the ownership of the Tatas and was called Tata Airlines.
India’s wholesale prices rose by 2.03% in January 2021 when compared to the same period last year. This was mainly on account of a rise in manufactured products cost which rose by about 5%.
India’s trade deficit, which is the difference between a country’s imports and exports, narrowed to $14.54 billion in January 2021, from $15.30 billion in the same month last year.
Foreign Exchange Reserves in India decreased to $583.70 billion on February 12 from $583.95 billion in the previous week.
Buy Low, Sell High: Can Markets Be Timed?
Actively managing money isn’t everyone’s forte. Professionals spend years learning the art, and even then most active money managers largely fail to beat the market. Investors have explored various ‘tricks’ and strategies to make a quick buck out of the market, but have more often than not, failed.
Investors have always been curious as to whether they can time the market – that is, buy when stock prices are low and sell them when they are high. We took a systematic approach to analyse whether it is possible to do so successfully. Read about it, here.
Geospatial Data: Unlocking Value via Maps
And that’s a wrap for this week. Until next time… happy investing!