Markets At A Glance

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 BY KAMYA JAIN


A record surge in Covid-19 infections is spooking Dalal Street once again amid weakness across global markets, as investors await the onset of the corporate earnings back home. Anticipating strong stock-specific action, analysts have made a few recommendations that they believe can help investors bag handsome returns in the coming weeks.

Stocks that may help you make money in a few weeks
  1. Alkem Labs | BUY | Target Price: Rs 3,150
  2. Indraprastha Gas (IGL) | BUY | Target Price: Rs 610
  3. HDFC | BUY | Target Price: Rs 2,690
  4. Infosys | BUY | Target Price: Rs 1,540
  5. Torrent Power | BUY | Target Price: Rs 450
Navratri is the best time to introspect and to take control of your finances. Let the auspicious festival of Navratri inspire you to turn your financial situation around. First and foremost , get yourself organised better and discipline your finances and get rid of any debts you may have. Then save your money and invest it very wisely to increase your wealth. Finally, get yourself educated financially for long-term stability and growth.

FINANCIAL LESSONS FROM NAVRATRI

Financial Mantra #1: Follow a disciplined approach

Planning your finances is not a magic solution. Nor will it resolve all your money issues instantly. Just as you follow a disciplined approach of fasting and abstinence during Navratri, so should you follow a disciplined and organised approach in all your financial matters. One of the best ways to enforce financial discipline is to invest in mutual funds through the SIP route. 

Financial Mantra #2: Stop creating debt 

Just as Goddess Durga triumphed over evil by defeating Mahisasura, you too can triumph by eliminating bad financial decisions. Prioritise your debts by eliminating all the burdensome ones. Switch to loans with lower interest rates and throw away unnecessary credit cards. 

Financial Mantra #3: Plan your expenses 

Navratri and Vijayadashami are known to be the right time for a new start. Take control and make a new start by planning your expenses in beforehand . Start budgeting. This will also make you understand how you spend your money and permit you to perform the required changes. Invest wisely so it generates a second passive income. 

Financial Mantra #4: Save for the future 

Goddess Durga fought and slew the demon Mahishasura to save the future of humanity at large. Likewise, it is necessary to slay your financial demons and save for the future events . It is imperative that you know how to live within your means and put aside some money for the ling term. It can be in the form of fixed deposits, some kind of emergency fund, or other investments. 

Financial Mantra #5: Invest in yourself 

Just as the lamp lit in front of the Goddess represents eternal divine power, you should focus on your inner power and invest in yourself. Take a health cover, get life insurance, do proper retirement planning. You can also look at improving your skills for better career prospects. There is no right time to invest; invest as early as you possibly can.