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If you are eyeing the bull in 2017 and have a fully funded emergency account, you are all set to invest in the stock market. You might be fully charged up. Having read online guides to become a millionaire, you might have learnt that investing in stocks is the quickest way to be rich. 
However you aren’t that confident unless you know about the nitty gritty of investments. 
 Fret not, for <keyword id="330196" type="PERSON" weightage="20" keywordseo="Santosh-Nair">Santosh Nair</keyword> has debunked your fear about stock markets in his new book ‘Bulls, Bears and Other Beasts: A Story of the Indian Stock Market’. Published by <keyword id="664635" type="UNKNOWN" weightage="20" keywordseo="Pan-Macmillan-India">Pan Macmillan India</keyword>, this is a comprehensive account of the stock market over the last 25 years. It tells you what to watch out for while investing. It also looks at policies that the government needs to revise if the country is to harness domestic capital more effectively. 
 <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> in an exclusive interview with <keyword id="6357049" type="PERSON" weightage="20" keywordseo="Nair">Nair</keyword> finds out what to watch out for when investing in the Indian stock market. 
 
What is Indian stock market all about? 
It’s definitely one of the best places to grow your wealth. Only thing is that you need to be a little patient. The basic misconception about stock market is that you can make money very quickly. However they don’t do their homework well and later on start thinking that system has cheated on them. The system does have its shortcomings. But if you are patient enough and willing to work hard, the stock market is a very good place to grow your wealth. 
 
How to start investing? 
If you don’t want to take much risk, then equity is a very good way. However, if you plan to invest in stocks directly, you need to do a lot of homework. But, you should also be prepared to accept losses. It’s not always that you win. Big industrialists buy stocks in large amounts from different sectors. So even if one flunks, there is the profit of others to back you up. It’s better to invest in a company or industry where in you have a decent understanding about how it works as opposed to companies and industries, you absolutely know nothing about. 
 
<keyword id="6484188" type="CITY" weightage="20" keywordseo="Sensex">Sensex</keyword> and <keyword id="6354646" type="CITY" weightage="20" keywordseo="NSE">NSE</keyword> are different. For an ordinary person how do you define it? Also how do you position Indian market with developed markets? 
 Indian stock market has done well because the country is the fastest growing economy in the world. Sensex and <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="nifty">NIFTY</keyword> are indices comprising of a number of companies. <keyword id="3983529" type="UNKNOWN" weightage="20" keywordseo="so-sensex">So Sensex</keyword> comprises of 30 companies and NIFTY is 50. It may happen that the index, either NIFTY or Sensex is up, but the stocks you have invested in aren’t. Conversely, the index may be down but the stocks you have invested in are getting you fair returns. A lot of things boil down to the stocks in your portfolio. If there is a report about an index going up by 30%, it’s not necessary that all stocks in that index would go up. If you are investing directly in the market, you should be a little more careful about the companies in the market. It might be that the market has come crashing down, but that doesn’t mean that stocks are cheap. There will always be companies, which have fallen 30-40%, but after the fall they would still be expensive. 
 
Most regular people who invest in retail, get confused between price and value of stocks. Big investors don’t commit these mistakes. It’s like you buy land and you pay a price on the basis of its value. Some years later, this plot gets connected to the main road or metro and the value goes up, so does the price. 
 
Talking about retail stock investors, they would buy stocks that are cheap. For say a stock costs Rs 5, they would go for it and not the one that is expensive, because the chance of Rs 5 stock to become Rs 10 is much probable than the expensive ones. 
 
How should one invest in crisis laden companies, something like <keyword id="6360721" type="COMPANY" weightage="20" keywordseo="Tatas">Tatas</keyword> is going through at present? 
 Most of the times, these kind of incidents are triggered by sentiments. There will be some kind of development and the market would react to that. It’s neither a knee jerk reaction nor a well thought one. In case of <keyword id="10958" type="CITY" weightage="20" keywordseo="Satyam">Satyam</keyword>, there was a fraud. The company never made as much money as it claimed to be. Now for this company to regain the faith of investors was impossible. For companies, where there is a labour unrest or failure of a product, initially the stocks fall and sentiments turn negative but over longer period, it regains. There is a brisk market reaction. By and large, investments shouldn’t be a result of panic. 
 
The amount of profit you make at the stock market is directly proportional to the amount of risk you are willing to take. 
 
Why did you write the book? 
 
I have been tracking the market for two decades. When you meet people outside the stock market, most people don’t have any idea about how the system of stock market works. It’s very interesting. They have their own notion, which isn’t always right. There is also a good history of the market, which hasn’t been recorded anywhere – like how the evolution happened and how the changes took place over the last few years. So, I thought this could be a good book that explains, educates and entertains. 
 
I have pitched it as a kind of history book. Then when I was writing the book, I thought it would be better if it is narrated by somebody. So, I included my personal experiences of brokers and investors to make it a fun read. 
 
There are various stories, which you have spoken from a close perspective. Which story do you think aptly describes the stock market? 
Compared to the 80s and 90s, Indian stock market has grown to be a far safer place now. It’s far more transparent as far as the ordinary investor is concerned. You have access to information better than before. But having said that it’s far more difficult to make play for an outside game. 
 
Is there anything you thought you should have mentioned but skipped out? 
There are quite a few anecdotes. It’s generally felt that some of the individual investors or market operators as we call them are the sharpest. But even they have been taken for a ride by the promoters. It’s not that all big investors know everything. There are many stocks where they lose. It’s not because of their error or judgement, rather they were provoked by these promoters.

Beginners’s guide to becoming the Wolf of the Indian ‘Wall Street’

<ul class="summary-list"><li>A ball kid had to leave <keyword id="6437049" type="LOCATION" weightage="60" keywordseo="wimbledon">Wimbledon</keyword> on a stretcher after slipping on the grass while getting a ball.</li><li>The girl's fall was the latest in a line of injuries at Wimbledon this year seemingly caused by slippy grass.</li><li><keyword id="45035" type="PERSON" weightage="60" keywordseo="Serena-Williams">Serena Williams</keyword> is the highest-profile casualty, retiring hurt in the first round after slipping.</li></ul>A Wimbledon ball kid became the latest victim of the Grand Slam's slippery courts, falling and injuring herself while retrieving a ball during a mixed doubles match Friday, eventually leaving the court on a stretcher.The girl was on duty as Sam Murray Sharan and Divij Sharan took on Ariel Behar and Galina Voskobeova in the first round of the mixed doubles draw.She slipped on the grass while retrieving a ball and had to be seen on court by medical professionals. When she fell, she screamed in pain and the players and officials rushed to help her.It is the latest in a long line of controversial incidents at this year's championships with <a href="https://www.insider.com/video-serena-williams-ankle-injury-fall-retires-wimbledon-2021-2021-6">Serena Williams having to retire hurt</a> in her first round tie against Aliaksandra Sasnovich after slipping on the surface.Willaims said she was "heartbroken" to have to retire following the incident.In the previous match on the same court, Adrian Mannarino also had to retire after he fell on the Centre Court grass, while Nick Kyrgios also slipped in his first round match, but was able to continue.In response, The All England Club, which organizes the championships, said that the grass was slippier than usual due to the wettest start to the tournament in almost a decade. It said the two opening days of rain led to additional moisture on the court which explains why players are slipping more than usual.<a href="https://www.insider.com/wimbledon-roger-federer-novak-djokovic-concerns-over-slippy-centre-court-2021-6">Previous Wimbledon champions Roger Federer, Novak Djokovic and Andy Murray all voiced their concerns with the former saying players had to be "very, very careful out there."</a>

A Wimbledon ball kid was injured and had to be taken away on a stretcher after slipping while grabbing a ball

By Amanpreet Singh New Delhi, Apr 14 () India's tennis players -- both current and former -- are not just counting financial losses as they cope with the fallout of the COVID-19 pandemic. What worries them equally is the time lost and a future which is hazy right now. The closure of the Pro Tour means that doubles exponent Purav Raja is set to lose at least USD 50,000 in this lockdown period, according to his own assessment. Prajnesh Gunneswaran, Jeevan Nedunchezhiyan and Divij Sharan can't exactly tell how much they would lose but considering the fact that they are consistently in contention to be in Grand Slam main draws, the massive financial hit is not difficult to assess. Former Davis Cup captain and one of the greatest Indian tennis players Mahesh Bhupathi says the need of the hour is to "keep the ecosystem alive". "It has to be kept alive. The players, coaches, markers even ball boys in clubs. Lawn Tennis Association (LTA) and FFT (French Tennis Federation) have announced packages but they have lots of money," Bhupathi told . This is exactly what Davis Cup coach Zeeshan Ali, Fed Cup captain Vishal Uppal and another India coach Ashutosh Singh are doing. They all run academies and have not stopped the salaries of their respective coaches, taking a hit that runs into lakhs. There are 3827 certified coaches in India and around 10,000 Assistant coaches. There would be thousands others who are not registered with AITA but attached with at least 2000 academies across the country. "Your values reflect in crisis. We are tennis servants. We have been associated with the game for so long. Definitely, it's a hit that we are taking but you can't ditch people who have been loyal to you," said Ashutosh, who runs a private academy at DLTA. Ashutosh has five coaches and has committed to pay their salary without any cut. Similarly, Zeeshan who runs an academy in Bengaluru with a staff of 12, has been paying salaries to his coaches, "We are not in a industry where we can work from home and earn. We have outstation coaches and we gave them the option to go back if they wanted. We are paying them and hope to continue to pay them but can we afford to pay them indefinitely?," he asked. Uppal, who has a staff of 14, pays about Rs 4.5 lakh a month in salaries. He says they have not stopped payments but fears once the lockdown is over, parents may not send all the kids back. "We have to see how many players comeback. Sports is still largely a recreational activity in India. It's not a necessity. They won't stop paying school fee but sports is extra-curricular activity. In case there are job losses, sport will suffer," he warns. Uppal said the government needs to take some drastic steps to revive tennis and other sports in the country. "There will be economic chaos. The government has to abolish GST on sports and bring it under education. We are also imparting knowledge. There is 18 percent GST on on academies, it's unfair." The players feel the national federation now must stand up to offer support. "The long shutdown will definitely impact all of us. We have a limited career span as a sportsperson, so this break definitely takes away from that. A lot of the national federations have pledged support to their players," Divij Sharan told from England. "AITA has said it will formulate a plan to support the Indian players. We will all be waiting to hear more about this and hope it can alleviate some of the financial pressure that the players are facing." Prajnesh said no travel means no cost to players but there are other expenditures involved. "It definitely has financial impact for the players. Especially the ones who have constant expenses for example an annual commitment for coaching etc. Most players outside of 150 in India are spending money and not making money. Since most players in India are outside that ranking, they really aren't spending any more than they did before the lockdown." "The main downside in my opinion is that players lose time, so one cannot improve and get to a place where tennis helps them earn a living." Jeevan Nedunchehiyan said the way forward is forming a players' council which works in tandem with AITA. "With the ATP tour on hold I won't be making any income until we can compete again which is why I think it would be great for the players to step up , create a players' council which works with AITA to better the Indian tour," he said. India's top woman singles player Ankita Raina says AITA's role starts only once some normalcy resumes. "I think they should start region wise prize money national ranking tournaments. This will be an opportunity for strengthening our national circuit and it will cut down travel, at the same time keep players in match zone. "Plan for next year to conduct more international level tournaments in India so that Indians are in a position to earn more since travel and other expenses will be lesser in India than abroad," she said. AT PM PM

You Searched For "Divij Sharan" and got 3 results

Beginners’s guide to becoming the Wolf of the Indian ‘Wall Street’

Debdatta

Suchayan

A Wimbledon ball kid was injured and had to be taken away on a stretcher after slipping while grabbing a ball

Sam Cooper

Not just money, we are losing time too: Indian tennis players talk about COVID-19 fallout

PTI