Money is the epicentre around which whole economic science revolves .Money doesn’t grow own its own. It grows by investing it wisely and safely in various financial instruments known as Value Creation. That is why people wants to keep on adding the sources of generating money directly or indirectly. Stock Market is a one of such open platform where people trade and invest in a barrier free market in the form of shares, bonds, debentures, derivatives, commodity etc. This sector is one the major driving force of the economic development. This year this sector felt a short term disruptive impact due to occurrence of the unfortunate global pandemic – COVID’19.
RISING VOLUME OF TRADE AND TRADING ACCOUNTS
COVID’19 situation caused fall in top indices attracting new investors’ attention to take advantage of the downturn of the market as there has been significant rise in the number of trading accounts as well as the volume of trades taking place in the market. In 2020, according to data released by CDSL (Central depository services limited) nearly 1.2 million of new Demat account got registered during the month of March and April under the situation of nationwide lockdown. SEBI states that there has been an increase of 22% in the number of new Demat and trading accounts in comparison to 2019. This indicates that more and more people have seen this market with high potentials and as an opportunity to add to some new skills which will generate them an additional source of income as well. In this situation when economic activities are at a standstill, people are trying their hands on some new skills as well as digging out their hobbies which were lost somewhere in the rat race.
ADDING UP TO NEW SKILLS WHLIE WORKING FROM HOME
Work from home has allowed people to start something new and also the rapid decline in prices allowed them to invest easily with the perceptions that they will be able to add some quality stocks currently trading lower than their valuation with the hope of a strong rebound of the market as situation start turning back to normal. One of the main feature of the share market its volatility, which is encouraging people to enter this market, gain knowledge and build up a diversified portfolio today as a future advantage. 5 years or 10 years down the line, current unfortunate happenings can prove to be a golden opportunity to invest today. Digital platforms like zerodha, Upstox etc. have smoothened this process for new entrants in the market with an interactive and easy to use platforms.
HEALTH ALWAYS BEING THE REAL WEALTH
Above all this as a responsible citizens it’s our duty to comply with responsibilities of our part to protect the spread of this pandemic by undertaking proper safety measures and cooperating with the society. Safeguarding our investment is important but above this we should also be aware about activities helping us in safeguarding our life first. As health is a real wealth.