As India and the rest of the world observe International Yoga Day on Wednesday, ace investor Vijay Kedia likened stock market investing to yoga where mind, body and soul must be aligned. He advised investors to find their purpose while remaining calm at all times.
“Investing is like yoga. Mind, body and soul have to align together. This alignment is very important. Your calmness and your perspective is necessary. Never get excited when the value of your shares appreciates. Similarly, never get depressed when your shares value drops,” Kedia said while speaking to ETNow Swadesh.
“I feel that companies that are technically sound and are involved in R&D in ancillary will survive,” the Managing Director of Kedia Securities said.
Indian frontline indices S&P BSE Sensex and Nifty50 traded range bound on Wednesday. The Sensex hit an all-time high of 63,588.31. The broader Nifty50 was trading at 18,824.75 around 12 pm.
Commenting on the feat, Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Company tweeted, “The markets crossed all-time high on the International Yoga Day. May be there is a happy coincidence. In yoga, focus is on inside rather than outside world. In market also investor should focus on his/her goal rather than index level. In yoga, benefits compound over a period of time. In the market, long-term compounding is immensely beneficial. Recommend investors to maintain disciplined asset allocation and long-term investment horizon. Everyday market can’t be at all time high level. Do remember sitaro se aagen jahan aur bhai hai”.
He also had a piece of advice for investors and traders. “In some sense for investors, it is the Shavasana where you are just sitting doing nothing and enjoying the ride. And for traders, it is the Sirsasana if you are short on the market,” Shah told ETNow while responding to a question on which asana the current market trends point to.
According to Shah, the best asana considering the current trends is to stay invested for a long-term growth story.