5 Best Books on the Indian Share Market for Beginner Investors

Books are always the most reliable source to learn a skill. The internet opens doors for new learning opportunities, but sifting through vast information to find actual knowledge is not for the weak-hearted. Books, on the other hand, are more trustworthy as they undergo rigorous editing before getting published. 

In this blog, we will recommend the best books on the Indian share market to help you get started.

Best Books on the Indian Share Market

Here are some of the best books on investing  in the Indian share market to get started for long-term wealth building:

1. Stocks to Riches by Parag Parikh

The book Stocks to Riches explores fundamental concepts like the difference between investing and trading and behavioural biases that can impact investor decisions. These include loss aversion, the sunk cost fallacy, decision paralysis, mental accounting, and herd mentality. This book equips readers to recognize these biases and navigate them for successful wealth creation.

2. How to Avoid Loss and Earn Consistently in the Stock Market by Prasenjit Paul

Often, new investors are worried about huge losses that are a possibility in the share market. It is one of the biggest deterrents for interested investors. Through this book, you will learn successful strategies to employ to benefit from the share market directly. The author gives away some of his plans for long-term success by picking the right stock and finding the right time to sell to make a huge profit. 

3. Fundamental Analysis for Investors by Raghu Palat

Long-term investment in the share market will be fruitful when you invest in the right stock. A company that is undervalued now may increase in value significantly if it is on a growth path. Finding and investing in such companies will help stock investors enjoy a huge return. This book will help you understand the importance of fundamental analysis and give you strategies for long-term success. 

4. Coffee Can Investing by Saurabh Mukherjea, Rakshit Ranjan, and Pranab Uniyal

What is better than a book written by a financial expert? A book authored by three experts! Everyone looks for low-risk ways to invest in the stock market for high returns. Coffee Can Investing provides a systematic approach to choosing high-quality stocks with revenue and profit growth. It is ideal for investors with a long horizon to build exponential wealth. 

5. Bulls, Bears, and Other Beasts by Santosh Nair

The most common terms anyone interested in the share market will hear are the bull and the bear. The share market has many ups and downs, and this book teaches you how to navigate them using exciting storytelling. Apart from learning about the evolution of the Indian share market from the late 80s, liberalisation, the Harshad Mehta Scam, the Ketan Parekh scam, and more, this book highlights everything you need to be aware of before starting your investment journey.

Conclusion 

If you are struggling to understand how to invest in stock market, the above-mentioned books can help you in many ways. Before investing, spend some time learning about the stock market to understand how geopolitical conditions, local news, market updates, etc., can influence stock price changes. Then, explore multiple investment strategies to choose one that aligns with your financial goals. Always ensure that you follow a disciplined approach so that you continue to stay invested for a long time for capital appreciation. 

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