"Reading is the gateway skill that makes all other learning possible."
Barack Obama
The words said by Barack Obama are very apt, if you know how to read you can learn anything in which your mind is set. Entering a new field can be very daunting if you don’t know a thing about it.
Stock market is like a big game with its own rules. When an individual starts to enter this world, he needs to have the full knowledge on how the stock market works and what are the rules that should be followed.
Finding a book that explains the Indian stock market is like picking out the best diamond from others. There are plenty of books written about the stock market for beginners but a few that have the Indian Stock Market as context.
We have provided a list of 10 best stock market books written by the Indian authors. These books are written by some well known authors that have been trading in the stock market a long time. These books will teach you the basics of the market along with the psychology on investing.
| Author | Parag Parikh |
| Year | 2005 |
| Pages | 132 |
| Rating (Goodreads) | 4/5 |
Parag Parikh was the founder chairman of Parag Parikh Financial Advisory Services Limited (PPFAS) and a keen believer in nurturing of one an individual’s physical, social, spiritual and mental side. His book Stocks to Riches starts with a conversation between a family on investing where everyone had a different view but they don’t know the exact meaning of investing in markets.
The book then goes on to describing What Is Investing and what are the different ways to invest. This book also describes the psychology of investing and how our emotions can change the decisions we make. This book also discusses Mutual Funds, the stock market bubble and why a person should invest.
| Author | Prasenjit Paul |
| Year | 2015 |
| Pages | 242 |
| Rating (Goodreads) | 4.4/5 |
Prasenjit Paul says in his book that he wrote it to help small investors and for those who want to start in the investing field. He has also described some of the incidents that happened to him.
This book is different from the other books as the name suggests that it tells us the ways to avoid loss and the mistakes that can happen while investing.
The idea of this book is to simplify the subject of stock market in simple and easy to understand language. By using examples and real-life incidents this book has explained a lot.
| Author | Santosh Nair |
| Year | 2016 |
| Pages | 395 |
| Rating (Goodreads) | 4.4/5 |
This book follows the story of Lalchand Gupta how his parents came from Jaipur to get settled in Mumbai after a tough time and it follows his story as to how he became an investor.
It covers as to changes in the Dalal Street after the Liberalization policy of 1991 and the how the investors were affected after the scams that took place during that time. This book also covers the changing shape of the stock market with digitalization and new regulations.
Santosh Nair has been a part of the financial world in India for more than 25 years and has worked with Business Standard, The Economic Times, Moneycontrol and is now working as an editor at CNBC TV18.
| Author | Jitendra Gala |
| Year | 2007 |
| Pages | 272 |
| Rating (Goodreads) | 3.7/5 |
Jitendra Gala’s Guide to Indian stock market is the best book for beginners who are stepping into the financial world for the first time and has absolutely no knowledge about it.
This book explains various terms that are relevant in trading in a very simple language that a layman can understand.
It also covers topics such as how the stock market works, the importance of saving and investing and many other topics that will explain all you need to know about the stock market before stepping your foot in it.
| Author | Raghu Palat |
| Year | 1994 1st edition 2015 4th edition |
| Pages | 192 |
| Rating (Goodreads) | 3.5/5 |
Raghu Palat has held many senior positions in various banks across the globe and has written more than 40 books regarding investment, banking, etc.
At present he is a consultant of banks and manages a finance portal called the bankingrules.com.
For anyone to invest in a company he needs to know about what is the company’s standing in the market. This book does exactly that, it teaches us how to analyze a company, its management, important ratios, annual reports, etc.
This book also helps to learn about calculating intrinsic value of stock which helps investor in knowing whether a stock is undervalued or overvalued.
| Author | Saurabh Mukherjea, Rakshit Ranjan, Pranab Uniyal |
| Year | 2018 |
| Pages | 288 |
| Rating (Goodreads) | 4/5 |
Coffee can investing is a term that originated in the United States, it means that you buy a stock with intention of keeping it for decades almost like forgetting about it – the buy and forget principle. In past people in West America used to keep their valuables in coffee cans and then they forgot about it.
This book follows the same thought and advices people to hold a strong stock with great potential for a long period of time.
Saurabh Mukherjea is the former CEO of Ambit Capital and has been an important part of its rising. At present he is the founder and chief investment officer of Marcellus Investment.
| Author | Ashwani Gujral, Rachana A. Vaidya |
| Year | 2018 |
| Pages | 328 |
| Rating (Goodreads) | 4/5 |
Ashwani Gujral is one of the famous Market analysts and trading expert who is also a commentator at the business channel of CNBC TV18. He has written 2 books earlier and various articles for US specialized magazines and journals.
Rachana A. Vaidya is a full-time independent trader on the Dalal Street along with several financial market certifications and experience in the corporate world for nearly a decade.
The first line in the book says, “A master class on making money in day trading by one of India’s most famous traders.” In this book Gujral revealed his daily strategies in trading and his tested methods with the help of approx. 200 real examples that can be used easily in real world.
| Author | Balkrishna M. Sadekar |
| Year | 2011 |
| Pages | 201 |
| Rating (Goodreads) | 4.4/5 |
Balkrishna M. Sadekar is founder of Profitable Candlestick Charts LLC which is an educational company that teaches the traders on how to use the candlestick charts. There are only a few books on candlestick charting this being one of the rare that is based on the Indian Stock Market.
Candlestick simply means predicting price change on the basis of past performance. In this book the author has tried to explain all the major candle signals along with describing that if an individual has the right knowledge on how to read a candle chart, he can use the candlestick chart to invest in more profitable venture.
| Author | Rahul Saraogi |
| Year | 2014 |
| Pages | 176 |
| Rating (Goodreads) | 3.6/5 |
Rahul Saraogi is the Founder and Managing Director of Atyant Capital Advisors. This book acts as a guide for people investing in India (Indians as well as foreigners) and help them understand the dynamics that prevail in India since ancient times.
It also explains how the economy works in India and what are the different aspects that constitute the Indian economy whether it be agriculture, banking, policies by the government or the stock market.
This book is written along with the case studies about companies that either became successful or were lost somewhere along the way.
In the 1st chapter while talking about the Paternalistic society he has given the example of the Ambani family (the feud between Anil and Mukesh Ambani in 2004) and then he wrote about Tata Motors, Sahara, etc.
| Author | Mohnish Pabrai |
| Year | 2007 |
| Pages | 183 |
| Rating (Goodreads) | 4.2/5 |
Mohnish Pabrai is Managing Partner at Pabrai Investment Funds. He says that Warren Buffet inspired him to go in the field of investment. He is also the founder and CEO of Dhandho Funds and Holdings.
Dhandho is a Gujarati term that means – works that help earn money.
In his book he has discussed that Patels (Gujarati) who were in Uganda until 1972 were forced to leave the country and their journey to the US. He then writes the story of Lakshmi Mittal and Richard Branson and his own company Trains Tech (1989).
A quote used most in the book is “Heads, I win; Tails, I don’t lose much.” It simply means that if you buy a failing business at a discounted price and it doesn’t work in your way then also you don’t lose a very significant amount. He has compared entering the investing world to Abhimanyu’s fight of Chakravyuh and called it Abhimanyu’s Dilemma.
This is the list of books on finance that we have compiled for you. If you are new to the world of investing do check out the books, they are easily available on Flipkart, Amazon in Paperback as well as Kindle format.
As Warren Buffet says, “Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.”
Keep Reading! Keep Investing!
