JK Rowling rightly says,”‘I do believe something magical can happen when you read a book.” And what if this magic can reap you great profits? The stock market is still misunderstood as a very difficult thing to learn. Where on the contrary, some best stock market books by Indian authors can prove it wrong.
For the Indian audience, some readers like to understand the basics of Share Market in Hindi while others in the English language too. Makes little difference though, but there needs to be a decent supply of knowledge across languages too.
The stock market has the potential to not just be a part of your passive income but also function as a source of active income. All this can be attained when you learn and then begin. In this article, let us have a look at some of the most helpful stock market books, after all, nothing can beat the learnings of a good book.
So let’s begin!
Best Stock Market Books by Indian Authors For Beginners
There are a plethora of books to learn stock market. You can pick and choose the one of the best stock market books according to your requirements. Every book is a new learning and enhances the chances of making great profits. But when you are entering the Indian stock market, it is always beneficial to read the first-hand experiences of the people indulged and known to the Indian market.
When there are several authors writing about the stock market, there are some specific Indian authors that have made the Indian stock market a cakewalk for their readers.
Let us have a look at some of the most popular and best books written by Indian authors for their Indian audience.
1. Stocks to Riches by Parag Parikh
“Life is all about doing something to reap benefits in the future. So all of us are in the investment game.”
This one line from the book pretty much defines the crux of the entire book. Written by Parag Parikh, a successful entrepreneur, this book also works in the direction of motivating middle-class Indian families to invest their money in the stock market.
Parag Parikh started his stock market journey as a stockbroker and all these experiences are carefully jotted down in his book.
He not only talks about how beginners can enter the stock market but also writes about strategies and techniques for seasoned investors. The author majorly focuses on investing and reaping benefits from long-term investments. He lays the emphasis on investors’ psychology and how it can help other stock market enthusiasts.
Apart from this, he also talks about fundamental concepts, decision-making, and elaborates everything with real-life experiences. In his book, he has tried to portray the stock market with its detailed reality.
If you are a beginner and also an experienced trader, this book is a must-read for you.
2. How to avoid loss and earn consistently in the stock market – Prasenjit Paul
A major chunk of individuals want to learn how to earn money from the stock market but very few actually ponder on how to reduce the losses. Prasenjit Paul in his book talks about the most important aspect of the trading journey and guides the users on how they can avoid losses to maximize their profits.
Prasenjit Paul who is himself an experienced stock market investor talks about his real-life experiences and guides all the beginner as well as experienced traders to excel in their journeys.
He focuses on how important it is to invest in the right stock and at the right time to make a good fortune in the future. The book in a very simple and easy-to-understand language delivers a great knowledge of fundamental analysis and how the investors can make the best out of the same.
Not only about how to select stocks for a better portfolio, but he also talks about how to buy and sell stocks to earn the most out of them.
The book ends with a note about the author and his experiences and lessons in the stock market.
3. Bulls, Bears and Other Beasts – Santosh Nair
Are you also fond of history and historical events that fascinate you? Then this book is a perfect match for you. Santosh Nair very interestingly takes you on a ride in the past and uncovers the fact of the Indian Stock market after the liberalization of the country.
He talks about first-hand experiences involving money laundering scams, the major market crashes, and how the technology changed it all for the Indian stock market.
It is a great stock market book by an Indian author because unravelling the past, delivers some very important messages for the future.
Not only this but with a compilation of experiences of more than 25 years, it talks about the things that a smart investor should keep in mind to make the best out of it. In addition to this, it also talks about the various government policies and if there is a need to revise some of them.
So, for people looking to analyze the history and also the financial happenings of the country, this book is a must-read.
4. Guide To Indian Stock Market- Jitendra Gala
A lot of people fear entering the stock market because they are scared that they will lose money. To be honest, this is a valid concern. One of the major reasons for beginners suffering from high losses is the lack of knowledge. But what if you brush your skills and knowledge before entering the stock market? It would not only minimize your losses but also maximize your profits.
Guide to Indian Stock Market by Jitendra Gala is a guiding light for beginners. The book builds the concepts right from the scratch and talks about savings and the need for investments. It further talks about the various investment options available for an individual and what pros and cons it comes along with.
This not only gives the beginners a clear idea about investments but also a choice to pick the right one for themselves.
It also develops confidence in the investors by familiarizing them with the dos and don’ts of the Indian stock market. It goes on to talk about the basics of fundamental and technical analysis which are the two most important concepts in the stock market.
So, if you are a beginner and want to start learning right from scratch, this book is a perfect read for you.
5. Fundamental Analysis for investors by Raghu Palat
What is the basic thing that a dedicated and long-term investor should keep in mind? The correct way to do fundamental analysis. The book by Raghu Palat who is a banker by profession talks all about the fundamental analysis, how to do it, and how is it beneficial for investors.
The book takes illustrations into context and uses them to explain the general ratios, economic factors, company analysis, and other parts of fundamental analysis to the readers.
Raghu Palat with his book withdraws attention from random tips and advises and makes the readers self-sufficient. The reader can learn how to pick stock by looking at the ratios, the company’s background, and also the intrinsic value of a share.
All this gives an investor a boost of confidence and helps him/her in making the right decision. So if you are a serious and long-term investor in the stock market, this book can make you invest like a pro.
6. Coffee Can Investing by Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal
When you want to invest and then hold the shares for a longer period of time, it is called coffee can investing. It is basically buying a stock and then forgetting about it. Saurabh Mukherjee has tried to adapt to the same approach and weave his experiences and advice in this book.
He talks about how people can avoid making just 10-12 per cent return per annum and multiply the outcome by just switching their strategies. It is always beneficial to pick high-quality stocks with a low range of risk. This helps the investor to multiply the compound interest and earn over a longer period.
He has delivered great returns to the clients of his company Ambit Capital by using this strategy. He puts in the book his real-life experiences and how people can use them for their own benefit.
You should definitely read it if you are planning to generate great profits by taking minimum risks and investing for a longer time.
7. How To Make Money In Intraday Trading by Ashwani Gujral & Rachana A. Vaidya
Another book in the list of best stock market books by Indian authors is by one of the most famous analysts of the stock market and a successful trader. Ashwani Gujral does not use sugar-coated words and portrays the stock market in a false light. Rather, he uses humour and his own style to put the realistic picture and expectations of the stock market at the forefront.
For those who wants to develop the right approach can begin learning with this stock market strategy book. The book talks about the 3Ms of the stock market, namely, money management, method, and mindset. When all these three are in sync, you are ready to face the challenges of the stock market and make great profits.
The book comprises more than 200 examples from the real stock market and various charts. These not only tell you what to do while trading but also things to avoid when you are trading.
With the author’s own expertise and experience, this book is a must-read for anyone who is looking to make profits with trading. It is also recommended that you read some trading psychology books to ensure that you become a successful trader.
No matter how digital the world goes, there will never be a replacement for a good book. And what is better than understanding the Indian stock market with the best Indian stock market authors? You can easily learn stock market with the top seven best stock market books by Indian authors listed above.
These books will not only help you in understanding and entering the stock market but will also teach you how to make the best out of it.
So why wait, start learning today!
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