The true beginner is the one who wants to learn before executing anything. So here we have compiled the best books on the Indian stock market for beginners. If you are serious about investing, you just landed at the right place. Before investing, you need to know more about the stock market and how it works. And all the below-mentioned books will help you to the next level of your investing or trading journey.
Let’s get started!
Top 10 Books on the Indian Stock Market for Beginners
The Intelligent Investor – Benjamin Graham
Benjamin Graham’s book on value investing is generally regarded. The book, written by Warren Buffet’s mentor and one of the finest investment counselors of the twentieth century, tries to protect potential investors from costly mistakes while also teaching them how to attain long-term investment objectives in the psychologically driven volatility. The intense knowledge given in the book smartly taught you to minimize risk and maximize gains.
This book primarily focuses on the fundamentals of value investing. It is one of the must-present books on the investor’s bookshelf. The book covers three basic concepts: investing methods for different sorts of investors, such as defensive and entrepreneurial investors, Mr. Market, and Margin of Safety. Mr. Market is an analogy that discusses the market’s shifting nature and how risk management can be learned.
The Little Book That Beats The Market – Joel Greenblatt
The book discusses the fundamental concepts of effective stock market investing in the plain and understandable language before revealing the author’s time-tested formula for automatically buying above-average firms at below-average prices. Greenblatt describes the method using 6th-grade algebra, straightforward language, and humor, despite the fact that it has been carefully tested and is a milestone in the individual and career worlds.
He demonstrates how to use his strategy to outperform both the market and professional managers. You’ll also discover why almost all private and professional investors fail and why the formula will continue to work long after everyone has discovered it.
Let’s Talk Money – Monika Halan
Monika Halan compiled the “Let’s Talk Money” in such a way that it appears to be a go-to book when it comes to the best books on the Indian stock market for beginners. To make money, we work long hours. However, regardless of our income, humans are always worried about money. Bills, rent, EMIs, children’s schooling, and the nagging fear of not being ready for our own retirement all loom in the background of our minds.
Monika Halan, India’s most reputable personal finance expert, offers you a hands-on framework for financial security. This is not a get-rich-quick guide; rather, it teaches you how to live your desired future without having a concern about making the right investment or having the right insurance.
The Warren Buffet Way – Robert G. Hagstrom
The Warren Buffett Way to Invest is a game of patience. To be a successful investment, all investors must have patience. Robert Hagstrom’s book “The Warren Buffett Way” highlights some major features of Warren Buffett’s stock market investing philosophy.
The nicest thing about The Warren Buffett Way is that the author avoids using complicated terminology, making the book accessible to everyone interested in learning about value investing. This is the best stock market book, and it will guide you through Warren Buffett’s traditional investment ideas. You can use these ways to increase your money.
One Up On Wall Street – Peter Lynch
In this book, Peter Lynch explains the many advantages that an average investor has over professionals, as well as how they can help them achieve financial success. This book covers every facet of the stock market and investment strategy. This book covers everything from how, when, and why to long-term investment strategies and more.
How to Make Money in the Market Using What You Already Know illustrates how your knowledge only can assist you in beating the pros of investing. You can find goods and services anywhere, whether it’s a store or a workplace. Before professional analysts can find these firms, you must choose which ones to invest in. More information on investing can be found here.
Trade Like A Stock Market Wizard – Mark Minervini
Mark Minervini reveals his trademarked stock market strategy SEPA in Trade Like a Stock Market Wizard, which combines meticulous risk management, self-analysis, and tenacity to deliver outsized returns in practically every market. He teaches how to choose accurate entry points while preserving capital in great detail. For triple-digit returns every time. It is one of the best books on the Indian stock market for beginners.
Minervini will show you how to attain great performance in the stock market, whether you’re just getting started or a seasoned pro. The author of market wizards very smartly and concisely mentioned about topics like technical and fundamental analysis, asset markets, and exchange-traded funds. You can call technical analysis a winning system to earn consistently and meet your financial goals. As he reveals lessons, trading truths, and precise methods gleaned from his 30-year career as one of America’s most successful stock traders, you’ll gain invaluable knowledge.
Stocks to Riches – Parag Parikh
For beginners, there are numerous books on the Indian stock market and equities investing. This is one of the greatest books for beginners interested in learning about the Indian stock market. Mr. Parag Parikh, a well-known broker, investor, and founder of the PPFAS mutual fund, penned the book. The author discussed a wide array of topics, including how the market operates, investor sentiment, brokers’ roles in the market, and investors’ behavior or their purchasing and selling decisions in the Indian share market.
He clearly expressed numerous aspects such as how the market operates, investor sentiment, brokers’ roles in the market, and how an investor interacts or makes decisions about buying and selling stocks. People will undoubtedly love reading the entire book without stopping.
Common Stocks and Uncommon Profits – Philip A. Fisher
Every reader interested in learning about the growth stock investment method will like this book. Around the same time as Benjamin Graham’s ‘The Intelligent Investor,’ this book was published. Philip A. Fisher, unlike other investors, was interested in growth stocks and pushed his readers to learn more about them.
It is one of the best books on the Indian stock market ever written, and the lessons may still be applied today. The book will teach you how to understand the type of business and how to earn from such stocks.
Bulls, Bears, And Other Beasts – Santosh Nair
In this history of the Indian stock market after liberalization, the smart and crafty Lalchand Gupta takes you on an entertaining voyage along Dalal Street. Lala has seen it all, from technology expansions and tax evasion to banks and other financial laundering; frauds and crashes to fixers and investors. You can also learn about derivate markets like the mutual fund industry. Mutual funds and index funds are crucial parts of investing in the Indian stock markets.
It offers a detailed overview of the stock market during the previous 25 years and teaches you what to look out for while investing. It also examines policies that the government should reconsider if the country is to better harness domestic capital.
Rich Dad Poor Dad – Robert Kiyosaki
Rich Dad Poor Dad tells Robert’s story of growing up with two fathers, his real father and his best friend’s wealthier father — and how both men shaped his ideas on money and investing. The book dispels the myth that being wealthy necessitates a large salary and demonstrates the distinction between working for money and having money work for you.
The author has attempted to create circumstances in which his point is that the average trader can profit from the market without being targeted by the field’s coyotes.
Many investors find investing to be perplexing, with so many alternatives that can either earn or waste wealth in financial markets. However, there are other publications on the subject that provide useful ideas and information for making effective investing plans other than the above best books on the Indian stock market for beginners. Anyone can learn how to invest in the stock market by reading any of the above books.
You can start investing and make money in stocks to make a balanced portfolio with one of the best brokers for beginners – InvestBy. The broker also helps you to understand the investment philosophy for novice investors.