Archive · 19 Dec 2025
Shankar Sharma's Market Truth: Pleasure Brings Pain
Shankar Sharma, a well-known market expert, recently shared a post on X (formerly Twitter) about an important truth in the stock market.
He said that what brings the most joy in the market eventually leads to the most pain.
This idea resonated with many investors, especially those who invest in small-cap stocks, which can give high returns but also cause significant losses.
Data shows that in 2025, many Indian stocks performed poorly, with nearly 2,600 stocks losing more than 10% of their value.
The BSE SmallCap index was down 10% for the year, while larger indices like the Sensex and Nifty saw gains of 8% and 9%, respectively.
Analysts like Jefferies and ICICI Securities noted that the Indian market has underperformed compared to other Asian and emerging markets.
They attributed this to economic slowdowns and a weakening rupee.
ICICI Securities also emphasized the importance of clear trade policies for better market performance.
Overall, Sharma's post and the market data highlight the ups and downs of investing in the stock market.
Shankar Sharma's post on X highlights that what brings maximum pleasure in markets eventually leads to maximum pain.
Nearly 2,600 listed stocks in India delivered negative returns exceeding 10% in 2025.
The BSE SmallCap index was down 10% for the year, while the Sensex and Nifty saw gains of 8% and 9%, respectively.
MSCI India underperformed compared to other Asian and emerging markets, with a mere 2.2% gain in dollar terms year-to-date.
Analysts attribute the underperformance to economic deceleration, rupee depreciation, and the need for trade policy clarity.
- Who
- Shankar Sharma, a market guru, and various investors and financial analysts.
- What
- Shankar Sharma's post on the inescapable truth about markets and the performance of Indian stocks in 2025.
- When
- The post was made on December 18, 2025, with data reflecting the year's market performance.
- Where
- The discussion and market performance data are related to the Indian stock market.
- Why
- Shankar Sharma's post highlights the cyclical nature of market pleasures and pains, while data shows the underperformance of Indian stocks in 2025.
- Shankar Sharma's Statement
- What gives maximum pleasure in markets eventually brings maximum pain.
- Market Performance in 2025
- Nearly 2,600 listed stocks delivered negative returns in excess of 10%.
- BSE SmallCap Index
- Down 10% for the calendar year 2025.
- Sensex and Nifty Performance
- Sensex up 8%, Nifty up 9% in 2025.
- MSCI India Performance
- Up 2.2% in dollar terms year-to-date, underperforming MSCI AC Asia Pacific ex-Japan and MSCI Emerging Markets.
- Rupee Depreciation
- Rupee depreciated 5.3% against the dollar in 2025, breaching the 90 level in December.
- Earnings Growth Estimate
- MSCI India earnings growth estimated to slow to around 10% in FY26.
- Trade Policy Clarity
- ICICI Securities notes that trade policy clarity is a dominant driver of regional equity returns.
