Best books on the Indian Stock Market for Beginners

Book is considered human beings’ best friend. So why not learn about the Indian Stock Market with your friend? In this post, I will share my personal favorite top 10 best books on the Indian Stock Market for beginners.

The importance of good books became manifold where people still think traditionally about money and finance. This is the reason that bank FD / Post office FDs/ Gold are considered great options for saving money.

The main reason is a lack of awareness about other investment options or fear of losing their hard-earned money.

However, those who are aware of money management know that people actually lose the value of their money while in the bank due to inflation. It becomes essential for us to look into other investment options to beat inflation and grow our money.

How to Learn about Stock Market?

The best way to learn to learn about the market is by veteran investors or traders who have seen ups and downs of share market. But not everybody have access to those veterans.

There are also numerous courses on share market both offline and online. While some of them are very cheap, some of the courses are very expensive. As a result, its; very confusing for a beginner to start.

This is where you can take the help of stock market books by Indian authors and clear your basics. So the next question is which book should you choose ?

Today’s blog post will explore some stock market books by Indian authors, which will help beginners learn about the stock market. The books could be classified in two types i.e. Book on Investment & Book on Stock market Trading.

Also Read: Beginner’s Guide on Investing: How to invest money for Good Return.

Here I will share my top 10 best books on Indian share market for a beginner to learn about basics of investing.

List of top 10 Best books on the Indian Stock Market.

We made a list of Top Indian Share market books in India, which is written explicitly by well-known Indian Authors and Investors. These books are for those beginners who want to start their investment and trading journey in the Indian Stock Market. So lets’ start

1.Stock to Riches by Parag Parikh

The first Indian Stock Market Book on our list is “Stock to Riches by Parag Parikh.” Mr. Late Parag Parikh was a well-known investor and trader. He taught India the concepts of Behavioral Finance very profoundly.

He was the founder and chairman of Parag Parikh Financial Advisory Services Private Limited”. The company runs a popular mutual fund scheme known as Parag Parikh Mutual Fund (PPFAS Mutual Fund)

This book is written in a very simplified language and explains various concepts very well. Some of the important concepts are:

  • Behavioral finance 
  • Loss Aversion
  • Sunk Cost Fallacy
  • Decision Paralysis
  • Mental Heuristics and Accounting

Therefore, every beginner read the book to understand behavioral finance before directly jumping into the Stock Markets. He has also written a book on Value Investing and Behavioral Finance.

2. Investonomy by Pranjal Kamra

The second most popular book on the Indian Stock Market Books list is “Investonomy by Pranjal Kamra”. 

Mr. Pranjal Kamra is the founder of Finology Ventures Private Limited. He is also a young investor and also educating about investing in the most simplified manner since early 2016. 

In this book, he focuses on educating young and all beginners who want to start investing in Stock Market. This book is a complete guide for beginners to read and understand the concepts of the Stock Market.

3. Bulls, Bears and other beasts in Market by Santosh Nair

The third popular book on the list of Indian Share Markets Books in India is “Bulls, Bears and other beasts by Santosh Nair.

Mr. Santosh Nair, although not an investor or working in the stock market, however, is a close observer of the Indian Stock Market. He worked for around 25 years as a career journalist and editor at the Economic Times and 

This book talks about a Story about the Indian Stock Market interestingly through a fictional character called Lala. Lala is a close witness to the circus of the Indian Stock Market over 27 years – from the end of 1988 till late 2015.  

Therefore, this book is a must-read for a beginner to learn about the Indian Stock Market.

4. Fundamental Analysis for Investors by Raghu Palat

The fourth popular book on the list of Stock market books by an Indian Author is “Fundamental Analysis for Investors by Raghu Palat”.

Mr. Raghu Palat is Banker and a passionate writer. He has written many books on investments, banking, and taxation.

This book wonderfully explains the concept of Fundamental Analysis. Every beginner investor must read the book to understand a company’s financial position before investing in the business.

Therefore, this book is must read for new investors who want to learn fundamental analysis and a company’s internal financial position.

5. Coffee can Investing : The Low Risk Road to Stupendous Wealth by Saurabh Mukherjee.

The fifth most popular book on the Indian Stock Market books list is “Coffee Can Investing by Saurabh Mukherjee”.

Mr. Saurabh Mukherjee is a qualified CFA, a well-known fund manager, and the founder and CEO of Marcellus Investment Manager. 

This book gives remarkable insights into how investment in well-known blue-chip companies can create wealth for investors. This book is also best for beginners who want to understand how the equity market works to generate wealth.

He has also written other books on Investing, like “Diamond in the Dust” and “The Unusual Billionaires”.

6. A Guide to Indian Stock Market by Jitendra Gala

The sixth popular book on the list of Stock Market books in India is “Guide to Indian Stock Market by Jitendra Gala”.

Mr. Jitendra Gala has been in the Indian Stock Market for the last two decades. He has ben educating people about Investing and trading through his vast experience in the Indian Share Market.

This book is a complete beginner’s guide that talks about the Basics of the Stock Market in a very simplified manner Every beginner must read the book to understands the basic stock market concepts.

Read Also : 8 Reasons why you must invest in the stock market?

7. Everything You Wanted to Know About Stock Market Investing by Network 18 Publication Pvt Ltd

The seventh popular book on the list of Indian Share Markets Books in India is “Everything you wanted to know about Stock Market Investing by Network 18″.

Network18 Publication Pvt. Ltd. is a media and entertainment company where many research analyst shares their knowledge about the Indian Stock Market.

This book is essential for newbies and all beginners who want to know about Stock Market jargon. After reading the book, you will be well versed in basic things about the Stock Market. 

8. How to make money Trading with Charts by Aswani Gujral

The eighth most popular book is “How to make money Trading with Charts by Aswani Gujral”.

Mr. Aswin Gujral is one of India’s famous market analysts and trading experts. His expertise vests in Trading and Technical Analysis. He has been actively following and trading the market for the last 15 years.

He is a Fund Manager of Aswan Gujral and actively shares his trading expertise on various TV Channels.

This book is one of the most straightforward and easily understandable books for beginners who wants to understand Technical Analysis and how charts work in trading.

9. Stock Market Wisdom by T.S. Anantharaman

The ninth popular book is “Stock Market Wisdom by T.S. Anatharaman.”

Mr. T.S. Anatharaman is a common name in the Indian Stock Market history as he played a vital role in developing Cochin Stock Exchange, serving as Vice-President. He has vast experience in Indian equity Market. 

In this book, the author explains and guides beginner investors to invest wisely. He shares about how anyone can generate wealth in the long run by investing in growth companies. This book also explains the key to multi-bagger returns.

10. How to Avoid loss & earn consistently in the Stock Market: An easy to Understand for Every Investor by Prasenjit Paul

The tenth and one of the most popular and amazon best-selling books is “How to avoid loss and Earn Consistently in Stock Market by Prasenjit Paul.”

Mr. Prasenjit Paul is the founder of Paul Assets Consultant Pvt, where he offers one-to-one private consultation and educates beginners in the stock market. He is also a SEBI registered Equity Analyst.

In this book, the author explains the importance of timing while picking the right stock and holding it for a suitable period. He also gives out successful strategies to earn consistent profit from the Indian Stock Market.

Final Thought

Anybody can create wealth or earn passive income by investing/ trading in the Stock Market. But, it requires a good understanding and knowledge of the behaviours of the Stock Market.

So before jumping into the Indian Share Market you must read some of the books on stock make investing by Indian authors to make your foundation strong. Every stock market book has its own strength and way to present the share market secrets.

Let me know in the comment which book you liked the most?


Disclaimer: The above ideas are for educational purposes only. We don’t guarantee earnings from the above methods as it is based on my personal experience. Some links on this page may contain affiliate links and we may receive a commission if you click and purchase from the links. For more detail please read our disclaimer.

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