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firstdematcourses · 1 month
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What is Intraday Trading- Meaning and Basic of Day Trading
Intraday trading, also known as day trading, refers to the practice of buying and selling financial instruments, such as stocks, within the same trading day. This means that all positions are closed before the market closes, and no trades are held overnight. The primary goal of intraday trading is to capitalize on short-term price movements in the market.
Basic Concepts of Intraday Trading
1. Key Features
No Overnight Positions: Unlike long-term investors, intraday traders do not hold any positions overnight. They enter and exit trades within the same day to avoid the risk associated with overnight market movements.
High Frequency of Trades: Intraday trading often involves a high number of trades in a single day, as traders aim to take advantage of even small price movements.
Use of Leverage: Many intraday traders use leverage to increase their buying power. While this can amplify profits, it also increases the potential for losses.
2. Market Hours
Intraday trading is conducted during regular market hours, which typically run from 9:15 AM to 3:30 PM (IST) in India. The first hour and the last hour of the trading session are usually the most volatile and provide significant trading opportunities.
3. Tools and Techniques
Technical Analysis: Intraday traders heavily rely on technical analysis to make trading decisions. This involves analyzing price charts, patterns, and technical indicators to predict future price movements.
Price Patterns: Common patterns like head and shoulders, double tops/bottoms, and triangles are used to identify potential entry and exit points.
Volume Analysis: Volume is a crucial factor in intraday trading, as it helps confirm the strength of a price movement. High volume typically indicates strong market sentiment.
4. Types of Orders
Market Order: A market order is executed immediately at the current market price. It ensures that the trade is completed quickly but doesn’t guarantee the price at which the trade will be executed.
Limit Order: A limit order specifies the price at which you want to buy or sell a stock. The trade will only be executed if the market reaches your specified price.
Stop-Loss Order: A stop-loss order is used to limit potential losses by automatically selling a stock when it reaches a certain price.
5. Strategies in Intraday Trading
Scalping: This strategy involves making numerous trades to capture small price movements. Scalpers aim for small profits on each trade but make many trades throughout the day.
Momentum Trading: Traders buy stocks that are moving strongly in one direction, often due to news or strong market sentiment, and aim to sell them before the momentum fades.
Breakout Trading: This strategy focuses on stocks that break through significant price levels, such as support or resistance levels, with the expectation that the price will continue in that direction.
Advantages of Intraday Trading
Potential for Quick Profits: The high volatility and frequent price movements in intraday trading provide opportunities to make quick profits.
No Overnight Risk: By closing all positions before the market closes, intraday traders avoid the risk of adverse overnight news or events that could impact the market.
Disadvantages of Intraday Trading
High Risk: The potential for quick profits comes with high risk, especially when using leverage. Prices can move against you quickly, leading to significant losses.
Requires Constant Monitoring: Intraday trading requires constant attention and quick decision-making, which can be stressful and time-consuming.
Who Should Consider Intraday Trading?
Intraday trading is suitable for individuals who:
Have a deep understanding of the market and technical analysis.
Are comfortable with taking on higher risks for the potential of quick profits.
Can dedicate time to monitor the market throughout the trading day.
Possess the discipline to stick to a trading plan and manage emotions effectively.
Conclusion
Intraday trading can be a lucrative but challenging activity. It requires a solid understanding of market dynamics, share market technical analysis and strict risk management. While it offers the potential for quick profits, it also carries significant risks, making it essential for traders to approach it with caution and a well-thought-out strategy.
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shivani223 · 8 months
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stocksupdates · 1 year
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A Comprehensive Guide to Choosing the Best Book for Intraday Trading
Intraday trading is an exciting way to make money in the stock market. It requires a certain level of expertise and knowledge to be successful, and one of the best ways to gain that knowledge is through reading books. However, with so many options available, it can be challenging to choose the right book for your needs. In this comprehensive guide, we will explore the key factors to consider when choosing the best book for intraday trading in India.
Guide No. 1 For Choosing Best Book For Intraday Trading In India.
First and foremost, it's essential to choose a book written by a reputable author. Look for books written by authors with a proven track record of success in the stock market. They should have a good understanding of the Indian stock market, intraday trading strategies, and risk management techniques.
One way to find the best book for intraday trading in India is to ask for recommendations from fellow traders, friends, or family members who have experience in intraday trading. They may be able to suggest a book that helped them in their trading journey.
Otherwise you can visit any Stock Market Training Institute. For Asking that from Which Intraday Trading Book You had Created your Best Stock Market Course In India. This can help you to find Best Book For Intraday.
Guide No. 2 For Choosing Best Book For Intraday Trading.
Another crucial factor to consider when choosing a book for intraday trading is the level of detail provided. Look for books that provide a step-by-step guide to intraday trading, including strategies for identifying potential trades, risk management techniques, and how to handle emotional and psychological factors that can affect trading decisions.
The best books for intraday trading in India should also cover technical analysis and charting tools. Technical analysis involves using charts and other tools to identify trends in stock prices and predict future price movements. A good intraday trading book should provide a detailed explanation of technical analysis and how to use it to make trading decisions.
The best book for intraday trading should also cover fundamental analysis. This analysis involves looking at a company's financial statements, economic indicators, and other factors that can affect its stock price. Understanding fundamental analysis can help traders make informed decisions about which stocks to buy and sell.
Guide No. 3 For Choosing Best Book For Intraday Trading.
In addition to technical and fundamental analysis, the book should also cover various intraday trading strategies. The book should provide an overview of different trading strategies and explain how to apply them in real-world trading scenarios. Look for books that cover popular strategies such as scalping, momentum trading, and breakout trading.
When choosing the best book for intraday trading in India, it's also essential to consider your level of experience. Look for books that cater to your level of expertise, whether you are a beginner, intermediate, or advanced trader. A good book should be easy to understand for beginners but still provide enough depth for experienced traders.
Now that we have discussed the key factors to consider when choosing the best book for intraday trading in India let's take a look at some of the best options available in the market. One of the best books for intraday trading in India is "Mastering Intraday Trading" by Prashant Shah. This book covers various intraday trading strategies and provides a step-by-step guide to making profitable trades. It also covers technical analysis and risk management techniques.
Guide No. 4 For Choosing Best Book For Intraday Trading.
Another excellent option is "Intraday Trading Ki Pehchan" by Ankit Gala and Jitendra Gala. This book is written in Hindi and covers various intraday trading strategies, charting tools, and technical analysis. It also provides an overview of the Indian stock market and how to use it to make trading decisions.
If you're looking for a comprehensive guide to intraday trading, "Intraday Trading Strategies" by Bansari Parikh is an excellent option. It covers technical and fundamental analysis, various intraday trading strategies, and risk management techniques. The book also provides real-world examples of successful intraday trading strategies.
Conclusion
In conclusion, choosing the best book for intraday trading in India is a crucial step in your trading journey. Look for books written by reputable authors, provide a detailed explanation of intraday trading strategies, technical analysis, and risk management
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adnanfinowings · 3 months
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Energy Stocks in India 2024 : Top 3 Expert Recommendations
The energy sector stands as the bedrock of any economy, driving growth through the production and consumption of resources like coal, oil, natural gas, and the burgeoning renewable energy sources. In India, this sector plays a pivotal role, with significant contributions from thermal, renewable, hydro, and nuclear energy sources. Understanding the dynamics of energy stocks in India reveals ample investment opportunities, especially for those eyeing long-term growth.
Investing in Energy Sector Stocks
Investing in the energy sector offers potential for substantial returns, albeit with inherent risks. For investors seeking stable dividends and growth prospects, strategic investments in reliable energy stocks can prove rewarding over time. Before delving into such investments, it's crucial to consider factors like price volatility, segment identification (upstream, midstream, downstream), company reserves, and financial health.
Top 3 Energy Stocks List in  2024
1.      Reliance Industries Reliance Industries Limited (RIL) reigns as India's largest conglomerate, with a significant presence in the energy sector. Established in 1973, RIL has diversified into various sectors but retains a robust foothold in energy. With a current stock price of Rs 2129.2 and a market capitalization of approximately Rs 1,439,779.95 crore, RIL continues to deliver substantial returns. Despite its higher PE ratio of 45.07, indicating premium valuation, RIL's focus on sustainability and future-oriented projects like green energy initiatives enhances its long-term appeal.
2.      Adani Enterprises Adani Enterprises has emerged as a powerhouse in India's energy and infrastructure sectors, driven by ambitious investments exceeding $70 billion. Over the past three years, Adani's energy stocks have surged by an impressive 1253.69%, outperforming broader market indices. With a PE ratio of 424.06, reflecting investor confidence amidst growth plans, Adani Enterprises leverages robust cash flow and strategic inventory turnover to maintain its market position.
3.      Bharat Petroleum Corporation Limited (BPCL) Established in 1952, BPCL stands as one of India's oldest energy sector companies, emphasizing operational efficiency and financial prudence. With a stock price of Rs 462.65 and a market capitalization of approximately Rs 100,360.48 crore, BPCL offers investors a balanced portfolio with a lower PE ratio of 5.27. The company's stable dividend yield and manageable debt-equity ratio of 1.44 underscore its financial stability and attractiveness as a long-term investment.
Future Outlook for Energy Sector Stocks
The future of energy sector stocks in India appears promising amidst rising global and domestic demand for energy. Government initiatives aimed at expanding renewable energy capacity, including targets of 230GW from renewables by 2023, underscore the sector's growth trajectory. This ambitious push towards sustainability bodes well for companies like Adani Power and Tata Power, positioned to capitalize on India's evolving energy landscape.
Conclusion: Investing in Your Financial Future
In conclusion, navigating the complexities of the stock market, especially within the energy sector, requires informed decision-making and a keen understanding of market dynamics. As you explore potential investments, consider enrolling in the best stock market courses in Lucknow to sharpen your skills and enhance your investment acumen. These courses offer comprehensive insights into market trends, trading strategies, and risk management techniques, empowering you to make sound financial decisions.
Best Stock Market Course in Lucknow
Lucknow's burgeoning interest in stock market education has led to the establishment of several reputable institutes offering top-notch stock market courses. Whether you're a novice or an experienced trader, these courses provide invaluable knowledge and practical skills essential for navigating the intricacies of financial markets. Enroll in the best online stock trading courses in Lucknow to gain flexibility and convenience without compromising on educational quality.
Empowering Your Investment Journey
Investing in energy stocks can potentially yield substantial returns over the long term, driven by India's growing energy demands and evolving regulatory landscape. However, it's essential to conduct thorough research, assess risk tolerance, and seek expert guidance before committing your capital. By equipping yourself with the right knowledge and skills through stock market courses in Lucknow, you position yourself strategically to capitalize on emerging opportunities and achieve financial success.
Start Your Journey Today
Take the first step towards financial independence and wealth creation by exploring the best stock market courses . Empower yourself with the tools and insights needed to navigate the dynamic world of stock trading and investment. Whether you aspire to build a diversified portfolio, manage personal investments, or pursue a career in finance, investing in your education is the key to unlocking your financial potential.
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cifmindia · 6 months
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Unlocking Financial Success: Join Leading Stock Market Training Institute in Meerut
Enrol in Meerut's Top Stock Market Training Institute to Unlock Financial Success. The financial market is a dynamic, constantly-evolving environment that takes knowledge and experience to successfully manage. For individuals looking to enhance their financial acumen and explore new investment opportunities, enrolling in a reputable stock market training institute is crucial. With its comprehensive curriculum and experienced faculty, the leading stock market training institute in Meerut offers a unique learning experience that equips individuals with the skills and knowledge necessary to excel in this field.
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icfminstitutee · 10 months
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Unlocking Wealth: Your Guide to Success in the Stock Market Course
Join us on a journey through the fundamentals of the stock market course, where you'll learn how to identify lucrative investment opportunities, navigate market fluctuations, and build a robust investment portfolio. Dive into engaging lessons, interactive tutorials, and real-world case studies that will equip you with practical strategies and insights from seasoned experts.
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epic2source · 10 months
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Investment Strategies
let’s delve into some detailed investment strategies with examples applicable to the Indian stock market: 1. Long-Term Investing: Strategy: Invest in fundamentally strong companies with a long-term horizon, aiming to benefit from compounding. Example: Invest in a well-established company like HDFC Bank (HDFCBANK) known for its stable growth, strong financials, and consistent dividend…
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boomingbulls · 1 year
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Learn Forex Trading at the Best Trading Institute in India
If you’re looking to learn forex trading and enter this exciting world of trading, you’ll want to equip yourself with the necessary knowledge and skills learned at the Best Trading Institute in India. In this blog post, we’ll explore why you should learn forex trading at the best trading institute in India, Booming Bulls Academy.
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The Prospects of ASEAN’s Trade Integration with India: Challenges and Opportunities
by ASEAN Institute
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Striving for greater economic collaboration, the Association of Southeast Asian Nations (ASEAN) has sought to deepen trade integration with India. This article explores the prospects of this integration, delving into the challenges and opportunities that arise as these two dynamic regions endeavor to strengthen their economic ties.
Trade between ASEAN and India has grown significantly in the past two decades, fueled by their complementary economies and the signing of the ASEAN-India Free Trade Agreement (AIFTA) in 2009 (Narjoko, 2018). While the potential for further trade expansion remains vast, several challenges impede the full realization of these opportunities. Among these hurdles are tariff and non-tariff barriers, divergent regulatory frameworks, and inadequate infrastructure (Pal, 2020).
Despite these challenges, numerous opportunities for deepening trade integration exist. India’s growing middle class, burgeoning services sector, and untapped consumer market offer attractive prospects for ASEAN exporters (Saha, 2017). Additionally, India’s expertise in information technology and services could facilitate ASEAN’s digital transformation and promote regional innovation (Menon & Sridhar, 2019).
To harness the potential of ASEAN-India trade integration, both parties must address the existing barriers. Enhancing regional connectivity, harmonizing regulations, and promoting greater transparency in trade policies could help foster an environment conducive to deeper economic collaboration (Das, 2021).
In conclusion, ASEAN and India have much to gain from further trade integration. By overcoming the challenges and capitalizing on the opportunities, these two regions can forge a robust and mutually beneficial economic partnership in the years to come.
References:
Das, R. (2021). ASEAN-India Economic Relations: Progress, Challenges, and Way Forward. Journal of Southeast Asian Economies, 38(1), 1–19.
Menon, J., & Sridhar, V. (2019). Digital Integration in South Asia: India’s Trade and Investment Opportunities in ASEAN. Asian Development Bank.
Narjoko, D. A. (2018). Evaluating the ASEAN-India Free Trade Agreement: An Industry Perspective. Journal of Southeast Asian Economies, 35(3), 389–410.
Pal, P. (2020). Strengthening ASEAN-India Economic Relations: The Role of Trade Facilitation. In H. Lim & F. Kimura (Eds.), ASEAN-India Economic Relations: Assessing Progress and Exploring Opportunities (pp. 41–68). Springer.
Saha, S. (2017). Trade, Investment, and Connectivity between India and ASEAN: Opportunities and Challenges. South Asia Economic Journal, 18(1), 61–77.
Read the entire article and more at the ASEAN Institute website.
Check out the ASEAN Institute on Youtube!
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firstdematcourses · 1 year
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Best Stock Market Classes
The perfect instructor for you can be found here on Udemy. We offer a wide variety of topics, skill levels, and languages to choose from. Join the millions of learners already benefiting from our platform of stock trading courses and gain lifetime access to our resources.
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stocksupdates · 1 year
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transmutationisms · 9 months
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in addition to being prone to an obvious naturalistic fallacy, the oft-repeated claim that various supplements / herbs / botanicals are being somehow suppressed by pharmaceutical interests seeking to protect their own profits ('they would rather sell you a pill') belies a clear misunderstanding of the relationship between 'industrial' pharmacology and plant matter. bioprospecting, the search for plants and molecular components of plants that can be developed into commercial products, has been one of the economic motivations and rationalisations for european colonialism and imperialism since the so-called 'age of exploration'. state-funded bioprospectors specifically sought 'exotic' plants that could be imported to europe and sold as food or materia medica—often both, as in the cases of coffee or chocolate—or, even better, cultivated in 'economic' botanical gardens attached to universities, medical schools, or royal palaces and scientific institutions.
this fundamental attitude toward the knowledge systems and medical practices of colonised people—the position, characterising eg much 'ethnobotany', that such knowledge is a resource for imperialist powers and pharmaceutical manufacturers to mine and profit from—is not some kind of bygone historical relic. for example, since the 1880s companies including pfizer, bristol-myers squibb, and unilever have sought to create pharmaceuticals from african medicinal plants, such as strophanthus, cryptolepis, and grains of paradise. in india, state-created databases of valuable 'traditional' medicines have appeared partly in response to a revival of bioprospecting since the 1980s, in an increasingly bureaucratised form characterised by profit-sharing agreements between scientists and local communities that has nonetheless been referred to as "biocapitalism". a 1990 paper published in the proceedings of the novartis foundation symposium (then the ciba foundation symposium) spelled out this form of epistemic colonialism quite bluntly:
Ethnobotany, ethnomedicine, folk medicine and traditional medicine can provide information that is useful as a 'pre-screen' to select plants for experimental pharmacological studies.
there is no inherent oppositional relationship between pharmaceutical industry and 'natural' or plant-based cures. there are of course plenty of examples of bioprospecting that failed to translate into consumer markets: ginseng, introduced to europe in the 17th century through the mercantile system and the east india company, found only limited success in european pharmacology. and there are cases in which knowledge with potential market value has actually been suppressed for other reasons: the peacock flower, used as an abortifacient in the west indies, was 'discovered' by colonial bioprospectors in the 18th century; the plant itself moved easily to europe, but knowledge of its use in reproductive medicine became the subject of a "culturally cultivated ignorance," resulting from a combination of funding priorities, national policies, colonial trade patterns, gender politics, and the functioning of scientific institutions. this form of knowledge suppression was never the result of a conflict wherein bioprospectors or pharmacists viewed the peacock flower as a threat to their own profits; on the contrary, they essentially sacrificed potential financial benefits as a result of the political and social factors that made abortifacient knowledge 'unknowable' in certain state and commercial contexts.
exploitation of plant matter in pharmacology is not a frictionless or infallible process. but the sort of conspiratorial thinking that attempts to position plant therapeutics and 'big pharma' as oppositional or competitive forces is an ahistorical and opportunistic example of appealing to nominally anti-capitalist rhetoric without any deeper understanding of the actual mechanisms of capitalism and colonialism at play. this is of course true whether or not the person making such claims has any personal financial stake in them, though it is of course also true that, often, they do hold such stakes.
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cifmindia · 7 months
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Top Share Marketing Training Institute CIFM India in Meerut
For novices, investing in the stock market might be intimidating. However, anyone can become a successful investor with the correct information and direction. That's where CIFM India comes in. CIFM India offers the best share market classes in Meerut, providing aspiring investors with the necessary tools and strategies to navigate the complexities of the stock market.
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northern-passage · 10 months
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Read the full call to action here.
Tomorrow, November 29th, the International Day of Solidarity with the Palestinian People, the #BDS movement is calling for an all day social media storm. Our physical and digital actions can be used together to strengthen our demands: Permanent ceasefire and lifting the siege to stop Israel’s genocide in Gaza. Lawful sanctions on Israel, including a #MilitaryEmbargo. Pressure on the International Criminal Court (ICC) to issue arrest warrants for Israeli leaders. Click here for prepared messages and images to use for the social media storm. Over the last 7 weeks, millions of you have taken to the streets for the largest protests the world has seen in the last 20 years! We are grateful to each one of you who, through your voices and creative actions, have built up unprecedented grassroots power to end Israel’s genocidal war against 2.3 million Palestinians in Gaza. Yet, Western governments are continuing to arm, fund and provide political cover for Israel’s genocide. We must act urgently to end all state, corporate and institutional complicity with Israel’s genocidal apartheid regime. Palestinian lives and livelihoods literally depend on it. To this end, and as time has shown, BDS is the most effective form of solidarity with the Palestinian liberation struggle. Tomorrow, we call for escalating worldwide peaceful mobilizations and expressions of meaningful solidarity to stop the genocide including: 1. Whenever feasible, organizing peaceful disruptions, sit-ins, occupations, etc. targeting  policymakers, as well as the corporate enablers of genocide and apartheid (arms manufacturers, investment firms), and institutions (media, universities, cultural spaces, etc.). 2. Disrupting the transport of weapons, or weapon parts, to Israel, including in transit states, by supporting trade unions refusing to handle such shipments, as has been done in Belgium, US, and the Spanish State, and as expressed by trade unions in India, Turkey, Italy and Greece.  3. Pressuring parliaments and governments to cancel existing military contracts and agreements with Israel, as Colombia’s president publicly espoused, and as demanded by the BDS movement in Brazil, a demand supported by civil society and more than 60 parliamentarians in the country. 4. Intensifying all strategic economic boycott and divestment campaigns against complicit corporations, and escalating campaigns to cut all ties to apartheid Israel and its complicit academic and cultural institutions as well as sports teams. Mobilizing your community, trade union, association, church, social network, student government/union, city council, cultural center, or other organization to declare itself an Apartheid Free Zone (AFZ) on November 29th, if it hasn’t already, and organize a solidarity event or action on November 29th. 5. Pressuring your elected officials, where relevant, through direct communication or collective direct action, to demand real pressure on the International Criminal Court (ICC) to urgently prosecute Netanyahu and all other Israeli officials responsible for genocide, apartheid, and war crimes. If not now, when? In solidarity, The Palestinian BDS National Committee (BNC)
ABOUT THE BDS MOVEMENT
Cultural boycott guidelines
Economic boycott for consumers
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fatehbaz · 8 months
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Endangered Indian sandalwood. British war to control the forests. Tallying every single tree in the kingdom. European companies claim the ecosystem. Spices and fragrances. Failure of the plantation. Until the twentieth century, the Empire couldn't figure out how to cultivate sandalwood because they didn't understand that the plant is actually a partial root parasite. French perfumes and the creation of "the Sandalwood City".
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Selling at about $147,000 per metric ton, the aromatic heartwood of Indian sandalwood (S. album) is arguably [among] the most expensive wood in the world. Globally, 90 per cent of the world’s S. album comes from India [...]. And within India, around 70 per cent of S. album comes from the state of Karnataka [...] [and] the erstwhile Kingdom of Mysore. [...] [T]he species came to the brink of extinction. [...] [O]verexploitation led to the sandal tree's critical endangerment in 1974. [...]
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Francis Buchanan’s 1807 A Journey from Madras through the Countries of Mysore, Canara and Malabar is one of the few European sources to offer insight into pre-colonial forest utilisation in the region. [...] Buchanan records [...] [the] tradition of only harvesting sandalwood once every dozen years may have been an effective local pre-colonial conservation measure. [...] Starting in 1786, Tipu Sultan [ruler of Mysore] stopped trading pepper, sandalwood and cardamom with the British. As a result, trade prospects for the company [East India Company] were looking so bleak that by November 1788, Lord Cornwallis suggested abandoning Tellicherry on the Malabar Coast and reducing Bombay’s status from a presidency to a factory. [...] One way to understand these wars is [...] [that] [t]hey were about economic conquest as much as any other kind of expansion, and sandalwood was one of Mysore’s most prized commodities. In 1799, at the Battle of Srirangapatna, Tipu Sultan was defeated. The kingdom of Mysore became a princely state within British India [...]. [T]he East India Company also immediately started paying the [new rulers] for the right to trade sandalwood.
British control over South Asia’s natural resources was reaching its peak and a sophisticated new imperial forest administration was being developed that sought to solidify state control of the sandalwood trade. In 1864, the extraction and disposal of sandalwood came under the jurisdiction of the Forest Department. [...] Colonial anxiety to maximise profits from sandalwood meant that a government agency was established specifically to oversee the sandalwood trade [...] and so began the government sandalwood depot or koti system. [...]
From the 1860s the [British] government briefly experimented with a survey tallying every sandal tree standing in Mysore [...].
Instead, an intricate system of classification was developed in an effort to maximise profits. By 1898, an 18-tiered sandalwood classification system was instituted, up from a 10-tier system a decade earlier; it seems this led to much confusion and was eventually reduced back to 12 tiers [...].
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Meanwhile, private European companies also made significant inroads into Mysore territory at this time. By convincing the government to classify forests as ‘wastelands’, and arguing that Europeans would improves these tracts from their ‘semi-savage state’, starting in the 1860s vast areas were taken from local inhabitants and converted into private plantations for the ‘production of cardamom, pepper, coffee and sandalwood’.
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Yet attempts to cultivate sandalwood on both forest department and privately owned plantations proved to be a dismal failure. There were [...] major problems facing sandalwood supply in the period before the twentieth century besides overexploitation and European monopoly. [...] Before the first quarter of the twentieth century European foresters simply could not figure out how to grow sandalwood trees effectively.
The main reason for this is that sandal is what is now known as a semi-parasite or root parasite; besides a main taproot that absorbs nutrients from the earth, the sandal tree grows parasitical roots (or haustoria) that derive sustenance from neighbouring brush and trees. [...] Dietrich Brandis, the man often regaled as the father of Indian forestry, reported being unaware of the [sole significant English-language scientific paper on sandalwood root parasitism] when he worked at Kew Gardens in London on South Asian ‘forest flora’ in 1872–73. Thus it was not until 1902 that the issue started to receive attention in the scientific community, when C.A. Barber, a government botanist in Madras [...] himself pointed out, 'no one seems to be at all sure whether the sandalwood is or is not a true parasite'.
Well into the early decades of twentieth century, silviculture of sandal proved a complete failure. The problem was the typical monoculture approach of tree farming in which all other species were removed and so the tree could not survive. [...]
The long wait time until maturity of the tree must also be considered. Only sandal heartwood and roots develop fragrance, and trees only begin developing fragrance in significant quantities after about thirty years. Not only did traders, who were typically just sailing through, not have the botanical know-how to replant the tree, but they almost certainly would not be there to see a return on their investments if they did. [...]
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The main problem facing the sustainable harvest and continued survival of sandalwood in India [...] came from the advent of the sandalwood oil industry at the beginning of the twentieth century. During World War I, vast amounts of sandal were stockpiled in Mysore because perfumeries in France had stopped production and it had become illegal to export to German perfumeries. In 1915, a Government Sandalwood Oil Factory was built in Mysore. In 1917, it began distilling. [...] [S]andalwood production now ramped up immensely. It was at this time that Mysore came to be known as ‘the Sandalwood City’.
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Text above by: Ezra Rashkow. "Perfumed the axe that laid it low: The endangerment of sandalwood in southern India." Indian Economic and Social History Review 51, no. 1, pages 41-70. March 2014. [Bold emphasis and some paragraph breaks/contractions added by me. Italicized first paragraph/heading in this post added by me. Presented here for commentary, teaching, criticism purposes.]
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