The Hindu Editorial (Flee market) – Jul 31, 2019

The wheels of India’s multi-year stock market rally are slowly beginning to come off. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Flee market)- Jul 31, 2019.

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Courtesy: The Hindu

Today’s word list-2 for The Hindu Editorial (Flee market) – Jul 31, 2019:

stock market (noun) – equity market, share market, a stock exchange. It is where traders buy and sell shares of companies on a public exchange.
the wheels come off (phrase) – things go disastrously wrong; a situation devolves into catastrophic/destructive.
palpable (adjective) – noticeable, appreciable, discernible.
foreign portfolio investor (noun) – Investors investing in financial assets, such as shares, government bonds, corporate bonds, convertible securities, infrastructure securities etc in a foreign country.
pull out (phrasal verb) – withdraw, retreat, leave/disengage.
in contrast to (noun) – difference, dissimilarity, variation.
enthusiastic (adjective) – passionate, avid, eager.
take aback (phrase) – surprise, shock, stun; shake up, unnerve, disturb.
discount (verb) – disregard, pay no attention to, take no notice of/overlook.
lacklustre (adjective) – dull, uninspired/uninteresting, mundane.
prelude (noun) – introduction, start, beginning.
downturn (noun) – setback, upset/blow, decline (in business activity).
slash (verb) – reduce, cut, lower.
Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and service.
slip (verb) – fall, drop, decline.
catch up (phrasal verb) – pick up.
bleak (adjective) – unpromising, unfavourable, disadvantageous.
high frequency (adjective) – acute, sharp, piercing/high-pitched.
underlying (adjective) – fundamental, basic, primary.
turmoil (noun) – trouble, disturbance, upheaval/disorder.
look beyond (verb) – anticipate, look forward, plan.
mid-cap (noun) – a company with market capitalization between $2 billion and $10 billion. Large-cap is with a large market capitalization, more than $10 billion and Small cap is with less than $2 billion market capitalization.
erosion (noun) – destruction, deterioration, decline.
index (noun) – guide, measure, indication.
cheerleader (noun) – an ardent supporter of someone.
vocal (adjective) – vociferous, outspoken, forthright.
push through (phrasal verb) – succeed in passing a law accepted by the people who oppose it.
sell-off (noun) – selling of something (commodity/share) which causes fall in price.
vote with their feet (phrase) – indicate one’s disapproval by walking out (or indicate one’s approval by staying in).