Can't u see today ruppee value has gone deown (strenghtning dollar),Our main base of economy since last ten years was IT Sector which was depended on one of this factor: Dollar-Rupee Value. We were looking at value of this daily to get tips to invest in IT. Infosys CEO also had given worried statement in their half yearly statement.And the base of this is totally FII's , Their activities were not monitored.Can u see FII power to control our economy? Can u imagine who is responsible for this
RE:Jaago India
by Zen India on Oct 19, 2007 02:23 AM Permalink
Select the article and paste in word. Thats the only way I could manage to read this article.
Anywasy hats off to "Kirit Somaiya" the man in the picture. And also to rediff for bringing this issue.
RE:Jaago India
by CatchTwentyTwo on Oct 19, 2007 02:51 AM Permalink
Like the "messiah" and the FM, I think bringing in necessary changes to the PN policy is good for the small investor. I think it puts a face to a name and brings in more accountability.
So then why did the markets slump if its good? Per this messiah, because of "dilly-dallying". No. Markets crashed because of the curbs being imposed. Whether they would have been imposed immediately or whether they would have been imposed after a phased 18 month period, it would only have altered the nature of the crash and the revival and the timing.
I agree the FM and the SEBI could have better worded this and the SEBI redrafting in 5 minutes is the direct indication of what the stock market was doing and how it was perceiving the curbs. In fact, I think they did a great job in getting the point across after that and the "perception" of the draft was corrected to prevent further loss to the investors.
As for foreign funds, if there is foreign money driving the market up, I benefited from it as a small investor who saw the price of his share go up. And if this foriegn money goes out and drives the market down, the markets are going to take a hit which should also be acceptable to the investor who benefited from markets going up due to the foreign funds. Its not a one way street...
Bottomline.. more procedures... more restrictions on investments caused a hiccup. Were they necessary? Yes.
I have become fan of kirit bahi, 100 crore population, and we can't see such simple things happening in our market. Now the story is FII(as well as TErrorist organisations) are handling our own finance.NOW, They have power to move market acoording to their wish.Small investors like us get confused every time and lose thousands of hard earned money. So Hats off to u Kirit Bhai
Its not new in India and blame to Mr Chidambaram for Stock Market volatality even in the times of BJP rule there were enourmous speculations on privatisation of HPCL which every time was triggered by BJP ministers,so its better not to pin point on only particular persons or parties.Its time to think independantly by investors and should not get encouraged by any particular persons or parties alligations.
RE:hardcore investor
by basuraj sorrad on Oct 18, 2007 11:06 PM Permalink
i am an hindu by birth. But i feel ashamed of u calling urself an hindu. U are a terrorist for this counry
RE:hardcore investor
by Scholar on Oct 19, 2007 12:32 AM Permalink
She has expressed her opinion...and thats not far from being the truth....so bear with it...past is not going to change....most of indian muslims are converts...and that too under duress...cant deny the fact
RE:hardcore investor
by Sahil Manekia on Oct 19, 2007 12:43 AM Permalink
Any Evidence? Or just speculating? Bad pun, but Shia imamis, Bohris were never forced. Infact they were muslim long before -many having escaped to india during the Mongol invasions of the Fatimid dynasty. Many others converted peacefully in India itself. So yes, you're wrong..
RE:hardcore investor
by no body on Oct 19, 2007 07:23 AM Permalink
what difference does it make which religion one is following. The very fact that you are following some religion, be it, hinduism,christianity, islam, judaism.....etc, means you are an a$$ h$$e. Following a religion and becoming enlightened are mutually exclusive
imagine this situation. the congress party knows that it might have to face elections(midterm polls) and it would need huge amounts of money to fight it. so what do the real clever ones do. they know that the best and fastest way to make money would be thru the stock market. so our FM being a co-conspirator and a former congress man thinks that the best way to do it is by tanking the markets and reentering it and making money.SO they made their crores yday and so why did the markets tank today , because some intelligent congreswala spread rumors the PM is going to resign(because they did not expect the markets to recover like how it did) well at the end i did say JUST IMAGINE AS TO Y IT CANNOT BE THIS WAY ...QUITE POSSIBLE I DID SAY !!!
RE:could this be it
by xyz abcs on Oct 18, 2007 11:02 PM Permalink
yeah the FM and his friends could have gone very very short in the markets and made crores and crores of rupees in this crash
RE:could this be it
by MktWatcher on Oct 18, 2007 11:12 PM Permalink
This is funny.it seems like you were writing scripts for Bollywood?.But not convincing even as a story. Better luck Next time
The investment itself is a gamble. Share, Mutual funds are just like playing a gamble. Loses are expected. Why did retail investors invested in excess becos they are greedy._____SharemarketPlus.Com
RE:Its gamble
by santosh satpathy on Oct 18, 2007 11:03 PM Permalink
Investing in anything is a sort of a gamble. The money ur dad invested for ur education is too a gamble since the outcome is always unknown.
RE:Its gamble
by giri VenkataVenugopalan on Oct 18, 2007 10:38 PM Permalink
you can just stop commenting gentlemen , and keep voting for Cong and NCP fine.
RE:RE:Its gamble
by santosh satpathy on Oct 18, 2007 10:59 PM Permalink
Investing in anything is a sort of a gamble. The money ur dad invested for ur education is also a gamble since the outcome is always unknown.
