Stock market is a place where entrepreneurs raise capital. Capital is required to create new businesses or to expand existing businesses. This in turn creates employment, a must for people like you and me, who are non-entrepreneurs.
Stock market is not a place to gamble although it appears like one. It is because of the people who do not pay regard to the fundamentals of any scrip before trading in it. The market is unfortunately driven more by sentiments rather than sane logic.
There is no fault of government as a well developed capital market is an absolute must for economic growth of the country. SEBI, the relevant government agency, has been doing an excellent job over the years. However, there have been a few scams here and there, and they were more driven by greed of the people. Who doesn%u2019t like quick bucks?!
