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Well intended bloddbath
by NITIN DESHPANDE on Jan 25, 2008 09:08 AM

What happened in Indian stock market was expected for a long time. One wonders what triggered in Indian economy in last six months for the market to rise 5000 points. Was the whirlpool of speculation not known to PM, FM, SEBI and others. Everybody was sleeping over it. What followed was systematic bloodbath by big players where small investors were duped of their money and were stopped from re entering the market. Everybody knew it, everybody followed it and let it happen and at the end blamed the market forces and nature of the market. Is it a transparent economy on part of our PM and FM.

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Brokers blame systematic failures