This person seems to be creazy or might have lost money.
SEBI has atleast done right thing by putting breaks to this P-notes business where we do not know whethr smugglers or terrorists are investing. It is not great Idian Story that took this sensex to this level. It is just pure speculation made by FIs for their gains. It happened in the entire Asian countries, including Pakistan which is touched new heighs.
Had this been allowed the sensex would have easily gone 25000 in a month and poor retailors or common man have lost their hard-earned money.
Sure, government, SEBI, RBI must do some thing to control this type of manipulations or speculations
RE:useless fellow
by DR. BHASKAR G V on Oct 18, 2007 08:27 PM Permalink
How can you call him useless fellow, without even understanding his point?. He definitely has a valid point in his argument, barring political boundaries. You should have minimum manners for posting, Right?
RE:useless fellow
by raj kishore harkut on Oct 18, 2007 07:49 PM Permalink
He is right on one point that the FM said FII were buying at that very moment.First of all how did he get the information when the market had closed within minutes of opening.The FM or anybody is not supposed to divulge who is buying or selling and incite investors.Because of this the investors have bought and got caught in the 400 pts and then 1400 Pts - thereby ending with around 1000 pts down. How can the FM ask the journalists to do there homework and find out who is buying and selling on NSE and BSE which is a confidential matter.
