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May23
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![]() The investors in Indian share market had surely felt a sigh of relief after the Bombay 30-share Sensex index gained 341 points thanks to strong buying tendency from domestic investors, especially mutual funds. Still, like many observers I am not totally satisfied with the condition. There is no guarantee that tomorrow the market will not again go down. The market is perhaps more volatile than it should be and this is something that will make many investors worried. Last year, foreign investors invested $10.7bn in the Indian share market and it encouraged many Indians to spend money too. The foreign investors have perhaps only one thing in mind- to make the best profit within the shortest possible time and then go to another new country where share market is growing very fast. Of course, I see nothing wrong in it as this is how investors work and if someday I enter into share market I will perhaps do the same.
My worry is for the ordinary people. There are many families in India who have invested in share market and they maintain their family expenses with the small earning. When market crashed in the last few days, the police in some parts of India were on alert to avert the possible suicide attempts of some investors who have lost a lot. Hopefully, no one will commit suicide as things are better now.
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It is really very shocking news that people may commit suicide after being faced a huge financial problem. Yes, I am agree with you that peopl from middle class family or who has a low income to live in can make something like tha because most of the time they have no chance to be got out of these loss. Besides, it is als0 true that share market can fall in sometime due to some financial or other problem. For example, American share market also went down for a couple of weeks after the 9/11. However, this is a good news that Indian share market is now in the right track. I hope that it will be continuing in the coming days.
You said: "The foreign investors have perhaps only one thing in mind- to make the best profit within the shortest possible time and then go to another new country where share market is growing very fast. Of course, I see nothing wrong in it as this is how investors work and if someday I enter into share market I will perhaps do the same." Perhaps it's about time investors should think in terms of long term efficiency. I'm just wondering what changes will happen if they start doing so.
Yes, you are right share market is very volatile and it is not the rich that suffers. Middle class and lower middle class families who invest alot of money suffer from the fall of share market.
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suicide?
I think the police has taken the right action. In situation like that, people can do crazy thing ( because lost of money ).
Well market share is like a gambling ( with more complex calculation ), you can be a big winner or just a big spender.
Posted by: hedgehogman | May 24, 2006 1:02 AM | Permalink to Comment