The India equity market moved down after the Union Budget. Though the budget is rational and development oriented down trend prevails in the market. Possibly this is due to the foul play by some big operators.
Though there are measures to improve growth, reduce income inequality, strengthen bank performance and bring about a transparent and honest regime, the nose-diving of prominent scrips is to be examined. It is time for FM to alert SEBl and warn foul players of the Indian stock market.
K A Solaman
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