Awful practice in Indian Stock Market

Awful practice in Indian Stock Market

Sir,

United States President Obama’ words about the fiscal condition of his country have triggered a huge slide down in entire stick market of the world. In India too, it is the consecutive sixth day fall in Sensex on Wednesday with about 500 points down. Unlike the previous Finance Minister Chidambaram, the present Minister Pranab Mukherji did not come with a clarification in this direction. All investors wooed by the previous gestures of the India Ministers burned their fingers in the last six days.

Other than the hollow words from the Ministers the investors get nothing from stock market as the instability is beyond any prediction. The tax benefits or interest hike and concessions to education and health sectors are inadequate to encourage the stock market. And that is why the PM or FM are not coming with any promise during bloodbath in stock market.

Setbacks in the market will be high if the authorities keep don’t care approach to the awful practice of the Indian stock market.

K A Solaman