[nukkad] Indian Stock Market.

[Vishwas Patil <>]

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Till recently Indian Stock Market was dominated by
stock brokers' community. In the past n current decade
so many financial scams happened in Indian stock
market, that common investors n institutional
investors n foreign investors lost faith on Indian
stock market. In all those scams the stock brokers'
community was playing the major role of ""FRADULANT
ACTIVITIES", which resulted into the heavy monetary
loss of common investor but indeed benifited the stock
brokers' community. When common investor cried out
loud against the fradulant activities of the stock
brokers' community, Government n SEBI n all 
concerned authorities made the computerization n
rolling settlement compulsory in the stock 
market. When the computerization of stock market was
proposed by the finance ministry the stock 
brokers' community strongly objected but at that time
finance ministry didn't care about them. 
Now, stock brokers' community is against the rolling
settlement.  
In this method if the investor buys shares then at the
end of the business day either he has to 
give money n take the delivery of the shares or he has
to sell them (means squaring up the 
transaction) same is true if he sells the shares, then
either he has to give the delivery or he
has to buy them so as to square up the transaction. 
This helped in curtailing the "SATTA" played by the
stock brokers' community in the stock market n also
safeguarded the interests of the common investor. It's
a fact that for the healthy stock market n healthy
economy "A LIMITED SATTA IS ESSENTIAL INTO THE STOCK
MARKET", but history had proved that stock brokers' 
community was always involved in the "OVER-N-ABOVE
SATTA" n furthermore it was always involved 
in "FRADULANT ACTIVITIES", n that's why most of the
financial scams happened, ruining the common
investor. 
Now when the SEBI n finance ministry is firm on their
decision of rolling settlement, again stock brokers'
community is against it. If the rolling settlement
method is implemented in the stock market then common
investor will get benefited n it will curtail the
"OVER-N-ABOVE SATTA" in the market. This means that
there is no room for the "FRADULANT ACTIVITIES FOR THE
BROKERS' COMMUNITY". The brokers' community is against
this coz they think that even if common investor is
ruined they shud get benefited. 
This is very bad, but it seems that the stock brokers'
community is habituated for "FRADULANT ACTIVITIES",
n they just can't tolerate the proposed regularization
of Indian Stock Markets n their good health n in turn
the benifit of common investor.


Vishwas,   

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