[nukkad] Indian Stock Market : Continued.

[Vishwas Patil <>]

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Tip of the day:  These are the 'good old days' we will fondly remember.
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As everybody knows that the brokers community is on
strike over the issue of the introduction of rolling
settlement in the stockmarket.
Please read the following article: 
NSE striking brokers demand word with Govt., SEBI
at the following URL:
http://www.mumbai-central.com/grapevine/today.html#12
In this article it is clearly stated as follows :
Pointing out that NSE daily volume had fallen to Rs
1,000 crore from a high of Rs 15,000 crore and in BSE
it had gone down to Rs 500 crore from a higher figure
of Rs 5,000 crore,
This proves that my earlier point that "THE
TRANSACTIONS WORTH AROUND 9/10TH OF THE TOTAL VOLUME
ON BOURSES WERE MADE BY THE BROKERS COMMUNITY, WHICH
WERE FISCTIOUS AND ONLY 1/10TH OF THE TRANASCTIONS
FROM THE TOTAL VOLUME ON BOURSES WERE DONE BY GENUINE
INVESTORS. IT MEANS THAT BROKERS COMMUNITY WAS PLAYING
A ROLE OF MARKET MOVERS".
Further it is said as follows:
On tunover tax on Bhatt committee's recommendations,
he said, there should be review of tax, if possible by
the same person, since the brokerage had gone down
"significantly" and brokers were "willing to negotiate
with SEBI on the issue". 
This is a very good news for the investors' community
since their grievances against the brokers community r
indeed taken very seriously by the govt. and SEBI.  
Now govt. and SEBI shud not bow-down in front of the
brokers community n they shud push thru the implement
of the method of rolling settlement into the market.
If this happens then good days r not far for the
"GENUINE INVESTORS COMMUNITY N HEALTHY INDIAN STOCK
MARKET N HEALTHY INDIAN ECONOMY".

Vishwas,
  



 




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