Today, 08 Jun 2006, the Bombay Stock Exchange has recorded nearly 426 marks sharp drop in the Index. What is this gamut of rise and fall of index in the BSE? The unexpected fall of index below 10000 marks forced me to review the threat to our Small Investors (SI). Who would actually suffer? There is a need to recall the comparable leap in the Indian economy when the present PM was country’s FM. The so-called scamaster, Mr Harshad Mehta was the scapegoat of backdoor politics. Do you know what our small investors are going to suffer? I leave it to the investors’ imagination, but I am sure, the readers after going through the analysis, would be wise enough to protect their interest and hard earned money.
The vicious circle of sky rocking jump in the BSE from 5580 to 14326 point in a year and a half alarms everyone. Even the Honorable FM had expressed surprise in the stability on the rising index graph. Infact, he is not surprised, he is sure that the high rise graph is going to crumble under its own false hype. The drama enacted to make Indian economy growing is unlikely to sustain. The obvious reasons are foreign investors and Indian partners of Multinational companies who had already dug a deep black hole in our economy. The entire excitement of rising sensex under well planned media blaze is literally going to destroy the Small Investors’ base. The sequences of rising index from September 2004 till date are only reminding about the sudden death in game through tie breaker. A well conceived conspiracy is being enacted to rob the small time investors through temporarily gains. How many would survive is yet to be seen?
Though the sudden rise of sensex from 5280 marks to over 12000 in just nine months should have sent an alarming bell but to the contrary our economic Pundits have hyped the rates of booty. The big market players had pumped in and siphoned off Millions of Indian rupees to fill their coffins. How it is happening? It seems that the complete BSE sensex is being controlled, managed and regulated to assist a few investors. The readers would recall the effect of a few months back sudden drop in the BSE index. The analysis of the rising economy and leaping forward of our sensex is ultimately going to overwhelming effect the SI. The further index pattern shows that, hereafter, our market is being manipulated to fill the coffins of a few selected investors. Our honorable FM has once quoted that the healthy signs of Indian economy is the participation of foreign investor. Do you believe it? Who are these foreign Investors?
Infact, I firmly believe that SI if do not act positively are going to be major sufferers. The rapidly rolling up and down graph of sensex is going to only stabilize between 6000 to 7500 marks until unless FM brings in new liquidities and instruments to check. It seems to me that the Indian investors only indirectly re-routing the Indian money in Indian economy to show perceived growth of 8%. What is the use of this growth where a common man cannot buy a piece of cloth to cover the corpse? A few colleagues of mine believe that the jump in our Index was planned to reroute and convert black money to white and comfortably fill the coffins of people in power. Imagine the investment of rupees one would have fetched you over 6000 times more profit. The rough estimate showed that millions of Indian rupees would be siphoned off abroad if dipping trend continued. You might never know, the inclination must have been already set in. I hope the vicious cycle of withdrawing would stop and we would not become physical to economic slave. I appeal to Small times investors to protect your savings and watch the market. Remember the PM was FM when Harshad had rocked the country. The present index trend is unhealthy for any economy.
Presently, world is passing through unstable economic cycle which is causing disturbances at every levels. I hope world bank would consider the basic issue of food and shelters. Darfur and ethiopia are result of imbalance economic exploitation.
Ezines readers are requested to educate at som_kalpna@yahoo.com
I, S Kalpna Sharma, am a freelance journalist who frequently write on various issues relating human values. My impetus of debate has been always focused on current issues which affect human beings life and social behavior. As always try to bring out debates on human values, my readers support base become large.
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