Comments on: Days of darkness during Diwali? http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/ Perspectives on South Asian politics Thu, 02 Jun 2016 08:03:22 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: radnus http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2509 Sat, 08 Nov 2008 16:01:33 +0000 http://blogs.reuters.com/india/?p=266#comment-2509 India saw huge increase in the number of magazine, dailies, websites and television channels both in english and regional languages in the past two years i.e. 2006 and 7. The hype created by these people led to false promises by sellers of financial products who togehter with media convinced small minority of retail investors that funds and stocks are one way bet… lessons learned… time to forget and forgive… move on… Hope Indians view dalal street like their neighbourhood kirana shop or mandi where one goes only to buy what one needs as per a list prepared beforehand at prices that one expects…

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By: priyanka redkar http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2490 Fri, 07 Nov 2008 15:06:49 +0000 http://blogs.reuters.com/india/?p=266#comment-2490 it is just a hype created about the recession.it is just a part of the business and/or economic cycles… everything that goes up has to come down as it is said… so is the situation and the market.

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By: Marmaduke Soddy http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2298 Thu, 30 Oct 2008 11:02:41 +0000 http://blogs.reuters.com/india/?p=266#comment-2298 Put your money in socks and then place the socks at the bottom of the drawer and lock it. Your cash will be safe for many years.

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By: Amit Daga http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2287 Wed, 29 Oct 2008 06:01:34 +0000 http://blogs.reuters.com/india/?p=266#comment-2287 Every thing is right but its not only stock market which crash will hit our economy entirly. I am fully hope we will come out from this Strom till than Happy Diwali..

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By: C.S.Radhakrishnan http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2280 Tue, 28 Oct 2008 09:22:41 +0000 http://blogs.reuters.com/india/?p=266#comment-2280 Has anyone evr bothered to find out the maximum number of Indians at any given time who are invested in the Share Market? To my hazard, less than the number of Income Tax Payees is the number of Share Investors. Many of them have fairly well spread investments, which includeTreasury Bonds. Preferential shares, Debentures etc. which do not fluctuate violentlyad earn steady returns,generally higher than Fixed Deposit rates. Then there are a few who stay invested for long term and are not perturbrd by the games on the Bourse. The Institutional Investors (including foreign ones ) are the ones who hold the large volumes of shares and they do their shadow boxing in the rings, and gain or loose some money.The index may appear to have lost money. what is lost is not the real money , but the Paer value aritficially propped up by the Psychological pressure. Companies whose shares have been seen tio have lost value at the Exchange haven;t lost a Paisa of their real worth. Therefore, after a few days, the Exchange will reflect the true value. Right now, there is enough real steam left for the Index to be back at 14,000 or so. The rest was Hydrogen Gas and it is good shedding

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By: sushil http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2278 Tue, 28 Oct 2008 04:45:35 +0000 http://blogs.reuters.com/india/?p=266#comment-2278 Why balme it on the recession?
I will give you a recent experience I had at a local shop. I had purchased a dress for my one year old kid in the month of Sept for his birthday. It was a good bargain(At least I think so) as we paid Rs390/-.
We went to the shop again for Diwali purchase. We spotted the similar dress in different color. The dress was selected. The real surprise came to me at the cash counter as I was asked to pay Rs750 for the same dress which I had purchased for Rs390 a month back.
No logical answer was available with the shopkeeper except to say that I have not sold any dress for such a low price.
So who is encouraging recession? As posted by R S the buisness community is to be blamed who try to make big gains with small investments.

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By: Robins Tharakan http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2277 Mon, 27 Oct 2008 23:06:07 +0000 http://blogs.reuters.com/india/?p=266#comment-2277 For the life of me, I find most of this hype, unreasonable and ill-directed.

Unreasonable, because as this friend of mine rightly said, this ‘downturn’ gives us only the correct sentiment (about how the industry is doing), but it gives us the wrong magnitude. i.e. the fact that the industry is going through a downturn is true, but is it at a third of its performance from a few months back (21000 -> 7000) ? Almost certainly not… Its just panic, and a correction (upwards) is bound to come.

Ill-directed, because, although a lot of people are quite obviously affected by it (now that we are in this mess), I think everyone that should have been affected, should have been only ‘indirectly’. Indirectly for e.g. through inflation, through price-rise etc… But most of the worries that I see around me, are from people who invested heavily into stocks (without knowing the slightest bit about why and when) and now are brooding over spilt milk. To them my response is that, on a sane day, most sane people never venture out into territories that they don’t know about. After all no one goes to a computer shop and buys computer parts to assemble them at home (at least most dont), even if its cheaper by a few thousand. They let a technician (or Dell or HP) do that. Then why did everyone jump in to buy Suzlon ? What was so bad with sticking with traditional methods of investment (including MFs) ? Although interest-rates for most investments took a beating, but at least you have the solace that its fractional and unavoidable.

Robins Tharakan

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By: Kshitij http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2276 Mon, 27 Oct 2008 19:36:56 +0000 http://blogs.reuters.com/india/?p=266#comment-2276 Nothing works and nobody can predict whats going to happen, even market analyst’s are clueless as technicals makes no sense at this time but what remains with you is you “faith” and if I remember correctly there was this line in a movie which suits the situation just right
“Picture abhi baki hai dost”

Cheers !!

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By: Nikhil Sharma http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2275 Mon, 27 Oct 2008 18:48:40 +0000 http://blogs.reuters.com/india/?p=266#comment-2275 Haha, this post reminds me of the SouthPark episode where Christman was not what it used to be with people deciding to celebrate it with love and friends instead of buying gifts. Commercialisation was sucked out of the festival and all kids were sad.

So yeah, what has Diwali got to do with malls again?

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By: Manish http://blogs.reuters.com/india/2008/10/27/days-of-darkness-during-diwali/comment-page-1/#comment-2271 Mon, 27 Oct 2008 12:32:36 +0000 http://blogs.reuters.com/india/?p=266#comment-2271 ” Stock market affects only 2% of population in India”
This is a statement made in Parliment recently by Govt.

When the market was going up and shares were at a ridiculous prices no body complained that market was being manipulated. In fact today many companies are
planning to file criminal complaint to police and also ask sebi to investigate people who have spread rumors bringing down the price. Then why not investigate the same companies climb up in share prices before this crash ??? who was responsible for this ???

So pray why so much hoohaa is being made in media and market? remember the saying ” If you live by a Sword , you die by a Sword ”

I think Govt should leave this market to its own fate.
Instead it should concentrate on so many other TOP PRIORITY projects instead of spending so much of valuable time and energy on the market which affects only 2% of the Population . As per the saying if this 2% lived by sword, they can also die by sword. It is is not going to make any difference to 98% of the population .That is Democracy. Rule of Majority.

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