Financial Daily from THE HINDU group of publications
Monday, Apr 28, 2003
Financial Daily from THE HINDU group of publications Monday, Apr 28, 2003 |
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Opinion
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Letters Parallel trade
The article "Unofficial stock market thrives, risk no matter'' (Business Line, April 27) brings out a small part of the large efforts to run a parallel economy in the country. The fall in figures with respect to transactions in the NSE/BSE should have been an eye-opener for regulatory circles. The illegal arrack trade usually ends up in hooch tragedies. The greedy persons who maintain links with what may be called the bucket shops may have to face the fate of heavy losses one day or the other. The lone attraction of absence of margins may invite the erosion of capital. As pointed out, in odd times, the entire process may be risky for the entire market. The SEBI should initiate proper investigations over the report to safeguard the common man's interest. With the falling bank interest rates, there may be a heavy influx of small investors to the stock market, who can be misled by the parallel traders. C. P. Velayudhan Nair, Kochi
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