The Hindu Business Line : No bubble in markets, says Chidambaram

THE Finance Minister, Mr P. Chidambaram, said on Monday that the country's stock market is one among the best regulated and rejected the arguments that a bubble is building up in the market.

He said the Government and the Securities and Exchange Board of India are keeping a close watch on the situation.

"I do not accept these alarming predictions. Ours is one of the best-regulated markets. I reject the argument that a bubble is building. That does not mean there is no scope for improvement," Mr Chidambaram said in the Lok Sabha.

He was responding in the Zero Hour to the CPI Member, Mr Gurudas Dasgupta, who expressed concern over the "super hyper volatility" of the Sensex.

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