The rise of the equity market and the indices in the last few weeks are not alarming, but shocking from a retail trader's point of view, especially for those who wait for a correction to happen. There isn't a decent intraday fall, let alone a correction. One is forced to ponder where all this money invested every day is coming from. Even if it is FII investments, what is the source of these huge funds?

Many analysts felt that the third quarter results would be poor. But the results of most companies and banks beat expectations, in spite of negative factors that clouded the last quarter. Were the expectations so low that even moderate results could beat the street? The large fiscal deficit doesn't justify the quantum of this exponential rise of the markets. The Securities and Exchange Board of India should have a mechanism to let ordinary retail investors know if the results are genuine.

Mahadeva Iyer V

Thiruvananthapuram

Port infrastructure

With reference to the editorial “In black and white” (Business Line, February 20), the Government has allotted coal blocks to private companies since 1993. How many of those private companies are actually producing? The Government is blocking the Environment Forest clearance of CIL mines and asking CIL to produce more!

Even if CIL produces, the Government doesn't have the logistics to carry the coal to the end-user, and CIL has been dictated to import to meet the demands of the private corporate houses. Is India's port infrastructure sufficient to handle the kind of imports we need?

Praful

e-mail

(This article was published on February 22, 2012)
Share