Letters

Market forecasts

| Updated on December 22, 2011 Published on December 22, 2011


This refers to the news report titled “Sensex recovers, but still at 28-month low” ( Business Line, December 19). Obviously, these are very difficult times for the stock brokers and other market participants, with markets reaching new lows day after day.

Further, it is difficult to predict what there is ‘in stock' for investors the next week or even in the next few months. If one goes through business newspapers, one would come across so many (mostly conflicting) expert views of the stock market. All of them create such an amount of confusion that the investors are simply bewildered.

With so many uncertainties on the horizon, predicting the next few weeks' or next months' numbers will be a gamble. The job of the financial analysts and other market intermediaries has, indeed, become highly hazardous!

Narendra M. Apte, Pune

Welcome proposal

The Centre has a plan to bring the Board of Control for Cricket in India (BCCI) under the Right to Information (RTI) Act. This is undoubtedly welcome.

BCCI is the richest sports body in the country (perhaps, even globally), and people have every right to information regarding its way of working, its sources of wherewithal, its expenditure pattern and so on. One earnestly feels that such a move will certainly make it more accountable and responsible.

Be that as it may, this proposal will receive an overwhelming response from the Opposition parties and the people at large.

S. Ramakrishnasayee, Ranipet

Published on December 22, 2011
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