Extension of Trading Hours: BSE and NSE embarrass themselves

The fiasco around extended trading hours for the Indian stock exchanges is a perfect example of the left and right legs walking in opposite directions. The incident highlights the arbitrariness of the decision-making process at the BSE and the NSE.

SEBI has been working on longer trading hours, and issued an >>read more…

BSE and NSE: Do they care for ordinary investors?

Stock exchanges exist because people like you and me buy and sell shares. And there are millions of us, who soldier on, despite corrupt managements, ineffectual regulators, scams, misinformation and much more. Whether trader or investor, it is we, the “public” that ensure that all this >>read more…

Irrational Power Frenzy

The last few months have seen some spectacular sums pouring into equity markets via IPOs. Especially power utility stocks. After Adani Power, we had NHPC and most recently, Indiabulls Power. While over-subscription is expected in an irrational bull phase (like when Reliance Power broke all records last year), >>read more…

The Great Indian IPO Bazaar

IPOs in India invariably tend to attract huge media hype and analyst comment. No doubt this is a result of the substantial marketing spends legally carved out of IPO proceeds. Merchant bankers, PR and advertising agencies, and numerous others are rewarded well to promote IPOs. Analysts and journalists >>read more…