FM is very much keen in arresting fall of Sensex.

FM is very much keen in arresting fall of Sensex.


Since tomorrow Govt agencies LIC, UTI and Banks MFs are mobolised to restore big buying.


Look into promising scrips.

thats sad. the job of the FM is not to arrest the fall of Sensex.

the cosoling words of the FM reminds me of PS Subramanyam, past UTI chairman, who during the '2000 bubble bust' repeatedly told, through the media, that in no time the market will bounce back to 6000 levels.

hope its not a replay.

hi!
It's ridiculous to expect FM to save the market if the market really starts going down.NO FORCE ON EARTH except god can save it if the market really starts going down! By forcing the UTI, LIC,SBI to buy stocks at falling market as was done in 2000,the real losers will be the unitholders of MUTUAL funds.Just compare the performance of PRIVATE equity funds like franklin,reliance,HDFC etc and our sbi,lic,uti funds.
So,anyway ultimately small investors get hurt.
Stock market is a different animal friends.
Disciple.

it is good for funds i think

Performance of sbi funds was quite good. Also i think that by investing or being forced to invest or whatever they keep the market up. if they are succesful in ending this downward movement then they would earn huge profits as they would have invested in the bottoms. it is good for funds then.What do u say?

I guess being an FM he cant be separated from the scene completely... However he s banking on SEBI etc. for the action which is fine....

let me repeat to what i wrote yesterday. THE JOB OF THE FM IS NOT TO ARREST THE FALL OF SENSEX.

just read the article JUST MIND YOUR BUSINESS, PC by Shubhrangshu Roy in todays edition of The Economic Times Link (http://economictimes.indiatimes.com/articleshow/1550003.cms )