As Russian troops entered Ukraine, stock market indices, "BSE Sensex tumbled 4.7 percent or 2,702 points to end at 54,530, while Nifty 50 index plunged 815 points or 4.8 percent to finish trade at 16248," FE. Investors lost a total of Rs 7.59 trillion as investor wealth declined to Rs 248.09 trillion from Rs 255.68 trillion in the previous session, News18. "Foreign institutional investors (FIIs) sold shares worth Rs 6,448 crore (Rs 64.48 billion) on February 25, and domestic institutional investors (DIIs) lapped up shares worth Rs 7667 crore (Rs 76.67 billion), as per provisional data available on NSE," BT. FIIs sold shares worth Rs 486.45 billion since 1 January this year, TIE. FIIs "have been net sellers every month since September, dumping $7.9 billion worth of local shares since," ET. Indian markets are highly manipulated. "Chitra Ramkrishna, a former chairperson of India's largest bourse - the National Stock Exchange (NSE) - was manipulated by a 'Siddha Purusha/Yogi' (an unidentified spiritual guru) and allegedly provided him confidential company information including NSE's five year projections, financial data, dividend ratio, business plans, board meetings and also consulted him on employee annual appraisals, an order by market regulator Sebi said," TOI. The Income Tax Department "is now probing possibilities of fund diversion to overseas accounts and possible tax evasion as the they found frequent personal travel to tax havens," and the CBI is "probing allegations that certain brokers were given preferential access to NSE's co-location facility". She appointed one Anand Subramanian as the Group Operating Officer of the NSE on a salary of Rs 16.8 million for working 4 days a week and his wife Sunitha Anand was appointed on a salary of Rs 6 million, which was later increased to Rs 13.4 million, BT. It is heartwarming to see our sleuths diligently sniffing out any hint of irregularities in our markets to protect the innocent investor. Alas, too late. Chitra Ramkrishna was forced to resign her post as head of the NSE way back in 2016 after complaints from shareholders of the NSE, ET. It goes even further back. "A whistleblower in 2014-15 complained to the Sebi saying some brokers in collusion with a few top NSE officials had abused the co-location facility," News18. It appears that, "the user who gets access to the system first would receive data earlier than the rest. It is alleged that OPG Securities, one of the trading members, was provided unfair access between 2012 and 2014 that enabled it to log in first to the secondary server and get the data before others in the co-location facility." Amazingly it is not illegal. The CBI has arrested Anand Subramanian claiming he is the mysterious 'Himalayan yogi' who controlled Ramkrishna, NDTV. "2021 has seemed eerily similar to 2000," wrote Shankar Sharma. "Analysis of a nearly 100-year period shows that the probability of markets delivering substantial positive returns, for a 4th consecutive year, are next to zero. Global markets have delivered excellent returns in 2019,2020 and 2021." Individual investors buy shares when markets are zooming and sell in panic when they fall, ET. When markets are so manipulated in India why do they advise people to keep investing in shares? Are they paid to mislead people?
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