Willing to be conned.

"Foreign institutional investors (FIIs) are exiting Indian markets in large droves. FIIs have sold stocks to the tune of $8 billion in the current year so far," Forbes. However, "The resilience of domestic investors has held the market together in the last few months," as "Household savings, the lack of investable options, and low interest rates have driven retail investors to stock markets like never before." "Finance Minister Nirmala Sitharaman...praised retail investors who have come in hoards on Dalal Street to help the stock market absorb the shock of massive outflows in the last few months," ET. "Continuing their selling spree for the sixth consecutive month, foreign investors pulled out a massive Rs 40,000 crore (Rs 400 billion) from the Indian equity market in March. Foreign investors have pulled out a net Rs 1.48 lakh crore (Rs 1.48 trillion) between October 2021 and March 2022." Is this a good thing? Indians invest in shares through demat or dematerialised accounts. "A demat account helps investors hold shares and securities in an electronic format," Bajaj Finserv. "From the end of December 2020 to March 2022, the latest available, the number of demat accounts went up by 80% to 89.7 million," wrote Vivek Kaul. On 18 October 2021, "After scaling an intra-day high of 61,963, the 30-share BSE index jumped 460 points or 0.75 percent to finish at fresh record of 61,766," TOI. "While, the broader NSE Nifty settled 138 points 0.76 percent higher at a new peak of 18,477." 3.5 million new demat accounts were opened by retail investors dazzled by lurid headlines. "This is largely in line with what happened post 2008, where FIIs buy in years when valuations are low and sell in years when valuations are high. Retail investors do the opposite." This "helped loss-making companies launch and complete their initial public offerings (IPOs). Some IPOs were totally or partly offers for sale, where promoters cashed in on their equity by selling it to the public." "The much-anticipated listing of Paytm, which had raised Rs 18,300 crore (Rs 183 billion) in India's biggest IPO, ended on a bitter note with the stock crashing 27% from its issue price of Rs 2,150, closing at Rs 1,564," TOI. Investors lost Rs 380 billion. FIIs largely ignored IPO of India's largest company, the Life Insurance Corporation of India (LIC), putting in bid for a mere 2% of shares set aside for institutional investors, ET, but it was oversubscribed 1.34 times because of domestic investors, NDTV. LIC shares have fallen 9.8% to Rs 855.80 in 3 days after listing from their IPO price of Rs 949 per share, FE. People are gambling on stock markets, according to investor Vijay Kedia. "They do trading courses and look at charts but no one talks of fundamentals. It is like a drug," he said. He has met a CISF officer who has lost Rs 1.5 million trading in futures and options and a schoolteacher who has lost Rs 4.2 million. Why are Indians gambling with their meager savings? Because they are told that "India's macroeconomic fundamentals remain sound," BS, and "the easy money policy unleashed by the Reserve Bank of India to help the government borrow at low interest rates pushed people to look for higher returns". A 'sucker' is 'a person who is easily tricked or deceived', Britannica. Indians are being conned. They are willing suckers.