The Sensex has seen a free fall of 1,111 points today. This, despite the Finance Minister P. Chidambaram reassuring FIIs that there was no move to revisit the tax arrangement with Mauritius and no move to hike the long-terms capital gains tax from 10 per cent to 30 per cent.
So, what accounts for the mother of all crashes (besides the usual scapegoat, "uninformed reporting")? Is the dream bull run over? Are FIIs sceptical? Are there fundamental problems with our economy and stock market systems, or are we only reflecting global cues? Is the Left growing stranglehold on the UPA government taking its toll?
Do movements like these give you confidence to invest in the stock market? Are fraudsters of the Harshad Mehta, Ketan Parekh kind taking investors for a ride without SEBI knowing? Is the market really safe enough for you to put your dough despite SEBI's moves? Tell.
ALSO SEE: IS A STOCK SCAM ON THE WAY?