How safe is the money of small investors in the stock market? BJP replied to Rahul Gandhi's question
New Delhi: There has been a recession in the Indian stock market for the last few days. Sensex and Nifty are continuously declining. Meanwhile, Congress leader Rahul Gandhi has raised questions about the safety of retail investment in the domestic stock market. He has said that the lack of transparency of market regulator SEBI and the game of capitalism is hurting common investors. This statement of Rahul Gandhi created a stir in the market. Journalist and writer Sucheta Dalal also raised questions on the role of SEBI and said that the working style of the market regulator in the last few years has been worrying.
Sucheta Dalal believes that due to SEBI's inaction, common investors are suffering losses. On the other hand, BJP leader Amit Malviya has described Rahul Gandhi's statement as spreading fear in the market. He says that brokerage firms like CLSA and Motilal Oswal are optimistic about the future of the Indian market. They are expecting a bullish trend in the long term.
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Rahul Gandhi raised questions by releasing the video
Rahul Gandhi also posted a video on Facebook, raising questions on the working style of the market regulator. Rahul Gandhi, in his 8.24-minute video, has raised questions on the transparency of SEBI, saying that the Public Accounts Committee (PAC) of Parliament has every right to summon the SEBI chief and hear his side. Let us tell you that SEBI chief Madhabi Puri Buch did not appear before the PAC of Parliament.
Rahul Gandhi is indulging in fear-mongering about the markets because he and his ‘Balak Buddhi’ cabal are scared that Indians are making legitimate money and rising out of poverty.
Rahul Gandhi just can’t handle the sight of ordinary Indians getting rich, so he is resorting to… pic.twitter.com/7w7ZxBfn0H
— Amit Malviya (@amitmalviya) November 19, 2024
Meanwhile, Sucheta Dalal said that I don't think any SEBI chief would have ever had the courage to say before that he will not appear unless there is a signal… Don't worry, we will take care of it.
Shouldn't the government change SEBI chief?
Without naming anyone, Dalal said it was difficult for him to understand why the entire credibility of the Indian capital market was being put at risk. He asked, 'Why would you do this to one person?' Why would you put the reputation of the country, the reputation of the capital market and the reputation of the Finance Ministry behind just one person? The broker said that this does not seem logical to him. On this Gandhi asked why the government was adamant on keeping Butch in office. He asked, 'Should he not change the SEBI chief?'
total value of indian stock market
Let us tell you that the Indian stock market is worth 5.14 trillion dollars. Its share in global market capitalization has increased from a low of 1.6 percent in 2013 to 4.3 percent this month. This makes it the second largest market among emerging markets.
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