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Sebi's diktat for retail investors
December 02, 2004 10:58 IST
While reminding retail investors of making informed decisions on investments in the stock market, Securities and Exchange Board of India on Wednesday said that the foreign institutional investors' investment in 2004 has touched $7 billion mark, exuding confidence in country's economic fundamentals and corporate growth. Investors should collect information and study fundamentals of corporates before taking decisions about the investments, SEBI chairman G N Bajpai said.
Indian economy is growing on a sound footing in the light of a slew of policy and systemic reforms initiated by the government, Bajpai said.
Earlier, regulatory sources said the current upturn in stock market and its ability to withstand the sudden drop on May 17 and fallout of developments in Reliance group showed robustness of the systems.
The market is much broad and now, no particular listed entity or companies from a group could act as a trendsetter, sources added.