Date:20/10/2007 URL: http://www.thehindu.com/2007/10/20/stories/2007102056391203.htm

Opinion - Letters to the Editor

Sensex fluctuations

The importance the fluctuations of the Sensex get from the government and the media makes one wonder whether the sensitive index is what decides the fate of the people. Not even a small part of such concern is shown towards tackling issues of mass social deprivation. Was there any major redress of such issues during the great march of the Sensex from around 4,000 in 2004 to around 19,000 before the present crash? Is the Finance Minister’s alacrity solely reserved for the protection of the gains made by just 0.1 per cent of the population?

Kasim Sait,

Chennai

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The Sensex was first allowed to grow at a disturbing speed, and, now, it has been decided to regulate the FII investments and the participatory notes causing chaos in the share market. Even after the desultory clarification by the Finance Minister stock market woes are continuing to affect lakhs of small investors. Though the steps contemplated by SEBI are for the long-term benefit, it should have been done long ago in a phased manner.

B. Harish,

Mangalore