Hariharan Ramasangu

November 22, 2007

NSE as social infrastructure

Filed under: Finance, Stock Market — Tags: — Hariharan Ramasangu @ 7:48 pm

Mr. R. H. Patel, Managing Director, National Stock Exchange says, in this article,

“Our exchanges are one of the safest in the world now. However, with financial institutions and foreign investors firmly in control, to a large extent, he feels the purpose of NSE is lost. “Exchanges must be for the retail investor, the little fellow. While there will be some speculation, these (current) levels of speculative foreign funds in our market have scared the retail investor. I looked at the exchange as social infrastructure, that purpose is distorted now.”

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