The fall in the capital Market on 27/2/12

Dr.T.V.Gopalakrishnan , Mumbai , says: Market will continue to be bullish and the sensex will touch 20000 if not by March 16,but certainly after the budget.Economy is strong but unfortunately missing the direction and support from the Govt for reasons purely political.The ensuing budget is expected to be good and can boost the sagging morale and confidence of investors and mood of the people.Time for the Govt to act on the economic front taking advantage of the potential and resources of the economy.People are awaiting for that and the budget 2012-13 can do the trick.
28 Feb 2012, 1400 hrs IST

(This appeared in ET dated 28/2/12 under opinion poll)

Time to clear off real estate accummulation

It makes sense to sell real estates particularly flats at current prices or even at discounted prices to clear off debts and avoid future losses. The market sentiments are against corruption and black money and accummulation of wealth by a few at the cost of masses will not be tolerated anymore. If the Govt is serious in tracking black money and accummulation of illegal wealth, the prices of real estate will have to crash sooner than later. This is the ideal time for builders to get rid off the stocks even at a lesser margin and profit than to incur heavy losses and debt.The advice by HDFC chief makes sense and worh pursuing.

T.V.Gopalakrishnan (Mumbai)
06 Nov, 2011 03:12 PM

Investors and Cpital Market

The editorial is very right in saying that by offering sops alone investors will not return to market.The market has been volatile since September 2008 when the financial meltdown began and continued without any sign of recovery.Even now the world economy is in a mess and the chances for an early recovery are remote.STT is non-inflationary in character and it is difficult to pass on to others and hence the grievance from investors and brokers.In fact,Govt should modify STT and should be made different for purchases and sales,retailers and whole salers,brokers and traders,FIIs and domestic institutions etc.STT can emerge as an important regulatory tool and it should contiue.Stamp duty rationalisation is overdue and needs to be expedited.The confidence in market needs a boost and for that the GOVT and SEBI should put on some coordinated efforts.The Govt has to ensure that its fiscal deficit will be contained through improved administration and policy initiatives followed by actions.

from: T.V.Gopalakrishnan.

(This appeared in the Hindu-business Line Dt 30/09/11).