The FM thinks the the regulations will impart health to the rising Indian Stock Market. He reckons that the rise this month was inordinate and that rising forex reserves have aided in the rise of the rupee. The Rise of the rupee has hit many industries hard. Tech companies, cashew sectors and the remittances of overseas Indians - all these have been adversely affected. Hence the need for regulatory measures. After some time, he reckons, the market will stabilise and we will have a very healthy stock market. The Venture Capitalists should also be discouraged from investing in safe areas like Real Estate.
The market, therefore, is in a critical stage. If the FIIs withdraw huge amounts of capital, then there will be downtrend and the market may go in for a recessionary phase.
The effects of Jupiter in Sagittarius is being felt now. Transit Jupiter shows effects two months before. Sixth Jupiter is not as good as Fifth Jupiter and uncertain days are ahead for the Indian economy !
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