#NASDAQ hit a record hi near midday Tuesday, while #DowJones Industrial Average reversed frm an early loss to a 100-pnt gain, a resurgence in tech stocks lifted it to a 31% year-to-date gain while #economicdata & moves toward #stimuluspackage in #Washington helped fuel optimism
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SCRA act, @SEBI_India rules etc should have immediate directions for such glaring gaps. With #Commodities under sebi, it has bigger responsibilities as more stakeholders are connected now
Let's not forget, Bahrain Financial Exchange, (idea of Resident Indian Entrepreneur, Jignesh Shah), was forced to stop trading in USDINR while it traded elsewhere. Primarily because of short sightedness & toeing line on directions of those who don't keep nation first.
Had @PChidambaram_IN & #KPKrishnan not worked against #JigneshShah and his ventures, India would have not lost the opportunity of being centre of Price discovery for commodities and Forex vis-a-vis INR. A textbook casestudy of how politician with bureaucrats ruin the business.