Ahmedabad: Retail investors wonder how much more time should they wait for some level of stability as markets continued to fall on Monday.
Gujarat has a sizable number of retail investors of the country and there is panic situation.
35-year old Rakesh Patel owns this Paan shop and also dabbles big time in the stock markets as well. He bought shares in about half a dozen companies and did not have the slightest idea that the markets were about to crash. He now says he can't sleep, having lost between five and seven lakh rupees
"I bought futures and have lost between Rs five and seven lakh. I have lost between Rs five and seven lakh and can't sleep for the past week. I really don't know how I will sustain this loss,” said Patel.
Similarly, Munjalsingh Chauhan too has lost several lakh rupees worth of shares, said, "I lost over four lakh rupees in the stock market and have been trading for just four months. I'll now invest elsewhere."
31-year old Parhad Postwala, another retail investor, who is witness to the current crash as well as the one in 2004, said that the finance ministry is at fault.
”Finance ministry is to be held responsible for this constant drop. Unless the market is being manipulated, such things cannot happen. The big investors can sail through, it is only the small investors that suffer," said Parhad Postwala.
Members of the All Gujarat Investor Protection Trust burnt an effigy of the union finance minister in Ahmedabad on Monday.
Retail investors of Ahmedabad say that if the markets continue to behave in this volatile fashion, they will just stay away.
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