Dear Mr Sinha, I believe you are cut up with the gyrations of the BSE Sensex. I empathise with your feelings. You have reason to be upset. There is no fundamental justification for the market to shed over Rs 400,000 crore in eight weeks.
Exports are up and being projected to be better.
Rise in inflation has been averaged at less than five percent and interest rates are heading south. Consumer confidence is high and goods off-take better. What's more the budget was cleared without any roll-back. Unfortunately Mr Sinha these are all rational arguments. Indeed, the Indian stock markets have evolved into a grid where they buy and sell on rumours.