People have a lot of surplus money. People become punters on the market. To a certain extent, yes. Earlier, physical share transfers took two-three months. Now, it takes three-five days.
Technology is definitely one of the reasons.
Then, you also have the screen terminals expanding to smaller cities. Corporates are sharing a lot of information with the media on the Internet. I would say they must have realistic expectations from the share market. But the problem is that many investors, when they come to the stock market, expect a return of 50-100 per cent. In this greed, they lose and the irony is that when they lose here they go back to 7-8 per cent returns.