P-Notes are like our mutual funds where lot of money is collected from various investors in different countries and routed through registered FII in India.
There was lot of money flowing in form of P-Notes and this was taking our markets to unchartered territories. Now if SEBI did not put restrictions, our markets would have even touched 25K by this year end and later if a crash was to happen, it would have damaged the UPA govt reputation. This is why SEBI acted now to control the flows and also it acted as a signal for investors to exit and for new investors not to enter.
Wednesday, October 17, 2007
What is P-Notes and why did SEBI put restrictions
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1 comment:
So this wasn't the "correction" that we expected after the bull run. Can we expect a correction soon to enter at lower levels? Or should one take the current situation as a buying opportunity? Thanks.
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