Having sounded a 'high alert' on the volatile movements in the market and to save small investors, Securities and Exchange Board of India chairman G N Bajpai will launch a practical guide for household investors, prepared by the Delhi Stock Exchange, in New Delhi on Saturday.
DSE's initiative comes after Sebi kickstarted the nation-wide investor awareness programme, which was inaugurated by Prime Minister Atal Bihari Vajpayee, in January this year.
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"We decided to bring out a guide because the markets are in a boom period and there is a potential for scams, especially during such bullish phase. The idea is that an average investor should not be duped, making him shy away from the markets again," DSE director N C Jain told PTI.
The investors have to be imparted basic training and they should choose a broker, who has a standing and integrity in the market, he said.
Toeing the line of stock exchanges in Kolkata, Kochi, Ludhiana, Jaipur and Kanpur, DSE's move comes as part of the measures to infuse investor confidence, which was badly hit by a spate of scams, starting with Harshad Mehta, Ketan Parikh and the multi-crore government securities scam, involving Home Trade.
Moreover, the market exhibited volatility with bank scrips surging due to varied reports that the goverment may attach a premium when the banks return a portion of the Centre's equity.
"We are watching the developments to see if there are any unusual movements in the market which are not based on fundamentals," Bajpai had said.
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