Unbounded Optimism

Unbounded Optimism D P Sharma THE stock market has been very much in the news recently, as much because of the unabated boom in equity prices as for the debate over the Pherwani Committee's highly controversial proposal for the setting up of a National Stock Exchange in New Bombay and New Delhi's directive to the stock exchanges to implement certain measures "in the interest of the long- term growth of the stock market and for ensuring investor protection".