Sensex Demystified in Media Summit at NITIE, Mumbai

Sensex Demystified in Media Summit at NITIE, Mumbai

The final presentation was given by the Chief of Bureau of Zee News, Mr. Vijay Shekhar. He explained the volatility of share market by citing a lot of practical examples. Again he stressed on the point that there is no direct correlation between the Sensex and the GDP growth rate. He also gave a few tips on how to go about making an investment in the share market.

The advice for the new investors was to play safe and invest in Mutual Funds instead of equity. He emphasized that gains in share market are only in long term and one should believe in the company invested. The art of backing the dark horses early with issues of IPO's was also contemplated.

The presentations were followed by the Panel Discussion. The discussion was moderated by Prof. Narayana Rao of NITIE. During the discussion, there was a question and answer round where the panel members answered various queries raised by the students. The queries were related to some facts like sudden fall of Sensex on Black Monday, chances of external manipulation of the stock market, dominance of FIIs on Stock market, pros and cons of short sale, etc. The panelists were amazed by the enthusiasm shown by the students and answered all the queries with renewed interest.

Some queries related to the "simulation of BSE Sensex" were also raised. To which there was a consensus among the panelists that the stock market is governed by too many variables, all of which cannot be determined.

The summit came to an end with the encouraging remarks by the panelists regarding the selection of the topic, the level of participation of students and also the beauty of NITIE campus. The panelists were felicitated by Prof. Ashok K. Pundir and the summit concluded with the vote of thanks.

In all, the Media Summit was an excellent confluence of the mighty "Media" and the future managers from NITIE to evolve knowledge with practical implications on various facets of Sensex which is at present definitely riding on a horseback.

Concluded.

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Contributed by -
Rishabh Srivastava & Ravi Prakash,
Members - IE Times,
Media Team, PGDIE,
NITIE, Mumbai.

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