Once again Mr. Chidambaram has created another record.  Fourth time market-BSE was closed down due to circuit breaker in the last 3 years.  Loss of 3500 points resulting in loss of Rs.9 lakh crores of market cap has shaken the confidence of genuine investors into the system of our Capital Market including valuation.  

Dr. Kirit Somaiya, BJP leader and Small Investors’ activist, has demanded explanation from the Finance Minister, Mr. Chidambaram.  The Government and SEBI should have come out with reason for such crash, panic and crisis.  

Ø      Is it due to the settlement position?

Ø      Is it due to squaring of the position?

Ø      Heavy selling of margin shares of clients by the brokers?

Ø      Squaring position?

Ø      Over-valuation?

Ø      Over-speculation?  

Dr. Somaiya has questioned the Finance Minister and the SEBI just 6 working days back, market was highest – crossed 21,000 Sensex and on the 6^th working day, it crashes to 17,000?  BJP asked the Government who is responsible for this crash?