Online edition of India's National Newspaper
Monday, Dec 17, 2007
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Online edition of India's National Newspaper Monday, Dec 17, 2007 ePaper |
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KOCHI: Indian stock markets are giving more returns than those in all other developed and developing markets, except China, V. Rajendran, managing director of Capstocks, a stock-broking and investment company based in Thiruvananthapuram, said here on Saturday. The Indian markets are bullish in the long term with strong fundamentals backed by an impressive economic growth. He said the Indian corporate sector was performing extremely well. Seeing the growth potential of the Indian economy, foreign institutional investors were pumping money into the Indian stock markets. That apart, low returns from banks and the new tax structure for capital gains from shares had attracted investors to the stock market. However, the awareness about stock markets was low in Kerala. He said Capstocks would open a knowledge centre in Thiruvananthapuram soon for dissemination of information on stock markets. The company would conduct awareness classes and short-term courses to help those who wished to enter the stock-broking profession. It would issue daily, weekly and monthly newsletters on stock markets and allied operations. He said Capstocks was one among the few SEBI-registered portfolio managers based in Kerala. The company had a network of branches in India and an overseas office in Sharjah, UAE. It was a member of the National Stock Exchange, the Bombay Stock Exchange, the Multi-commodity Exchange and a depository participant of Central Depository Services Ltd.
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