Citizens Awareness Group organizes Investor Awareness Program at Chandigarh

By 121 News

Chandigarh 08^th July:- Citizens Awareness Group in collaboration with National Stock Exchange under the aegis of Securities Market Awareness Campaign by SEBI organized Investor Awareness Program in Community Centre, Sector 40,Chandigarh.

Didar Singh, General Secretary Federation of Social Welfare Associations, Ward 9, said that awareness pertaining to the stock market is lacking among investors. A lot of people cannot invest or hesitate to do so and many tend to make wrong decisions due to lack of information. Advising people not invest in a business they do not understand, investors were asked to look for companies with a sound management.

Surinder Verma, Chairman, Citizens Awareness Group, said that you would not buy a color TV before visiting a few dealers and taking advice from some friends. But a rumor might prompt you to buy stocks worth Rs. 2 lacs. So most of the losses occurred in the stock market are a result of hasty decisions, greed and fear. He also exemplified how even educated and high income group investors fail to follow the safeguards while investing in the stock market.

Nishant Srivastava , Manage National Stock Exchange said that the presence of market regulator like SEBI and due to safe regulation adopted by various stock exchanges, the market has become far safer for small and medium investors. If investor enters in the market equipped with fundamental knowledge about the company they intend to invest in, they have fairly good chances of making a steady profit. He dwelt upon numerous aspect of the capital market like duties of investors, investor protection guidelines, trading and risk management etc.

Gurbax Rawat, Councilor Ward no. 9 said that objective of the program was to educate the citizens about the investment opportunities available in the securities market and apprise them about their rights and obligations while dealing in the financial market.

V.N. Sharma, President Consumer Federation of Social Welfare Associations, Ward 9, proposed vote of thanks and assured that more and more workshops will be organized to make the investors to aware so that he may not be cheated in the financial market.