Raging Bullishness

Indian Express has an article regarding the Raging Bullishness in BSE


Now that the Sensex had crossed 8,000, the perennially optimistic are eyeing 10,000. But if the Sensex were to comprise of 300 penny stocks instead of 30 blue chips, it would probably have soared well beyond the 16,000 that was recently predicted by a regulator........

Circular trading

A group of Delhi-based investors have written several letters to the Sebi chairman pointing to four specific stocks that are being manipulated by generating huge volumes. This is done by simultaneously buying and selling large quantities of shares from different terminals to create the impression of huge investor interest and enormous liquidity. Market sources say that manipulators usually ensure that the terminals are often located at different cities to create the impression of wide-spread investor interest. ..