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Journalism of Courage
Devang Shah, 27, day trader
After the markets closed today, I headed to my favourite pub to celebrate. It was amazing. When the Sensex touched the golden figure, everyone started clapping. I’ve always wanted to enter the markets, but when I was in college there were parental restrictions. So I worked in my father’s business and saved Rs 40,000. Then, I registered with a broking firm in Mumbai. For the last four months, I have been at it from 10 a.m. to 3.30 p.m. I don’t understand all the technical terms. Sure, I’ve made mistakes and lost some money, but in the end it’s all been recovered. I’ve made a 30 per cent profit. Enough to make my parents support me in what I do. Stories of investor losses don’t scare me. This market is a game…a gamble. You have to take a risk.
Jayesh Maltekar, 35, owner, printing press
I was able to sell all the stocks I had bought two to three years ago and even book a marginal profit of up to 20 per cent. Six thousand is a nice landmark, indicative of the confidence and the feel-good factor. Makes me feel happy that I can see it happen before me and in some way I was part of it (after all, I did a lot of selling!). I have put the entire money into mutual funds, I don’t believe in investing in cars or property or any other goods at the moment, may be later… once there is a little correction in the market.
Rajnikanth Seth, 60,retiree
I am a long term investor. Some stocks had been with me for more than 18 years and I have booked more than 100 per cent profits! I had accumulated quite a few stocks thinking my children would profit, but the markets have been so good I could not resist selling. The stocks that I had with me for over 10 years were mostly steel, cement and banking stocks, and they have all given me more than 60 per cent profit each. I feel happy that I have been able to sell and book profits too. Besides, I don’t think there will be a drastic fall, so my lifestyle remains the same.
Pawan Dharnidharka, 55, stock dealer
I have been investing in markets for a long time. I made profits worth lakhs selling shares in one day. If the market is at 6,000 levels it augurs well for all. Everyone is happy. This is the time when small investors should get out of their dud shares. Now, I can concentrate on my retirement plans. I am building a small house in Rajasthan which will be made by selling my holdings in Infosys and Reliance. I don’t know how long this bull phase will last. But as long as it’s on, I am happy.
