India's Dangerous Stock Market Obsession

Craze over India’s stock markets has reached a scale never seen before. Today, the country has nearly 15 crore investors. This number stood at 4 crore just four years back. Experts feel new traders don’t always understand fundamentals of companies and put money into any stock based on hype. This resulted in irrational rallies. When the market cycle changes, these delirious investors will learn a hard lesson. With so many spread across India, the cost of a big stock market crash can be higher this time around. It remains to be seen how ready these new investors are when things turn sour.