Expert advice for Bhopal investors

Bhopal Stock Exchange Association ropes in CNBC and BSE Training Institute

With the Sensex vaulting to new heights, the Bhopal Stock Exchange Association, the only investors' association of the state, has decided to rope in market wizards of media group CNBC and Bombay Stock Exchange Training Institute to educate local investors.

Established in 1991, the Bhopal Stock Exchange Association offers fee-based services like training, awareness programmes, seminars etc. with its more than 300-odd members. The investors and sub-brokers today make a merriment on bullish trend at BSE.

The association expects the Sensex to cross the 8,000-mark in the days to come.

Though the brokers, sub-brokers and franchisees had an inkling of the sensex crossing the 7,000 mark initially, they turned bullish within a few minutes of trading at the BSE, and the trade volume at Bhopal reportedly reached Rs 100-150 crore approximately with 20 per cent of the investment in Reliance group shares.

"We are overwhelmed by the response to the Reliance settlement issue from the investors of Bhopal and nearby areas like Vidisha, Itarsi and Hoshagabad. We have planned to hold big training progarmmes to educate our investors and sub-brokers so that today's gain could be retained," Santosh Agrawal, president of the Bhopal Stock Investors Association, told Business Standard.

He feared that investors would lose today's gain in the absence of proper market-based research from experts.

"A trained and educated investor or broker can book profit even if bears tighten the grip on the market, which is a general phenomena," said Agrawal.

Bhopal and nearby areas have 200 sub-brokers and franchisees and more than 25,000-30,000 investors, who now invest in primary and secondary market.

Each training programme will give an access to at least 500 members, including sub-brokers and investors, on a nominal fee.

"With the brokerage going down from 3 per cent (in 1991) to 0.25 per cent, retail investors are turning real buyers, and to add spices to their flavour we must organise training programmes for them."

The BSEA organises regular programme once a year at a small level but this year, both the programmes are expected to yield good results.