Posts Tagged ‘shoring up the market’

Stocks Rebound on rescue fund creation

It seems that the administration has woken up finally to the woes of small investors in the stock market.  A fund of Rs 20 billion has been created by the government which will be managed by the NIT and will inject liquidity in the market when there is panic selling. This fund will go into action as early as next week.

Responding to this positive step many people are now returning to the stock market to cover their losses which has increased the trading levels and helped the market recover around 650 points since yesterday. This obviously does not help the people who have already had their life savings wiped out, but at least it will help the future investors to make more “secure” investments.

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