21 October, 2020

The Harshad Way

Mumbai stockbrokers explore ways to de-stress and keep fit

The Harshad Way

THE falling spectre of the BSE has sent shivers down the spine of domestic brokers. Trying to maintain a cool facade and a brave front, they are stressed out, to say the least. It was quite evident last week when the Big Bull, scam-accused Harshad Mehta, addressed a stress management seminar for city stockbrokers. Attributing the ability to endure post-scam strain to his strong faith in God, the Bhagwad Gita and yoga—in that order—he said to the rapt audience: "If I could endure all the stress for the past four years, you could certainly face the stress of everyday life."

According to the brochure called Stress and the Stockbroker, "A number of factors have combined to increase stress for the stockbroker. A move from the traditional ring to electronic trading, decreasing business, a credit squeeze, direct trading by institutions, FIIs controlling market trends, a loss of investor confidence, bad deliveries and broker defaults have all contributed to difficult times.

How should the stockbroker conduct business in these...



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