While in India less than one per cent of people invest in stock market, in western countries 65 to 75 per cent people buy and sell shares although the saving rate in India can be between 25 to 30 per cent as against less than five per cent in the west, opined speakers at a seminar.
Entitled “Spreading Equity Culture in Odisha through Retail Investing,” the seminar was organised by Utkal Stock Broking Private limited and Peerless Securities limited in association with Utkal Chamber of Commerce and Industry (UCCI) here.UCCI president Ramesh Mahapatra gave the welcome address and Utkal Stock Broking Private limited director PK Mohanty coordinated and organised the event.
Bhubaneswar Stock Exchange CEO Debraj Biswal gave the keynote address and highlighted the need to educate young college students on capital market. He circulated the tips given by legendary investor Warren Buffet on how to invest.Peerless Securities limited, Kolkota MD and CEO Jitendra Panda stated that while foreign institutional investors have shown confidence in the capital marker, it is unfortunate the country people are keeping their money in the banks although there are tax incentives in stock trading.
Utkal Stock broking Private limited chairman DK Ray stressed on the aspect of wealth creation through active participation in capital marker. Vivek Pattanayak presided.