Stock Markets: Is the SEBI doing enough?

http://in.rediff.com/money/2006/apr/25bull.htm makes an interesting (and scary) reading. Especially the sections about PNs and FIIs are important. In my opinion, it may not be safe to invest in the secondary market. Mutual funds might be a good option as they keep booking profits.

Meanwhile, I got 50 shares of Emkay Shares and Stock Brokers. It will get listed on Friday. Looking at the latest IPO Listings, it might list on a premium. I am expecting a close of at least 150 (for Shares issued at 120). Lets see.

I am also planning to invest in DS Kulkarni's FPO.

Cheers,
- Tosh