In earlier times, news of bankrupt stockbrokers leaping from high rises was commonplace. But even as markets have tanked more than 60% since early last year, there have been fewer such plunges, thanks primarily to regulatory mechanisms.
However, that doesn?t mean the furrowed brows haven?t deepened. But market denizens are now looking beyond the material world to the spiritual one for ways to better deal with the anxiety.
Asia?s oldest equity bourse, the Bombay Stock Exchange (BSE), along with Ficci, is organising a yoga and pranayam course by none other than the iconic Swami Ramdev Maharaj on Tuesday. Several market players and brokers are slated to attend the two-hour programme, which will take place within the BSE premises in the evening. Swami Ramdev will also conduct discourses.
BSE chairman Jagdish Capoor said, ?I think this exercise can certainly reduce the stress which we face in our day-to-day lives. When Ficci approached us to conduct this programme, we immediately agreed and hope that it can be useful to the participants.?
After the recent financial meltdown, an increasing number of marketmen have been facing the heat as overall profit margins have reduced drastically. Moreover, the future seems to be dim as there are no domestic cues to lift sentiment.
A broker who will be attending the event said, on condition of anonymity, ?This is a good move by BSE. Most brokers are under a huge mental strain, as domestic markets are down and fewer retail investors are entering the market. Apart from that, as general elections draw closer, there are chances that markets could once again witness last year?s lows.?
During the event, there will also be a session to introduce the Patanjali Yog Peeth, Haridwar, by Haribhai Shah, one of the board members of the trust. ?I think that in today?s troubled times, several people already do yoga to keep themselves fit. We believe that it will be a new adventure for other people who have not yet tried yoga,? added Capoor.