The men protested while the women cracked jokes. Evidently, male and female investors react differently to a falling stock market. On Tuesday, male investors protested on Dalal Street in front of the Bombay Stock Exchange (BSE) building, demanding the removal of a newly installed statue of a bull, which they claim has brought bad luck.
Meanwhile, women investors seemed much more composed, if the mood in the Geojit Financial Services Ltd’s women trading branch in Vile Parle is anything to go by. “If we talk to you today, our family members will get to know about our losses and they may not give us extra money to meet our margins,” said one of them, laughing.
None of the women wished to be identified.
Unlike the usual trading day when almost 15 women come in and struggle to get a seat closer to the trading screen at this branch of Geojit, not too many women were present on Tuesday.
And those that were around did not wish to talk to this reporter about the losses they had made in the market.
Still, no one was agitated, despite the fact that some might have had to deposit more margin money with the broker.
Participants in the derivatives trade take positions by depositing a margin with their brokers. When prices drop, they need to bring in more money to take care of the shortfall.
Some women left the branch before close of trading hours, but those who were around in the branch kept a close eye on the trading screen.
Other women in the trading room said they envied institutional investors who were buying at such sharp dips as they have deep pockets while small investors such as them could not. A few tried to perk up the mood in the room by planning a picnic the coming weekend.
Branch manager Radhika Mungre was busy as were the two dealers, Smita Dhale and Vrushali Pawar. They were inundated with calls from investors enquiring about the losses in their outstanding stock positions. There were also calls to check whether this was the right time to buy. Mungre claims there were more enquiries on what to buy rather than what to sell and when. She said she advised all investors to exit their futures and options positions on Monday.
At Kochi, at another women- only trading branch of Geojit Financial, the scene was little different. According to Honey John, the branch manager, the trading room was packed when the trading resumed after a one-hour halt at 10.55am.
“Since yesterday, most of our clients have been buying stocks, although in small quantities. Today when the trading halted, most of them planned what to buy when the trading resumes. Some of them, who had losses in the futures market, bought and sold stocks in the cash market today?to?cover losses,”?she?added.