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Commodities trading in India hits skids after losses

AlfredSokol said: "Nobody likes to lose money. Indians were losing so much cash investing in commodities that they seem to be abandoning [url=http://economictimes.indiatimes.com/Markets/Commodities/Investors_shun_commodities/articleshow/2261302.cms]the practice[/url] [quote] Commodities trading that had sparked the interest of retail investors seems to have suddenly hit a speedbreaker. With many investors facing losses in the last year, broking houses say growth in commodities has plateaued. The firms have been bullish on the business but are now are grappling with a distinct fall in investor appetite. Though reluctant to put a number to the quantum of fall in volumes, they say they are watching trends closely. The commodities market has seen a drop in volumes indicating a general slowdown in the trading. Total trading in the April-June quarter has dipped by about 5% to Rs 8.47 lakh crore from Rs 8.94 lakh crore in the January-March quarter. The April-June quarter volumes is also over 7% lower than the comparable period last year. [/quote] Lack of quick profits are keeping people away."

lil dickie said: "Not having an appetite for losses is a universal trait I think."