Lesson for Blind followers of - CNBC Awaaz/Other tips providers/Stock gurus

For Newbie Traders
Simply the anchor at CNBC Awaaz Mr. Hemant Ghai, bought large quantity of shares on his wife’s and mother’s name the day before recommending it on his morning show “Stock 2020”. He created a buzz by giving all positive reviews about the shares(He owned) and lay people would buy it in the hope of making money, as you know, more buying means more demand and hence the increase in price! He than simply would sell the stocks he owned at the higher price!! Hence when large quantities are sold the price drops(Supply) and you are at losing side. He made around 3 crores doing this. So next time don’t wonder why there is sudden price drop when you buy shares. The game is far more complex than you would have thought it is. “Jaago grahak jaago!”

The News
- SEBI Restrains CNBC Awaaz Television Anchor Hemant Ghai From Dealing In Securities

- Jaya Ghai and Shyam Mohini Ghai — Hemant Ghai’s wife and mother respectively, undertook a large number of “Buy-Today-Sell-Tomorrow” trades in synchronisation with the recommendations made on the morning segment show co-hosted by him, the Securities and Exchange Board of India has alleged in an ex-parte, ad interim order.

- Shares were bought on the previous day and sold immediately on the day when a recommendation was made on the show, SEBI’s order has pointed out. The regulator has arrived at a prima facie conclusion that the over Rs 100 crore in 90 trades executed in trading accounts of the two family members between January 2019 to May last year led to gains of more than Rs 2.95 crore.