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A Statistical Analysis of the Indian Stock Market. (Part III)

2010-07-15T10:52:00.001+05:30

A Statistical Analysis of the Indian Stock Market. (Part III)

In our study we have so far compared the values of R² obtained by taking everyday data and the values obtained by considering only those dates which are just before the release of the quarterly reports of Infosys. And we had concluded that more companies from the same IT sector have to be considered to make some appropriate conclusions.

We had also concluded that Infosys was one of the major stocks in the IT sector and to make some general conclusions we need to consider some stocks which will account for the rest of the stocks in the IT sector. The following stocks were considered,

Infosys
Wipro
TCS
Rolta India Ltd.
Patni computer systems Ltd.
Infotech enterprises Ltd.

With the view that, the first 3 stocks are among the major stocks in the IT sector and the rest 3 account for the rest of the stocks in the IT sector.

The everyday data and the data regarding the report release dates (henceforth referred to as RR) were gathered from the BSE Ltd. Website http://www.bseindia.com/

Similar to the previous study of Infosys, for the rest of the companies also we consider the every day data and 3 sets of data for the report release which are 3, 2 and 1 working day(s) before the RR. (referred to as RR-3, RR-2 and RR-1 respectively)

3.0 Analysis: Identifying Correlations in stock market data in the every day data and for the data just before the report releases for 6 companies in the IT sector.

3.1 Data Selected for Study

SENSEX value.
Sectoral Index Value of the sector corresponding to the stock under consideration.
Share Price (in Rs.) of the particular stock under consideration.
High – Low (H – L) spread of the Share Price (in Rs.) in a day, of the particular stock under consideration.
Close – Open (C – O) spread of the Share Price (in Rs.) in a day, of the particular stock under consideration.
Companies chosen : INFOSYS (BSE Scrip Code: 500209)
Wipro (BSE Scrip Code: 507685)
TCS (BSE Scrip Code: 532540)
Rolta (BSE Scrip Code: 500366)
Patni (BSE Scrip Code: 532517)
Infotech (BSE Scrip Code: 532175)

Sectoral Index : BSE – IT

Period of Study : 1^st April 2005 to 31^st May 2010.

No of Report Releases during the period of study : 21

Total No. of Data points : Every day data : 1279
RR - 3 : 63
RR - 2 : 42
RR - 1 : 21

3.2 Final Results of the Study :

Predictor Variables	TCS
	Share Price				No of Shares traded				No of Trades
	normal	RR - 3	RR - 2	RR - 1	normal	RR - 3	RR - 2	RR - 1	normal	RR - 3	RR - 2	RR - 1
BSE SENSEX	13.02%	10.87%	11.61%	12.59%	0.42%	1.03%	0.02%	0.02%	0.02%	0.37%	0.17%	0.54%
BSE- IT	1.16%	2.36%	2.01%	1.74%	0.03%	0.10%	0.09%	0.15%	0.62%	1.07%	0.46%	0.86%
Share Price					2.87%	19.18%	14.36%	13.78%	4.92%	5.29%	0.86%	0.06%
BSE SENSEX and BSE IT	38.60%	40.53%	40.48%	41.67%	0.57%	1.35%	0.32%	0.18%	1.56%	1.10%	2.02%	4.68%
BSE- IT and Share Price					3.00%	20.19%	14.42%	14.57%	5.22%	7.25%	1.53%	0.99%
BSE SENSEX,BSE-IT and Share Price					3.17%	24.85%	20.31%	25.91%	5.42%	12.16%	7.46%	9.09%
Spread HL					1.08%	3.85%	3.08%	2.98%	18.00%	15.23%	12.35%	11.92%
Spread CO					0.09%	7.88%	9.42%	26.77%	0.00%	4.35%	8.66%	21.17%
Spread Hl and sp CO					1.22%	15.66%	16.49%	29.37%	18.05%	25.57%	28.43%	32.42%
SP and sp HL					5.80%	32.30%	33.49%	30.21%	33.02%	29.77%	22.83%	16.82%
SP and sp CO					2.91%	22.77%	17.94%	32.96%	4.95%	7.92%	8.67%	22.06%
SP, spHL and sp CO					5.89%	39.55%	39.12%	44.19%	33.03%	37.01%	33.80%	33.21%
ALL					6.74%	45.04%	43.18%	52.93%	34.55%	44.50%	37.28%	39.11%
	WIPRO
BSE SENSEX	4.47%	6.90%	7.16%	7.26%	0.46%	5.79%	4.41%	3.79%	1.69%	0.02%	0.00%	0.40%
BSE- IT	35.98%	41.01%	40.26%	39.75%	0.46%	1.25%	0.49%	3.88%	1.90%	0.87%	2.28%	1.41%
Share Price					2.58%	4.30%	7.10%	4.74%	5.84%	11.47%	15.50%	15.75%
BSE SENSEX and BSE IT	44.54%	49.11%	48.29%	47.62%	0.54%	6.55%	5.87%	4.43%	2.12%	2.26%	5.16%	1.53%
BSE- IT and Share Price					2.71%	14.46%	16.69%	23.26%	5.85%	14.06%	17.14%	18.62%
BSE SENSEX,BSE-IT and Share Price					3.52%	15.52%	17.51%	24.08%	7.50%	14.09%	17.24%	20.16%
Spread HL					4.22%	16.40%	31.18%	0.22%	17.02%	25.74%	31.75%	2.03%
Spread CO					0.26%	5.04%	21.20%	16.38%	0.46%	2.72%	19.67%	33.00%
Spread Hl and sp CO					4.55%	21.16%	36.44%	16.64%	17.67%	28.20%	36.07%	34.87%
SP and sp HL					7.24%	18.62%	36.63%	4.82%	24.21%	32.84%	44.76%	18.85%
SP and sp CO					2.88%	9.76%	29.46%	19.75%	6.39%	14.71%	36.81%	45.16%
SP, spHL and sp CO					7.62%	23.70%	42.85%	19.87%	24.97%	35.72%	50.43%	47.94%
ALL					9.17%	36.43%	55.67%	38.87%	28.29%	44.04%	55.42%	55.36%
	INFOSYS
BSE SENSEX	0.90%	1.72%	1.72%	1.50%	0.21%	0.38%	0.05%	3.21%	0.00%	0.02%	0.00%	0.55%
BSE- IT	13.90%	13.04%	13.25%	14.37%	0.62%	1.35%	0.34%	0.10%	0.07%	3.24%	2.93%	6.52%
Share Price					2.30%	3.86%	2.41%	1.77%	2.40%	0.17%	0.17%	0.33%
BSE SENSEX and BSE IT	39.00%	42.42%	42.90%	43.78%	0.64%	1.43%	1.14%	4.94%	0.17%	7.16%	5.66%	8.66%
BSE- IT and Share Price					2.40%	4.09%	2.41%	2.55%	2.60%	3.31%	2.99%	6.70%
BSE SENSEX,BSE-IT and Share Price					2.90%	4.80%	2.41%	5.06%	3.00%	10.15%	7.81%	11.15%
Spread HL	1.18%				17.34%	6.94%	11.38%	24.25%	25.11%	22.66%	20.23%	26.94%
Spread CO	0.07%				0.05%	1.42%	2.77%	3.87%	0.01%	1.76%	0.73%	0.59%
Spread Hl and sp CO	1.31%				17.36%	7.01%	11.90%	24.40%	25.21%	22.84%	20.45%	33.66%
SP and sp HL					21.33%	12.22%	15.36%	26.28%	29.65%	22.69%	20.26%	27.17%
SP and sp CO					2.39%	5.74%	5.46%	5.51%	2.48%	1.84%	0.86%	0.90%
SP, spHL and sp CO					21.37%	12.36%	15.93%	26.40%	29.82%	22.86%	20.47%	33.81%
ALL					24.13%	14.27%	18.24%	31.05%	34.36%	42.76%	42.57%	59.78%
	Rolta
BSE SENSEX	37.93%	33.33%	32.92%	32.05%	1.64%	2.60%	0.78%	0.09%	0.34%	1.39%	0.12%	0.10%
BSE- IT	23.38%	35.45%	36.99%	37.24%	8.05%	15.43%	13.90%	10.01%	4.52%	12.99%	10.32%	6.26%
Share Price					6.42%	12.60%	14.52%	13.72%	3.39%	9.54%	9.25%	7.58%
BSE SENSEX and BSE IT	38.46%	40.01%	40.57%	40.15%	9.03%	18.52%	21.21%	19.26%	6.12%	17.19%	18.89%	16.63%
BSE- IT and Share Price					9.81%	17.70%	17.68%	15.03%	5.38%	14.36%	12.20%	8.65%
BSE SENSEX,BSE-IT and Share Price					12.91%	22.72%	28.31%	28.04%	8.89%	20.37%	23.43%	21.91%
Spread HL					0.18%	0.05%	0.28%	1.00%	1.81%	0.04%	0.01%	0.02%
Spread CO					1.10%	0.30%	3.15%	1.52%	1.68%	0.49%	3.58%	4.06%
Spread Hl and sp CO					1.39%	0.34%	3.60%	2.61%	3.89%	0.56%	6.07%	4.10%
SP and sp HL					11.99%	24.06%	25.26%	21.84%	12.33%	21.93%	20.86%	16.88%
SP and sp CO					7.29%	12.86%	15.33%	20.76%	4.87%	9.98%	10.70%	17.44%
SP, spHL and sp CO					13.36%	24.80%	40.80%	38.02%	14.61%	23.00%	40.73%	38.30%
ALL					18.05%	28.44%	46.69%	66.42%	18.15%	27.12%	46.74%	68.64%
	Patni
BSE SENSEX	4.81%	6.41%	6.55%	6.91%	0.61%	5.08%	5.32%	0.01%	8.35%	28.27%	33.51%	38.38%
BSE- IT	48.32%	52.99%	53.15%	52.22%	0.21%	4.86%	5.03%	0.08%	5.93%	24.00%	28.30%	28.95%
Share Price					0.53%	3.88%	2.76%	0.50%	5.27%	9.74%	8.92%	4.31%
BSE SENSEX and BSE IT	62.41%	68.47%	67.85%	65.65%	0.62%	5.78%	6.03%	0.11%	8.68%	30.62%	36.32%	40.19%
BSE- IT and Share Price					0.54%	5.14%	5.03%	1.81%	6.63%	24.42%	30.00%	35.82%
BSE SENSEX,BSE-IT and Share Price					1.75%	7.53%	6.56%	2.89%	12.68%	31.64%	36.44%	41.18%
Spread HL					7.17%	7.79%	4.67%	1.77%	25.13%	30.97%	32.15%	36.38%
Spread CO					1.90%	0.16%	0.04%	0.24%	4.71%	0.67%	0.18%	5.06%
Spread Hl and sp CO					8.52%	8.24%	5.00%	5.61%	28.24%	32.81%	34.74%	43.57%
SP and sp HL					7.23%	8.26%	5.10%	1.83%	25.40%	31.16%	32.17%	36.39%
SP and sp CO					2.46%	4.22%	2.79%	1.13%	10.10%	10.99%	8.96%	6.93%
SP, spHL and sp CO					8.56%	8.76%	5.47%	5.93%	28.60%	33.07%	34.78%	43.68%
ALL					9.25%	11.42%	7.86%	9.28%	33.55%	48.36%	50.84%	59.21%
	Infotech
BSE SENSEX	0.31%	0.30%	0.42%	0.45%	0.24%	0.00%	9.36%	15.20%	1.46%	11.45%	11.67%	11.11%
BSE- IT	14.31%	16.25%	15.93%	15.92%	0.70%	2.60%	0.46%	2.06%	0.25%	0.33%	0.40%	1.06%
Share Price					0.12%	0.90%	0.79%	3.33%	1.19%	4.91%	6.35%	9.70%
BSE SENSEX and BSE IT	34.54%	38.71%	39.14%	39.64%	2.97%	4.92%	13.58%	18.53%	5.00%	17.84%	17.72%	14.47%
BSE- IT and Share Price					0.70%	2.71%	2.05%	8.89%	1.20%	7.49%	9.55%	15.85%
BSE SENSEX,BSE-IT and Share Price					3.63%	5.21%	14.15%	18.82%	5.01%	18.19%	18.69%	19.50%
Spread HL					2.26%	0.02%	1.72%	5.49%	9.11%	8.99%	9.38%	8.84%
Spread CO					0.90%	0.15%	1.40%	0.15%	2.13%	0.42%	6.55%	1.09%
Spread Hl and sp CO					2.96%	0.22%	2.21%	7.25%	10.65%	8.99%	11.35%	9.80%
SP and sp HL					2.61%	2.20%	1.72%	5.73%	9.60%	9.02%	9.80%	11.51%
SP and sp CO					1.03%	0.97%	1.82%	3.56%	3.41%	5.01%	10.59%	9.85%
SP, spHL and sp CO					3.24%	2.40%	2.21%	7.67%	11.01%	9.03%	11.95%	12.89%
ALL					7.90%	5.65%	15.70%	23.43%	16.47%	21.86%	23.68%	21.89%

3.3 Obsevations:

There is a significant difference in the values of R² for the everyday data and the data just before the RR.
Some of the values are nearby to 50%, suggesting a good correlation.
The cells have been color coded with yellow for the least and green for the max correlation co-efficient and this indicates some patterns which are similar in all the companies.

3.4 Conclusions:

Variations when considering the data which are close to the RR are following a different trend compared to the whole data, similar to our previous study(INFOSYS data).
The high R²value (in %) of the No of Trades and the No. of shares are only due to Lag indicators.
The correlation coefficients does show some patterns(though the values of R² may be very small)
These patterns need to be tested for statistical significance before any solid conclusions can be drawn out of it.

A Statistical Analysis of the Indian Stock Market. (Part II)

2010-06-09T15:34:00.003+05:30

A Statistical Analysis of the Indian Stock Market. (Part II)

In continuation to our study we compare the values of R² obtained by taking everyday data with the values obtained by considering only those dates which are just before the release of the quarterly reports of Infosys.

The data regarding the report release dates (henceforth referred to as RR) are also gathered from the BSE Ltd. Website http://www.bseindia.com/

We consider 3 sets of data for this analysis which are 3, 2 and 1 working day(s) before the RR. (referred to as RR-3, RR-2 and RR-1 respectively)

2.0 Analysis: Identifying Correlations in stock market data just before the report releases.

2.1 Data Selected for Study

SENSEX value.
Sectoral Index Value of the sector corresponding to the stock under consideration.
Share Price (in Rs.) of the particular stock under consideration.
High – Low (H – L) spread of the Share Price (in Rs.) in a day, of the particular stock under consideration.
Close – Open (C – O) spread of the Share Price (in Rs.) in a day, of the particular stock under consideration.

Company chosen : INFOSYS (BSE Scrip Code: 500209)

Sectoral Index : BSE – IT

Period of Study : 1^st April 2005 to 31^st May 2010.

No of Report Releases during the period of study : 21

Total No. of Data points : RR - 3 : 63
RR - 2 : 42
RR - 1 : 21

2.2 Results of the Study :

Predictor Variables	INFOSYS
	Share Price				No of Shares traded				No of Trades
	normal	RR - 3	RR - 2	RR - 1	normal	RR - 3	RR - 2	RR - 1	normal	RR - 3	RR - 2	RR - 1
BSE SENSEX	0.90%	1.72%	1.72%	1.50%	0.21%	0.38%	0.05%	3.21%	0.00%	0.02%	0.00%	0.55%
BSE- IT	13.90%	13.04%	13.25%	14.37%	0.62%	1.35%	0.34%	0.10%	0.07%	3.24%	2.93%	6.52%
Share Price					2.30%	3.86%	2.41%	1.77%	2.40%	0.17%	0.17%	0.33%
BSE SENSEX and BSE IT	39.00%	42.42%	42.90%	43.78%	0.64%	1.43%	1.14%	4.94%	0.17%	7.16%	5.66%	8.66%
BSE- IT and Share Price					2.40%	4.09%	2.41%	2.55%	2.60%	3.31%	2.99%	6.70%
BSE SENSEX,BSE-IT and Share Price					2.90%	4.80%	2.41%	5.06%	3.00%	10.15%	7.81%	11.15%
Spread HL					17.34%	6.94%	11.38%	24.25%	25.11%	22.66%	20.23%	26.94%
Spread CO					0.05%	1.42%	2.77%	3.87%	0.01%	1.76%	0.73%	0.59%
Spread Hl and sp CO					17.36%	7.01%	11.90%	24.40%	25.21%	22.84%	20.45%	33.66%
SP and sp HL					21.33%	12.22%	15.36%	26.28%	29.65%	22.69%	20.26%	27.17%
SP and sp CO					2.39%	5.74%	5.46%	5.51%	2.48%	1.84%	0.86%	0.90%
SP, spHL and sp CO					21.37%	12.36%	15.93%	26.40%	29.82%	22.86%	20.47%	33.81%
ALL 5 factors					24.13%	14.27%	18.24%	31.05%	34.36%	42.76%	42.57%	59.78%

2.3 Obsevations:

There is a significant difference in the values of R² for the everyday data and the data just before the RR.
Some of the values are nearby to 50% and 1 value is almost 60%.

2.4 Conclusions:

Variations when considering the data which are close to the RR are following a different trend compared to the whole data.
The R²value (in %) of the No of Trades on the day just before the report release which is almost 60% when we consider all the 5 predictor variables, may not be of much use in predictions as this is a lag indicator. (since the High – low spread and the close – open spread are available only at the end of the day).
By analyzing the reason for these higher values of R²we may be able to understand the trend followed by the market as a whole and the behavior of the particular stock under consideration on the days before reports of the company are released.
We need to compare these values with other stocks from the same sector, for a better understanding of the trends.
Since Infosys is one of the major stocks in the IT sector, we need to consider other stocks which will account for the rest of the stocks in the IT sector.

A Statistical Analysis of the Indian Stock Market. (Part I)

2010-06-09T15:18:00.004+05:30

A Statistical Analysis of the Indian Stock Market. (Part I)

Hi, I am Alwar from Indian School of Mines. My interests include statistics, statistics and statistics!

I am currently working on a study of the Indian Stock Market using the Statistical methods, to identify if there is any correlation between the various parameters such as Share Price, No. of Shares, No. of Trades, etc.

Such correlations are critical, because we might be able to identify if there is a sudden change in the number of shares traded before the annual report is released, which might give some indication of insider trading.

If such a forecasting model could be developed then the model can be used to predict the everyday market scenario of a particular stock and to analyze whether the stock is following the trend of the past few days or is it differing from it.

Though a lot of Research Papers and study results were available on the internet regarding the relationships between the trading volumes and the share prices etc., most of them had concentrated on ways to predict the share prices of the stock in the near future, using these relationships. The variations in the trade volumes, share prices, etc. just before a quarterly or annual report release have not been discussed in detail.

Hence, my objective is to study the variations in the trade volumes, share prices, etc. just before a quarterly or annual report.

For this study, all the required data was gathered from the Bombay Stock Exchange (BSE) website http://www.bseindia.com/

1.0 Analysis: Identifying Correlations in Daily Share Data

1.1 Data Selected for Study

SENSEX value
Sectoral Index Value of the sector corresponding to the stock under consideration
Share Price (in Rs.) of the particular stock under consideration
High – Low (H – L) spread of the Share Price (in Rs.) in a day, of the particular stock under consideration
Close – Open (C – O) spread of the Share Price (in Rs.) in a day, of the particular stock under consideration

All these data have been considered on everyday basis. i.e. the interval between the data points is 1 (working) day.

Company chosen : INFOSYS (BSE Scrip Code: 500209)

Sectoral Index : BSE – IT

Period of Study : 1^st April 2005 to 31^st May 2010.

Total No of Data Points : 1279

1.2 Method of Study:

With all the required data in place for the study, we conducted a regression analysis for the various parameters and try to understand their significance. In a regression analysis the value of R²is perhaps the most important indicator. The value of R²shows us to what extent the predictor and the predicted variables are related. The Range of R²is 0≤ R²≤ 1. If we convert this to a % value, then we can say R²% of the variation of the predicted variable can be attributed to the variation in the predictor variable(s).

1.3 Results of Study:

Predictor Variables	INFOSYS
Predictor Variables	Share Price	No of Shares	No of Trades
BSE SENSEX	0.90%	0.21%	0.00%
BSE- IT	13.90%	0.62%	0.07%
Share Price		2.30%	2.40%
BSE SENSEX and BSE IT	39.00%	0.64%	0.17%
BSE- IT and Share Price		2.40%	2.60%
BSE SENSEX,BSE-IT and Share Price		2.90%	3.00%
Spread High – Low (H – L)	1.18%	17.34%	25.11%
Spread Close – Open (C – O)	0.07%	0.05%	0.01%
Spread H-L and Spread C-O	1.31%	17.36%	25.21%
Share Price and spread H-L		21.33%	29.65%
Share Price and spread C-O		2.39%	2.48%
Share Price, spread H-L and spread C-O		21.37%	29.82%
BSE SENSEX, BSE IT, Share Price, Spread H-L and Spread C-O		24.13%	34.36%

1.4 Conclusions

None of the values are more than 50%, hence the relationships between these variables are very weak.
Some of the values are very negligible, showing that they have no relation at all when everyday data is considered.

Further study of variation just before the report release has to be done.

Realistic or Irresponsible??

2008-10-08T03:19:00.000+05:30

I checked my bike’s handle for the third time to ensure there were no stains and entered my house finally. I remembered someone telling me “For everything there is a first time” but this first experience, I had today was not a pleasant one!!! I was totally exhausted, shocked and preoccupied with random thoughts, because of this particular “first experience”. I went straight to the wash-basin and started to wash the blood stains off my hands. Water and blood started to flow with a very characteristic color and smell. As I was watching that, the realization that, the blood flowing off my hands was not mine, and the fact that it belonged to a total stranger gave a very painful and odd feeling.

I slowly washed my face and looked into the mirror. Having always assumed that I would grow up into a responsible citizen, my own reflection in the mirror appeared like a stranger. It seemed as though the reflection in the mirror was questioning me “did you do the right thing today??” I, all of a sudden hated to look into the mirror and shut my eyes. And it all happened again. The scene I had witnessed today unfolded itself as though my mind was just waiting for me to shut my eyes.

I was riding my bike at a decent speed in a street highly crowded with people doing their festive shopping. Everyone were in their “Own world” with high festive spirits. I thought to myself “just because the people are doing their shopping and enjoying the celebrations of dussera why should they turn deaf to all the horns honking around? Why don’t they realize they are not walking on the platforms and thereby causing disturbance to the traffic?”

I moved a little away from the platform towards the divider, where the vehicles were moving at better speeds. Immediately the bus driver behind me honked the horn at full blast and I returned back to one corner of the road and the bus sped past me. I was staring at the bus with anger on the driver and suddenly a hand appeared out of the window behind the driver seat and she (bangles were visible) threw away a polythene cover, ignoring the fact that the bus is moving inside the city in a crowded street. The cover rapidly blew away by the wind reached the rear of the bus and got stuck in the face of the rider(Mr.X) beside me.

And all of a sudden things went chaotic. Sudden brakes, screeching tyres, and people screaming everywhere!! As I moved towards the platform and stopped my bike to look back, lot of things had happened. Mr.X had tried to remove the cover stuck on his face and lost control of his bike and fell down and a car which had come behind him skidded to a halt and there was a chain accident with 3 cars colliding and 2-3 bike riders losing control and falling.

I immediately ran towards Mr.X, and was the first to reach him. The car had not run over him, it had stopped just in time but due to the impact of the cars behind it(chain accident ) the car had forced him between its wheels and the divider rods!!! He had suffered major bruises and was bleeding badly but thankfully he was still breathing. I checked out if I can stop the bleeding by tying a hand kerchief, but in vain. I looked around and saw a policeman come running towards the scene. He called control room for help.

Then he looked at me and asked “do you know him??”

“NO”

“Did you see what happened??”

Yes I had seen it totally but what did I reply ?? “No sir. I am just trying to be of some help… I mean… some first aid stuff”. And the justification “I have to go and pick dad up, he will be waiting for me”, “what will mom say if she gets to know that I am in the police station giving witness to such a case?” ,“do I have to appear at the court giving witness and stuff?? No, I cant!! I have to go back to college on Friday” just like any irresponsible man in the streets.

“Clear off. Let me do my work. you don’t get involved in such mess or else we will have to call you for enquiry and stuff.”

I wanted to shout “Mr.X is my relative, ill accompany him to the hospital. I know what happened. Stop that bus. The culprit totally unaware what damage she had just caused is moving away in that bus.” And a number of other things, but all that I could manage was a faint “ok sir”, and I moved out.

A simple act of littering had cost such huge damage. And the person responsible was totally unaware of it. Yes, people do throw things here and there they don’t look for dustbins. But atleast, why don’t they look out before they throw things out of the window of a vehicle.

I could hold it no more. I opened my eyes. The reflection of me still had a questioning look on its face. “Did you do the right thing today??” may be I should have acted in a more responsible way, by informing his family and stuff. But its all over now. There is nothing that I can do now. I don’t even know whether Mr.X is alive now!!! If he is alive “Get well soon”, else “may his soul rest in peace”. Is this the reality?? Am I being realistic or irresponsible?? “Some facts are hard to digest”!!! I justified myself telling that I was realistic!!!