He's the biggest movie star in the world. Because even if you never heard of Shah Rukh Khan, a billion people in India — and more across the Middle East, Africa and beyond — certainly have. He's the biggest draw in the outrageously oversized films that come from the Hindi-film industry often called Bollywood

Khan says it wasn't a particular risk for him to make a movie about an explicitly Muslim character.

"As far as the public is concerned, India is amazingly secular. I am a Muslim, but I am a leading star for the last 20 years, so if you just go by that, there is no issue ever.

"There are vested interests who will always bring that up to provoke people,which I guess keeps happening everywhere."

http://www.npr.org/templates/story/story.php?storyId=123589668

In India, petty corruption is pervasive – people often face situations where they are asked to pay bribes for public services that should be provided free. The NGO , 5th Pillar distributes zero rupee notes in the hope that the ordinary Indians can use these notes as a means to protest the demands for bribes by the public officials.

   One such story was about a old lady and her troubles with the Revenue Department official over a land title. Fed up with requests for bribes and equipped with a zero rupee note, the old lady handed the note to the official. He was stunned. Remarkably, the official stood up from his seat, offered her a chair, offered her tea and gave her the title she had been seeking for the last year and a half to obtain without success. Had the zero rupee note reached the old lady sooner, her granddaughter could have started college on schedule and avoided the consequence of delaying her education for two years.

 In another experience, a corrupt official in a district in Tamil Nadu was so frightened on seeing the zero rupee note that he returned all the bribe money he had collected for establishing a new electricity connection back to the no longer compliant citizen.

  The SENSEX is now around 17,100. Is it cheap? Is it Expensive? Is it time to buy or sell?  While no one can predict the stock market in the short term, some metrics would help guide the investors. The most important metric is the Price to Earnings Ratio (PE Ratio). At present the PE Ratio for the SENSEX is around 21.    

   A different way of looking at it is that investors are paying an interest rate of 21% on their investment. It would make sense if the company's earnings would go up at least 21% going forward. However it is now agreed that the GDP growth rate may be below 7% going forward. That does not mean that the SENSEX companies' earnings grow at 7%.  They may grow at double digit rate.  

The inflation rate is above 15%. This would force the reserve bank to tighten the cash supply by raising the itnerest rates. That is not good for the stocks.

   But considering the global slowdown of the economy, and slowing demand for exports and services, there is not much upside for SENSEX in the short term.  The best way to play the market as always is to do "rupee cost averaging".

    Which means that you invest equal amount of rupees every 2 to 3 weeks in the stocks of the companies that you expect to grow.  This strategy would guarantee that you buy at an average price. This would cut your risk in the short term. In the long term the stock market growth would benefit you.