Our Sensex Reached an intra-day high of 21206.77 on January 10,2008 this year,but had registered ahighest closing of 20873.33 just two days earlier on January 8,2008
To gauge the Erosion in Equity on the Bombay Stock Exchange from January 8,2008 to September 30,2008 just have a look at the Indices Table Below…Buffett just commented that USA is “Flat on the Floor” and it’s time to be Greedy..see an earlier blog today…India is not far behind !
|
Wealth Destroyers in 2008 January 8 to September 30
|
||
| Indices |
Sep 30 |
% Wiped Off
|
| Sensex |
12860.4 |
-38.4 |
| Nifty |
3921.2 |
-37.6 |
| BSE Mid Cap |
4798.3 |
-52.0 |
| BSE Small Cap |
5577.5 |
-59.0 |
| BSE 500 |
4897.6 |
-44.3 |
| Sector Indices |
|
|
| Realty |
3508.8 |
-74.0 |
| Consumer Durables |
2929.2 |
-55.4 |
| Metal |
8992.1 |
-54.0 |
| Power |
2260.3 |
-53.0 |
| Capital Goods |
10581.1 |
-47.7 |
| Banks |
6478.9 |
-46.4 |
| Oil & Gas |
9039.3 |
-35.7 |
| Auto |
3675.0 |
-34.3 |
| Information Tech |
3095.1 |
-27.1 |
| Healthcare |
3672.2 |
-14.5 |
| FMCG |
2160.8 |
-13.8 |
As I Blog this we are closing this week on the BSE in even more negative territory despite the Indo -US Nuclear Treaty and the US Financial Bail-out Plan having been passed on October 1,2008…yesterday BSE was closed on account of Gandhi Jayanti and Eid…The Sensex,which had closed at 13056 the day before is down over 570 points and has slid below 12500 and should close at the lowest so far in 2008
As I have said in recent blogs…look for Vulture Opportunities