FY 2000/1 Being Repeated….Huge Erosion in Equity in 2008 till Date

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

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