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Moneycontrol India :: News :: Experts say don't buy, but should you bother? :: :: MARKET OUTLOOK :: Sensex,Nifty,Haresh Soneji
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Experts say don't buy, but should you bother?
2008-03-28 16:13:58 Source : Markets Midday/CNBC-TV18
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By Haresh Soneji, CNBC-TV18

 

Sensex and Nifty have outperformed the midcap index post correction in May 2006. In the recent market fall, broader indices fell more than benchmark indices whereas the midcap and small cap indices barring today's rally were still making new lows.

 

Though the equity market is on its way to recovery, experts are talking about bottoms. But, hang on. Look at data first before taking a plunge on what to buy.

 

Current Fall from closing peak

 

Sensex

29%

BSE Midcap

43%

BSE Smallcap

50%

Broader indices fall more than benchmarks

Mid cap and small cap indices are still making new lows

 

 

 

 

May 06 Fall from Closing Peak

 

Sensex

29%

BSE Midcap

38%

BSE Smallcap

42%

 

 

Recovery from Closing Low - One Month

 

Sensex

13%

BSE Midcap

8%

BSE Smallcap

7%

 

 

Time to previous closing highs

 

 

Trading sessions

Sensex

96

BSE Midcap

175

BSE Smallcap

288

 

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