This seems to be a nice article on the valuations of the indian stock market based on the parameter of MCap to GDP ratio. nice read.
http://www.livemint.com/2007/11/27002934/How-expensive-is-India-really.html
Indian stock markets seems to be racing ahead despite all the negatives that are being built in the global market place. With the credit concern looming in the wall street and one bank after the other are writing off huge amounts, we should also jitter.
The volatility that the sensex has seen in this month is concerning, it seems that the market is sitting on ticking time bomb waiting to explode.
Lets see whats there in the future!!
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