Indian Stock Market Watch
This time the BSE100 reaches a record high on month-end basis
On a month-end basis, the BSE100 index reached a record high - 9021 on August 31, 2016 surpassing 8994 on February 28, 2015. Market Cap to GNP ratio rose to 78.5%, but is still well below the February 2015 number of 85.2%.
This time the BSE100 reaches a record high on month-end basis
On a month-end basis, the BSE100 index reached a record high - 9021 on August 31, 2016 surpassing 8994 on February 28, 2015. Market Cap to GNP ratio rose to 78.5%, but is still well below the February 2015 number of 85.2%.
Please see last month's update, and also my blog of July 9, 2014 for the original note on using TMV/GNP ratio to gauge whether the market is cheap or expensive.
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