Indian Stock Market Watch
On a month-end basis, market capitalisation of stocks on BSE reached an all-time high of Rs 117,593 bill. As a percentage of GNP, however, the estimated ratio is well below the the 85.2% mark reached in February 2015 and 100.7% mark reached in September 2010.
Please see my blog of July 9, 2014 for the original note on using TMV/GNP ratio to gauge whether the market is cheap or expensive.
On a month-end basis, market capitalisation of stocks on BSE reached an all-time high of Rs 117,593 bill. As a percentage of GNP, however, the estimated ratio is well below the the 85.2% mark reached in February 2015 and 100.7% mark reached in September 2010.
Please see 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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