Monitoring the NaMo Bull Market in Stocks: Update as of end July 2014

Indian Stock Market Watch

                                              

                

July 31, 2014
Total Market Value (market cap.) of BSE Stocks as a % of GNP	76.9%
Source: RBI, BSE, our Estimates

                                         
                                                               

Please refer to my blog of July 9, 2014 for the original note on using TMV/GNP ratio to gauge whether market is cheap or expensive.