The stock markets have reported their 4th biggest monthly fall since inception, after the FIIs started pulling out their investment from equities on concerns that rising inflation and interest rates (RBI raised the interest rates by 0.25% - 7th time since Mar’10) may dent the profit growth of India Inc. in the near future. If we will look towards GOLD then definitely it looks soothing as gold has been corrected around 3.1% in first month of 2011 as gold (INR per 10 gm) was 20,585 in Dec. 10 and 19,945 in Jan. 2011 but if we'll turn towards Crude then it doesn't looks in comfort level as it has been surged around 7.63% in Jan 11 (Dec’10 $ 92.25 per barrel - Jan’11 $99.29 per barrel).
• BSE Sensex continued the trend of last 3 years and once again decline in the opening month of the calendar year. Sensex lost 2,181 points or 10.64% in Jan’11 to close at 18,328, making it the worst monthly decline since Oct’08 when it lost 23.89%.
• Sensex ended in red 14 times out of 20 trading days in the month, while FIIs took outbound flight 15 times in the month, selling equities to the tune of over $1 billion. The fall in Sensex would have been much steeper but for buying by DIIs (DIIs were net buyers 13 out of 20 trading days in Jan’11).
• More than 800 stocks touched a 52-week lows in the past one month and included the likes of Reliance Industries and DLF.
• MTNL, NHPC, Ackruti City and JSW Energy were among the 65 stocks that hit all-time lows on the BSE.
• BSE Sensex continued the trend of last 3 years and once again decline in the opening month of the calendar year. Sensex lost 2,181 points or 10.64% in Jan’11 to close at 18,328, making it the worst monthly decline since Oct’08 when it lost 23.89%.
• Sensex ended in red 14 times out of 20 trading days in the month, while FIIs took outbound flight 15 times in the month, selling equities to the tune of over $1 billion. The fall in Sensex would have been much steeper but for buying by DIIs (DIIs were net buyers 13 out of 20 trading days in Jan’11).
• More than 800 stocks touched a 52-week lows in the past one month and included the likes of Reliance Industries and DLF.• MTNL, NHPC, Ackruti City and JSW Energy were among the 65 stocks that hit all-time lows on the BSE.
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