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Bloodbath on BSE – Predictions Come True

November 21, 2007

On the weekend of Diwali, our Analyst took time out to inform you all about the impending correction as soon as he was alerted by the FII report on India. We saw Bloodbath on the bourses today. BSE Bankex was hammered down and all the SENSEX stocks were down except TCS.

All the sectoral indices on BSE suffered losses. BSE Bankex (down 4.89% to 10,237.68), BSE Capital Goods Index (down 4.34% at 19,466.24), BSE Metal Index (down 3.78% at 16,656.36), BSE Realty (down 2.92% to 10,142.65), BSE PSU index (down 4.43% to 9,777.98), underperformed the Sensex.

BSE Oil and Gas Index (down 2.67% at 11,812.98), BSE Consumer Durables index (down 2.83% to 5,180.07), BSE Auto Index (down 2.43% at 5,209.58), BSE FMCG Index (down 2.76% at 2,137.03), BSE Health Care Index (down 2.26% at 3,856.92), BSE IT Index (down 0.61% at 4,029.76) and BSE TecK index (down 1.23% to 3,571.37), were outperformers.

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