BackSensex back to levels first seen last October
S&P BSE Sensex falls 2.33% to 27,457.58 points on Thursday as global cues added to impact of March futures and options expiry day
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The S&P BSE Sensex fell by 2.33% to 27,457.58 points on Thursday as global cues added to the impact of March futures and options expiry day. But the chart shows a more interesting fact—the Sensex is now at the same level it first reached back in October last year. For all the sound and fury, the market has essentially been running in the same place for the last five months.
The BSE Power and Realty indices reached their current levels as far back as 2006. The metal, and oil and gas indices, down on account of global prices, are at levels last seen in 2006 and 2007, respectively. And the capital goods index, which is supposed to reflect investment demand, is at levels first seen in October 2007. Clearly, large chunks of the market haven’t gone anywhere in the last few years.
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