Stock market to remain range bound in 2009: Crisil
MUMBAI: Reiterating the significance of right timing while investing in equities, Crisil Research has said it expects the stock market to remain range-bound in 2009, after witnessing its sharpest decline in the history of Indian capital market last year. According to a latest Crisil Research report, data from January 1 until January 19, 2009, reveals that the benchmark indices Nifty and Sensex were down by three-four per cent due to concerns arising from the Satyam episode in India and negative global cues.
Crisil Research expects the market to continue to be range bound during the rest of 2009, the report stated.
“Early 2008 saw a strong bull run with the Sensex at exceedingly high valuation levels trading at around 22 times its forward earnings…considering the expected decline in corporate earnings and slower economic growth of 6-7 per cent in 2009, we expect Sensex to remain in the 8,500-10,700 range,” Crisil Research Head-Equities Chetan Majithia said.
In 2008, Indian equities registered their sharpest ever and most rapid decline in the history of Indian capital markets reflecting global market conditions and concerns over a slowing domestic economy.
An analysis by Crisil Research reiterated that importance of appropriate timing while investing in equities as an asset class as compared to other financial asset classes.
Further, the report revealed that despite the recent declines, both indices, the Nifty and the Sensex, have had a reasonable returns record since 1996 and 1979, respectively.
source: Economictimes
Tags: calls, daytrading, free calls, intraday, tips
Similar Posts:
Latest Query
- by Sam
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis