India's Benchmark BSE Index Up By Almost 100%
MUMBAI -- Institutional buying in heavyweights and select blue chips in the last hour of trade helped Indian shares reverse early losses and end slightly higher Wednesday. The Bombay Stock Exchange's benchmark Sensitive Index ended up 0.5% at 15,903.83. The 30-stock index traded between a low of 15,695.11 and a high of 15,973.10 in a volatile session.MP: India's benchmark BSE Index is now just below 16,000, the highest level since May 2008 (see chart above), and now almost double the level of early March when India's benchmark index approached 8,000.
1 Comments:
It makes me wary when price rises are extolled with nary a word on earnings, P/E's, market caps relative to the economy and future stock earnings growth prospects. I guess Bubble-Mania's (redundant?) sign is an absence of rationality.
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