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Charts & Analysis

Market Snapshot: Index P/E Goes Below 18

This week has killed the index, which fell 7.2% to go down just 3% above the last critical low of 4747.

Indian Market Snapshot

(Click for larger image)

It has been an incredible trend down, almost as steep as the way up.  Sectors for the week and month:

Sector Weekly Moves

Sector Month Moves November 2011

Altogether very destructive for the markets – and much more for realty, banks, metals and in general, midcaps. Realty stocks have now fallen 43% for 2011.

With a few hiccups and rallies I expect the overall trend to continue.

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