The sensitive index - Sensex has remained less susceptible to the global upheaval in the month of May. The index has fallen less when compared to the major indices of the world, except that of Germany.
During May 2010 (till May 27), Sensex fell 5.42% — 952.3 points, to be at 16,606.40 (May 27) from 17.558.70 as on April, 30, 2010. BSE-30 has been the best performer among BRIC nations by falling the least. As per details available from BSE website, FIIs have pulled out over Rs12,657.64 crore in May.
Inspite of crises in Europe Germany's stock index - DAX has fallen just 3.24% during May - least among all the leading world stock indices. Dow Jones of US too has registered fall of 6.81%.
Among BRIC countries, Russia's-RTSI has fared the worst with its index crashing 13.62% in May from the level of 1,572.80 to 1,358.60(as on May 27, 2010).
During the same period, Brazil's stock index-Bovespa tanked 8.05% to 62,092.Shanghai Composite of China too fell 7.48% in the month to 2,655.92(as on May 27, 2010). Interestingly, Sensex is trading just 8% lower from the 52-week high of 18,047.90, which is one of the best show among other stock indices.
Among the BRIC nations alone, China and Russia have fallen 23.64% and 19.40% respectively from their 52-week high, while Brazil too has crashed by over 13.75% during the same period.
Stock indices of Japan and China are just 6% and 6.5% away from their respective 52-week low marks.
"Indian economy is on strong footing which isevident from the GDP growth numbers. Out performance among world indices is likely to continue with monsoons expected be good and on time this time around which will help the farm output," said Alex Mathews, research head, Geojit BNP Paribas Financial Services.
Mathews said, "It was said at the Organisation for Economic Cooperation and Development (OECD) forum that India, China and Russia are powering ahead, which gave further boost to the markets."
During May 2010 (till May 27), Sensex fell 5.42% — 952.3 points, to be at 16,606.40 (May 27) from 17.558.70 as on April, 30, 2010. BSE-30 has been the best performer among BRIC nations by falling the least. As per details available from BSE website, FIIs have pulled out over Rs12,657.64 crore in May.
Inspite of crises in Europe Germany's stock index - DAX has fallen just 3.24% during May - least among all the leading world stock indices. Dow Jones of US too has registered fall of 6.81%.
Among BRIC countries, Russia's-RTSI has fared the worst with its index crashing 13.62% in May from the level of 1,572.80 to 1,358.60(as on May 27, 2010).
During the same period, Brazil's stock index-Bovespa tanked 8.05% to 62,092.Shanghai Composite of China too fell 7.48% in the month to 2,655.92(as on May 27, 2010). Interestingly, Sensex is trading just 8% lower from the 52-week high of 18,047.90, which is one of the best show among other stock indices.
Among the BRIC nations alone, China and Russia have fallen 23.64% and 19.40% respectively from their 52-week high, while Brazil too has crashed by over 13.75% during the same period.
Stock indices of Japan and China are just 6% and 6.5% away from their respective 52-week low marks.
"Indian economy is on strong footing which isevident from the GDP growth numbers. Out performance among world indices is likely to continue with monsoons expected be good and on time this time around which will help the farm output," said Alex Mathews, research head, Geojit BNP Paribas Financial Services.
Mathews said, "It was said at the Organisation for Economic Cooperation and Development (OECD) forum that India, China and Russia are powering ahead, which gave further boost to the markets."
