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Reserve Bank of India: August 2007 Bulletin »

Asian markets in the red, Sensex at 200-dma

A sea of red this morning across Asian markets:

Asian markets down

With US indices breaking below their 200-day moving averages, and no sign of a significant bounce-back anywhere, will the Sensex also make a trip to its 200-ma ~ 13800?

Bombay Sensex-30 index & 200-dma chart

Note also the (temporary?) decline in volatility.

This entry was posted on Thursday, August 16th, 2007 at 8:03 am and is filed under sensex, statistics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    2 Responses to “Asian markets in the red, Sensex at 200-dma”

    1. Gambler Says:
      August 16th, 2007 at 9:17 am

      Please post a special message when Nifty P/E comes to 12.

    2. Kaushik Says:
      August 16th, 2007 at 9:51 am

      Per the NSE website, the current P/E on the Nifty is almost 20. It would take a 40% correction before I can post that special message. I doubt it’ll happen anytime soon. And if it does, there will be lots of interesting stuff to write about :-)