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Sensex & Nifty vs. Gold

Date Sensex-30 Nifty-50 Gold (Rs, per 10 gms)
December 31, 2002 3,377 1,092 5,580
December 31, 2003 5,839 1,880 6,175
December 31, 2004 6,602 2,080 7,000
December 31, 2005 9,398 2,836 8,100
December 31, 2006 13,787 3,966 9,400
December 31, 2007 20,287 6,138 10,500
January 22, 2008 16,730 4,899 11,050


The point? Gold in Indian rupees doubled while the Sensex & Nifty indices went up 5-fold since 2002.

But - this period has been a strong, multi-year (once in a generation?) bull run in the Indian stock market. What happens to their relative performance if we now go through a 1-2 year bear market?

This entry was posted on Tuesday, January 22nd, 2008 at 10:00 pm and is filed under gold, sensex. 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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    One Response to “Sensex & Nifty vs. Gold”

    1. Krishna Says:
      January 23rd, 2008 at 12:37 am

      And more importantly what happens if we factor in oil into the calculation. I don’t think the Indian economy has yet felt any effects of the $100 oil phenomenon. The strong economy kind of cushioned it along with the cozy subsidies. Now, for the sake of argument pick up a choice of 1 or 2 year bear market an almost certain recession here in the US, and then what ?? Either the price of oil comes back to the $30-50 range or this once-in-a-generation bull run might turn from being a whimper today to being equal to water boared by Dick Cheney. I wish I knew the answer.