GalaTime

• BCA Research: Commodity Plays: Further Upside Ahead

• Mint: Gold ETFs yet to shine, but analysts are upbeat
  

Gold ETFs have seen only a total investment of Rs 480 crore in 3.4 tonnes of gold during the whole of the fiscal year that ended 31 March. That compared with a daily turnover of around Rs6,000 crore in the gold futures market.

. . . in a gold-savvy country such as India, which is believed to have consumed 750 tonnes of the metal in 2007, gold ETF schemes were yet to reach comfortable levels even a year after they were launched.

Average daily gold volume in the futures market, which was worth around Rs3,800 crore in 2005, went up to Rs4,500 crore the next year and is around Rs6,000 crore now.

• DNA: Small stocks on fire as Sensex treks back up

. . . during the 15% recovery of the Sensex in the last one month, a whopping 562 stocks in the mid- and small-cap space outperformed the benchmark. Of these, 385 were constituents of the 493-stock BSE Small cap, while the remaining 177 belonged to the 277-share BSE Midcap index.

. . . 86 stocks - 20 mid-caps and 66 small-caps have delivered returns of 50% or more.

I expect this to continue on account of differential in valuations, rebound in trading volumes, & mean reversion in relative performance.

This entry was posted on Wednesday, April 30th, 2008 at 8:14 am and is filed under commodities, gold, 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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