Comments on: Sensex gains 1.8 pct, Satyam surges http://blogs.reuters.com/moneyonthemarkets/2009/04/06/sensex-gains-18-pct-satyam-surges/ A maturing market amid the mayhem Thu, 22 Nov 2012 11:50:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: A.Kapoor http://blogs.reuters.com/moneyonthemarkets/2009/04/06/sensex-gains-18-pct-satyam-surges/comment-page-1/#comment-81 A.Kapoor Tue, 07 Apr 2009 04:51:00 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=356#comment-81 Sensex continues with its productive run.It is now up 2,909 points(29.09%)since 9 March.It is +199 points(1.92%) over previous 90 days but -1267 points(10.73%) over previous 180 days.It has risen in 14 of last 17 sessions(82.35%). P/E ratio is 14.78.It appears on higher side and not in line with expectation of lower profits in 2008-2009.RSI is now standing at 71.19. The market has reached an overbought zone.A bit of correction is now due. Sensex continues with its productive run.It is now up 2,909 points(29.09%)since 9 March.It is +199 points(1.92%) over previous 90 days but -1267 points(10.73%) over previous 180 days.It has risen in 14 of last 17 sessions(82.35%).

P/E ratio is 14.78.It appears on higher side and not in line with expectation of lower profits in 2008-2009.RSI is now standing at 71.19.

The market has reached an overbought zone.A bit of correction is now due.

]]>