Sensex Crash

Says Vivek Kudva, President, Franklin Templeton Asset Management (India) Pvt Ltd: “We believe that the growth story of India is intact and a GDP growth of 7-8% is quite achievable.” The Sensex closed the week ended September 22 on 12,236 only, 376 points away from its previous all time high of 12,612. The downturn in May saw the Sensex crash to a low of 8,929, putting an end to its marathon bull run. But things have improved since then and the Sensex has recovered by almost 37% from the lowest point of the May downturn. Definitely, markets are recovering from the mayhem of May and the mood seems to be perfectly set for bulls to stretch the limits once again. Of course, one can never say with any certainty that the upswing in Dalal Street is a durable phenomenon.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006