written in 2006: No major correction since then, in the contents.

I am a novice even as of 2011 about the stock market. This is the drawback of this page / contents

The Market Crash across the World on 26 and 27th July 2007, notionally wiping out about a Billion Dollars, emphasises the need for Broad basing the share Market indices. The various comments in the TV channels by so called experts, Mutual Funds and FII Investors as well as the print media is based on Sensex and Nifty. In my view, it does lead to distorted and convenient interpretations.
 
 

Account the following in a new scale, say Broadex

1.  The new indices be broad based to have about 100 or 200 Scrips. It can also help reduce the daily Volatality

2.   The sectoral weightage be in accordance with their Sales / production position in the Manufacturing Sector or GDP.

Market Capitalisation is a notional figure that has validity only during the Non Trading hours !  Sales figures and not mere Market Capitalisation figures be the criteria for selection of a scrip in a particular sector or use the combination. Let it be made more meaningful.

 

	Errors and Omissions exempted.  If there be any unwanted oversights, mistake in content or suggestions for improvements,  I will be thankful for your feedback
	Personal website of R. Ranganathan M.Sc., [ MBA - IIMA]    Main / original content: after 2007: last minor modification, Aug 20,  2011