Trend shows distinct lack of interest in bourses
Volatility in the stock markets hit a 10-year low in the financial year ended March 2003.
The volatility in stock prices, as indicated by the difference between the high and the low of the 30-scrip Bombay Stock Exchange (BSE) sensex during the year, fell to a 10-year low of 710 points.
The previous lowest difference between the high and the low of the index was recorded in fiscal 1995-96 at 791 points.
In 2002-03, from a high of 3538 on April 5, 2002, to a low of 2828 on October 28, 2002, the fall in sensex translates into just 710 points. This signifies lack of trading interest in the stock markets, brokers said.
The decline in the average daily volume on the BSE and the National stock Exchange (NSE) during the last twelve months
