| Tech mkt analysis: Pull-back unsustainable |
| Rex Cano / Mumbai August 25, 2007 |
| While the global markets stabilised last week, our markets continued to witness considerable volatility, thanks to the Left/Congress stand-off over the nuclear deal. The indices eventually managed to post gains after four weeks of losses. After having dropped over 9 per cent (1,424 points) in the preceding four weeks, the Sensex last week gained 2 per cent (283 points). The index swung in a wide range of 809 points. From a high of 14,680, the index dropped to a low of 13,871, only to bounce back and end at 14,425. However, the pull-back was on low turnover (the daily traded average turnover for the last week dropped to Rs 4,343 crore on the BSE as against Rs 5,213 crore in the preceding week) and hence doesn |
