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Investment Analysis and Portfolio Management by R. Madhumathi, M. Ranganatham

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17

Portfolio Management

Chapter Query

In the first week of January 2003, shares lost ground successively as the absence of support from foreign funds disappointed investors. The BSE/NSE heavy weights Reliance Industriesand the SBI reported big losses in the bourses. The BSE Sensex went down by 23 points. Losers beat gainers in the ratio of 2:1 on any specif icday of trading in this week. The Sensexfell for most of the newyear largely due to fallen investment hopeson offshore funds, majorsellers in the end of 2002, which had not really taken off.

In the local bullion market in India, standard gold and ornaments gained another Rs 10 each at Rs 5,710 and Rs 5,560 per 10 grams, respectively, in the first week of January 2003 and at the end of ...

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