The Preferred Small Ones

Eight months into the year and things aren’t any better than they were at the start, with the Indian stock markets, that is. The sob story continues. The Sensex shedding points during a day’s trade isn’t ‘breaking news’ anymore. While the 30-share BSE Sensex has been down by nearly 29 per cent (January 08, 2008 to August 08, 2008), it is the 488-share BSE Small-cap Index that has been burnt most severely, shedding nearly 48 per cent during the same period. When things turn bad, quite often those bringing up the bottom suffer the most.

This article was originally published on October 08, 2008.