Sensex beats Dow by huge margin
Business Standard|September 28, 2022
The US benchmark Dow Jones slipped below its pre-pandemic high on Monday as investors continued to dump equities due to rising bond yields, but the Sensex is still 36 per cent higher than its January 2020 high.
KRISHNA KANT
Sensex beats Dow by huge margin

The US equity benchmark closed at 29,260.81 on Monday-nearly 1 per cent down from its pre-pandemic closing high of 29,551.52 made on February 12, 2020. With this, the Dow is now down 20.5 per cent from its post-pandemic high of 36,799.65 made in January this year. This potentially pushes the US equity market into bearish territory.

In the equity market, a sustained 20 per cent decline in benchmark indices from their highs is an indication of the end of a bull market and the start of a bear cycle. The Indian equity market is, however, a global outlier and remains firmly in the bull phase-both in local currency and in constant currency terms.

 

This story is from the September 28, 2022 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the September 28, 2022 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
China Realty Crisis Ripples Through Its Biggest Banks
Business Standard

China Realty Crisis Ripples Through Its Biggest Banks

China's protracted property downturn is eroding the balance sheets of the nation's largest state banks as their bad loans creep up.

time-read
2 mins  |
March 29, 2024
Essential Drug Prices To Remain Flat In 2024
Business Standard

Essential Drug Prices To Remain Flat In 2024

Prices have risen 10-12% two years

time-read
2 mins  |
March 29, 2024
Tejas Mark-1A Makes Its Successful First Flight
Business Standard

Tejas Mark-1A Makes Its Successful First Flight

The first Tejas Mark-1A fighter aircraft took to the skies from the Hindustan Aeronautics Limited (HAL) facility in Bengaluru on Thursday.

time-read
2 mins  |
March 29, 2024
Business Standard

Enhance portfolio resilience by investing in MNC fund

When the equity markets turn volatile, investors look for funds that can weather difficult times.

time-read
2 mins  |
March 29, 2024
Business Standard

Listing plans of housing finance arm spur Bajaj Fin

Stock trading higher for seventh straight day, rallied 13% over past two weeks

time-read
2 mins  |
March 29, 2024
Business Standard

Valuation concerns may limit gains for Phoenix Mills

From its highs last month, the stock of mall developer and commercial real estate major, The Phoenix Mills is down about 5 per cent.

time-read
2 mins  |
March 29, 2024
Business Standard

Sebi cancels registration of Karvy

Capital markets regulator Securities and Exchange Board of India (Sebi) on Thursday cancelled the registration of Karvy Investor Services Ltd (KISL) as a merchant banker for breach of eligibility criteria.

time-read
1 min  |
March 29, 2024
Business Standard

48% active largecap funds outperformed last year

The active largecap mutual fund (MF) schemes showed an improved performance in calendar year 2023 compared to their longer-term track record, according to the S&P Indices Versus Active Funds (SPIVA) report.

time-read
1 min  |
March 29, 2024
Business Standard

Zerodha Fund House AUM up by ₹500 cr in 40 days

Zerodha Fund House, a between joint venture Zerodha and smallcase, witnessed substantial growth with its Assets Under Management (AUM) surging ₹500 crore in just 40 days, taking the total tally to cross ₹1,000-crore mark.

time-read
1 min  |
March 29, 2024
ICICI Securities gets approval from shareholders for delisting
Business Standard

ICICI Securities gets approval from shareholders for delisting

Broking and investment banking outfit ICICI Securities has secured shareholders' approval to delist the stock.

time-read
2 mins  |
March 29, 2024