Volumes Do Not Voucher Sensex March

The stock markets have been witnessing erratic movements since the beginning of this year. Uncertainty on the political front coupled with an industrial slowdown have taken toll of the bourses.

Relief came as March began, and the 30-scrip Bombay Stock Exchange sensitive index moved up steadily, gaining close to 20 per cent during the month. But this rise is not substantiated by huge volumes that characterise bull runs.

The data made available by the Bombay Stock Exchange (BSE) presents an interesting trend.

A comparative study of the figures for January and February show that despite the Sensex moving up from 3224.36 to 3622.22 points, the volume of turnover during the same period has actually dipped in three categories