On August 7, BSE's market cap had closed at Rs 139.5 lakh crore, an all-time high. During the week, the sensex lost about 1,100 points, or 3.4%. "The current meltdown is more than welcome," said Arun Kejriwal, director, KRIS, an investment advisory firm. "Since it has brought down the gap between the richly valued stocks and the fairly valued ones by a few notches. However, there's a possibility of a short-term bounce-back during the later half of next week," he said.

Source: Times of India August 11, 2017 20:12 UTC