January 28th, 2011
Econintersect (Mumbai): January has another trading day to go, but, unless Monday sees a significant rally, this month will see the largest one month decline since the market bottom of March 9, 2009. The decline in the BSE Sensex for the month thus far is 9.8% and the index is 10.3% below the high close on November 9, 2010. Follow up:
Follow up:Indian stocks have rallied 157% from March 9, 2009 to November 9, 2010 and at Friday's close remain 129% above the bottom. However, when looking at the Sensex since early 2010, it is seen that the recent decline has given back approximately half of the gains for 2010 through November 9.
From The Times of India: