When the Bombay Stock Exchange’s benchmark Sensex tanked by around 60 per cent from its peak at the height of the global meltdown, there were many people who felt that the markets had turned cheap. But after dithering for some time, the market gathered momentum. Many investors felt left out as the market started to move up following the increasing inflow of Foreign Institutional Investor’s money.

Things took an even more dramatic turn after the recent general election results. The market welcomed the newly elected government, which it viewed as more reformist and helped the Sensex rise by a record 17 per cent.