Friday’s 515-point rise in the BSE Sensex to 9810.46 was not a surprise for market observers as every meltdown in the past had offered buying opportunity and huge returns in short-term.

The BSE Sensex fell over 1,700 points between January 14 and May 17, 2004, and bounced back. Even at yesterday’s level of 9,300, the Sensex shows over 100 per cent appreciation over its May 17, 2004, level of 4,505. Read the rest of this entry »