Get exposure to India’s Senex with ETFs, Exchange Traded Funds.
India’s Sensex rallied 17.34% yesterday on unexpected election results for its biggest one-day gain ever in its 30 year history. As shown in the bottom table below, the next biggest one-day gain came in March 1992 when the index rallied 13.14%. From its peak in January 2008 to its recent low, the Sensex dropped 60.91%. From its low, however, the index has now rallied 75.04% in just over two months. Even after this 75% gain, India needs to rally another 46.13% to reach its old highs.
Source: Bespok Research