Beginning next week, corporate results will start streaming in, giving strength to a market that has almost quadrupled over the past three years --- from under 3,000 in April 2003 to over 11,700 today. If a person had invested Rs 1 lakh in the Sensex in 1979, when the index was conceived (it came into force in 1986, but with 1979 as its base), he would be sitting on more than Rs 1 crore today. Which means a return of over 19 per cent per annum.
Opinion in The Indian Express, April 05, 2006
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