Indian markets are on a strong uptrend. Today both BSE and NSE closed at an all time high with the total market turnover at Rs 48795.28 crore verses Rs 42985.67 crore on Tuesday. Sensex closed at 13706.53 and the Nifty at 3954.7.

Experts feel that the inherent strength of the Indian market is strong and sturdy and it is not a matter of concern even if one witnesses some correction. This underlying strength is proved by the comparison of the stock market losses and gains of the four BRIC countries, Brazil, Russia, India and China.

Most of the global indices crashed during May, which was primarily brought by the meltdown of the global metal index. Bovespa, RTS Index, Sensex, Shangai Composite, the respective indices of the BRIC group, started bouncing back around June 15.

Between May 11- June 15, indices like Bovespa, RTS Index and Sensex respectively had lost by 19%, 26% and 28%. India and Russian stock markets started recovering from June 15, while Brazil's bounce back started from June 16. China unlike others did not suffer much during the May crash. Infact, the Shangai Composite started falling from June 7 and recovered on June 16.

If we compare, the above-mentioned indexes recovery in terms of percentage return, one will see that Sensex had recovered the most in comparison to the other indices. 

Bovespa recovered by 20.87% while it fell by 19%, RTS Index fell by 26% and recovered by 27.20% and Sensex recovered by 42.67% and had fallen by 28.19%.

Talking about the May crash, Ruchir Sharma, Managing Director and Head of Emerging Market at Morgan Stanley, told CNBC-TV18, “Some emerging markets are still working that( May crash) out, India obviously had a more spectacular comeback than many other emerging markets.