Mkt breaks 2-month jinx, rallies 10% in March series

% Change
Month	Sensex	Nifty
January	-8.36	-8.15
February	-5.63	-6.10
March	10.28	10.85
Q1CY11	-4.63	-4.39

However, the first quarter of CY11 was quite bad for the market as benchmarks plummeted over 4%. FIIs were net buyers to the tune of more than Rs 6,000 crore worth of equity shares in the month of March while they were net sellers of more than Rs 10,000 crore in previous two months (January and February). Nilesh Shah, president (corporate banking) of Axis Bank said there are contrarian investments coming into the market. "There was some bottom fishing done by the long-only funds," he said.   It seems that market has factored in all negative news like Japan crisis and even crude also stabilised for the time being. Nitin Rakesh of Motilal Oswal says that India has been one of the best performing markets from a global perspective.