India, March 19 -- On Monday morning (10.30 am; March 16, 2026), the Sensex was just over 74,000 points, or down almost 14 per cent from its high of nearly 86,000 in December 2025. Now, it is up more than 2,500 points within three trading days. The almost-unstoppable, ever-rising index, with minor, almost irrelevant, intra-day dips, has surprised, even shocked even the most optimistic investors. Even the Nifty Small-Cap 100 index gained almost four per cent from its Monday's lows. Yesterday, the gains were bolstered by one of the most battered sectors over the past several months, IT and software. Somehow, excitement and enthusiasm seem to have returned on Dalal Street.

Most people cannot fathom this change, from a feeling of doom last w...