Pre-budget and Post Budget Market Performance

Pre-budget and Post Budget Market Performance
	BSE Sensex			% Change
Year	One Month Before Budget	Closing on Budget Day	One Month After Budget	Month Pre Budget	Month Post Budget
1991	982	1,220	1,168	24.2%	4.3%
1992	2,214	2,831	3,802	27.9%	34.3%
1993	2,681	2,652	2,225	-1.1%	-16.1%
1994	4,054	4,286	3,776	5.7%	-11.9%
1995	3,506	3,487	3,460	-0.5%	-0.8%
1996	3,925	3,808	3,406	-3.0%	-10.6%
1997	3,526	3,475	3,361	-1.4%	-3.3%
1998	4,007	3,643	3,231	-9.1%	-11.3%
1999	3,293	3,400	3,683	3.2%	8.3%
2000	5,336	5,447	5,041	2.1%	-7.5%
2001	4,330	4,274	3,788	-1.3%	-11.4%
2002	3,318	3,562	3,469	7.4%	-2.6%
2003	3,250	3,284	3,115	1.0%	-5.1%
2004	4,962	4,844	5,197	-2.4%	7.3%
2005	6,556	6,714	6,511	2.4%	-3.0%
2006	9,920	10,370	11,086	4.5%	6.9%
2007	14,091	12,938	12,884	-8.2%	-0.4%
2008	17,649	17,579	16,371	-0.4%	-6.9%
2009	15,104	??	??	??	??
Average since 1991				2.80%	-2.1%
Standard Deviation since 1991				9.2%	11.1%