Indian Stock Market 208 http://stockmarketservise.blogspot.com/... Indian stock market or for that matter the stock markets world over experiencing bad times after going through a good bull run for almost 3 years. Sensex went from 5000 points when the NDA government fell 4 years back to almost 22000 recently. At an optimistic growth rate of 35% in earnings, we should have reached around 16500 points. So 22000 was definitely a high overvalued range.