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The Nifty’s 23 percent rebound from the lows of August (and also the lowest point for the year) has taken investors by surprise. But this recovery is still not as strong as some of the comebacks seen over the last few years. The biggest bouncebacks were in 2003 and 2009, when the index more than doubled from the lows of the year.
Intra-year recovery is recovery from lows of the year to year end price