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2012 may not see Sensex 'leap ahead'
Leap years 2008, 2000, 1992 have not been great; this year may not be different. Leap years, which come with an extra trading day, have not brought any additional buck for the market. An analysis of annual returns of Sensex since its inception in 1979 show that leap years are, in fact, characterised by subdued returns for the benchmark. The average returns delivered by the benchmark Sensex during
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