Sensex’s average gains in odd years stand at a robust 26.56%, more than double the modest 11.20% average gains in even years. Similarly, the median Sensex return in odd years is 18.74%, significantly higher than the 8.

The maximum return by Sensex in any odd year stood at 93.98 per cent against 50.68 per cent in the even year. The maximum fall for Sensex stood at 24.64 per cent in the odd year against 52.45 per cent in the even year.

Indian stock market benchmarks, Sensex and Nifty 50, faced significant losses on January 3 due to profit booking and a strengthening US dollar. The Sensex dropped over 700 points, while the Nifty 50 fell 200 points amid selling pressure across several sectors.

Falling IT, pharma, healthcare, and bank stocks caused the stock market to crash during the later trading hours