During the last global recession, US, Europe and Asian markets started their fall since Oct 2007. By December 2007, these markets had lost significantly, but during the same period, the Indian markets rose prompting the bulls to emphasize on India growth story and claim that Indian markets were de-coupled from the west and therefore the woes in the West will not have any effect on India. But what happened from Jan 2008 to Feb 2009 made those optimists to swallow their words and de-coupling theory was shown the dust bin. But in the last month or so, while all world indices are perorming well, Sensex and Nifty are plummetting. Commodity dominent Bovespa is the only one giing India the company. Does this mean: Indian Stockmarkets are finally decoupled from the West, the other way round? Rajendra
