Two years ago, Sensex soared to an impressive 85,000, but the market has seen a steep decline since then. This downturn is attributed to several factors, including high crude oil prices and geopolitical instability. Analysts believe a change in macroeconomic conditions could help the index bounce back, relying heavily on the performance of large-cap stocks and improved earnings. Investors should be discerning, focusing on high-quality stocks in this challenging environment.