Sensex at best in 5 years |
Riding high on the sentiments, the Indian stock market on December 25 seemed gearing up for its best performance in five years with a rally of over 6,000 points in the benchmark Sensex in 2014. Investor wealth hit Rs. 100 trillion mark for the first time in history. With just four days of trading left in 2014, the Sensex has rallied by nearly 29% so far in 2014, the highest annual gain since the year 2009 when the bluechip index had rallied by 7,817 points. Experts attribute the rally in stock markets during 2014 largely to the thumping mandate given in general elections to Narendra Modi-led government at the Centre and the subsequent boost to the investor sentiments. The other benchmark index Nifty has also gained nearly 30%, while both the indices crossed several milestones before turning sluggish towards the end of the year amid sale of shares by foreign investors.
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