Mumbai/New Delhi, December 31: Year 2009 turned out awesome for Dalal Street as punters saw wealth doubling to over Rs 60,00,000 crore as foreign investors parked their faith as well as money in the world’s second fastest growing economy.
It ended the year at 17,464.81 points, up 7,817.50 points (81 per cent) from the year ago level. It was up 120.99 points over yesterday’s close, mainly driven by market leader Reliance Industries and IT major Infosys.
Starting on a slow note, the stock market was hit by a purple patch with the re-election of the UPA government in May and shares gained in leaps and bound from thereon.
Market analysts predict the rally in stock market would continue in the 2010 with the benchmark index Sensex expected to scale back its record 21,000 level by the end of the New Year.
–Agencies