MUMBAI : The equity market zoomed up by 6,225.05 points during the year,the best gain in last five year. Also for the first time in history, investors have become rich by Rs 100 lac crore owing to stability in the government at the Centre and awaiting economic reforms. While two trading days are still to go, the Sensex ended at 27,395.73 points as compared to the last year close at 21,170.68 points.
At a glance during the year, BSE Sensex registered the lowest figure at 19,963 on February 4 and the highest figure at 28,822 on
November 28.
Even, the Nifty of National Stock Exchange (NSE) posted the lowest figure at 5,933 in February and on peak to cross 8000 mark level at 8,617 points, first time in history. The BSE Sensex posted a rally of 29 per cent during the year. Exactly five years back, the BSE Sensex had spurted by 7,817 points.
Similarly, Nifty of National Stock Exchange (NSE) too advanced by 30 per cent this year, the credit goes to political stability. However, this upward trend will be depend on speed of economic reform that take place in next five years. With a record-breaking rallies for most part of the year, the stock markets have outshined the gold and silver, for the third year in a row with much better returns for the investors in 2014. Riding high on robust investor sentiments, impressive foreign fund inflow and formation of a new majority government at the Centre, the stock market benchmark Sensex garnered a positive return of about 30 per cent for investors in 2014. The BJP-led NDA government which won elections with a solid margin over UPA has showcased a mandate, which is that of development and market expected that now decisions and actions would be taken to spur economic growth of India, market expert said.
(AGENCIES)
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