On the last trading session of the year, sentiments rolled on a high note today in the markets. The markets really looked blazing and shining with Sensex figures touching a 20-month high on the culminating day of the year. The reason behind such a bullish rally can be boiled down to the fact that liquidity levels are high for global markets and US dollar has seen some dip. Moreover government’s decision to go forward with stimulus package will further foment liquidity. The country is expecting a growth of 6.7% over the last years GDP figures which is credible enough in lieu of a grim global recession.

On an year on year basis the 30-share index has managed to achieve 80% higher figures in 2009.Markets closed at 17464.up by 0.70% which is 120.99 points above previous day close. The market spanned from a value of 17530.94(high) to 17365.37(low). The other bourse NIFTY ended up 31.60 points at 5201.05 which is 0.61 % higher than previous close. Nifty touched a 52-week high of 5221.85 and a lowest value of 5168.75. The Midcap Index rose 0.31% and small cap index surged 0.60%.Taking into account the other indices -capital good index grew by 1.10% ,oil and gas rose by 1%,power by 1.16%,FMCG by 0.19% and health care by 0.14%.

The last year has been real fruitful one for retail long term investors .The equity investors got an opportunity to buy stocks in an economy which is slated to grow at 8% on a continuous basis. The Indian markets is being seen is a real potential market for equity investors across the world which is exemplified by the fact that FIIs and FDIs have cumulatively seen an inflow of 35$ billion in this financial year .Furthermore the inflows are expected to continue. JP Associates, BPCL, SBI, M&M, Ambuja cement were amongst biggest gainers in NIFTY .Idea, DLF, PNB, Jindal  ,Steel ,Reliance Communications.

BSE is going to see a huge metamorphosis with its new trading time of 9:00 am IST to 3:30 IST when it resumes on Monday after tomorrow’s holiday. The new timings will bring with itself a huge culture change in trading. We wish all our readers a very happy and prosperous New Year 2010.

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