Indian stocks best performers in 2009
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Indian stocks best performers in 2009

By SiliconIndia   |   Monday, 29 June 2009, 03:32 Hrs   |    11 Comments
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Indian stocks best performers in 2009
Bangalore: Indian stocks emerged as the best performers by giving investors the highest return of nearly 60 percent in 2009 so far. It has outperformed its global peers, including the U.S., the U.K. and China, which gave returns of 2.33 percent, 10.17 percent and 36.77 percent respectively.

According to an analysis of MSCI Barra indices, Indian stocks have provided a return of 59.30 percent year-to-date, against 34.37 percent gains provided by MSCI Barra's emerging market index, covering all developing nations.

Among the emerging BRIC (Brazil, Russia, India and China) nations, the Brazilian and Russian markets seemed to be slight closer competitors with gains of 56.89 percent and 41.61 percent respectively in the year so far.

The 30-share benchmark index of Indian stocks, Sensex, gained over 5,000 points in the year so far to settle at 14,764.64 points on June 26 compared to 9,600 levels on December 31, 2008.

Other emerging markets which gave over 50 percent returns so far this year include Indonesia with 55.85 percent and Chile with 51 percent.

Analyst believed that the decisive mandate in favor of Congress-led UPA in the recently concluded general elections helped Indian markets to rise on the positive global cues.

An analyst from a leading brokerage said, "The Indian stocks have been on a recovery path primarily in the past three months due to election results and on expectation of new government spurring the economic reforms in the country in the days to come."

Meanwhile, other developed markets including Canada gave 25 percent returns, Sweden (21.42 percent), Norway (24.70 percent) and Japan (2.45 percent), according to the data.

Further, Indian stocks have also performed significantly better in the past three months by period up to June 26 and have given foreign investors returns of 62 percent.

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Reader's comments(11)
1: I would like to Caution the Investers in share market. please read the Gurumurthy article before investing. Something is wrong with the share market. There seems be some unknown foreign investors in the market who are just here to make money and go away.HWo are they -govt seems not bothered. share market will Crash again within few months.
Posted by:Jayasankar - 01 Jul, 2009
2: Why are we all so happy about the stocks. Do you know that from End of 2008 i.e., Dec 2008 due to recession lot of people have lost there jobs. They have become unemloyed. The above comment is just a fake so show that india is growing because of congress.
Posted by:Gupta - 30 Jun, 2009
3: why are we going gongo about the stock market upward spiral in 2009. What about the disaster it created with its sudden plunge and as a result made a number of investors to sustain unprecedented losses. Do not look at the market rise in isolation during 2009. Take the earlier plung in to the calculation. The picture is far from rosy.

Muthukrishna Pisupati
Posted by:Muthukrishna Pisupati - 29 Jun, 2009
4: Absolutely..the rate of retrenchment speaks alongwith the turn overs... hope the performance touches the sky!
Posted by:lalita thakur - 29 Jun, 2009
5: That sounds funny. Go and ask Millions of middle class who wrote of Billions of INR last year. I am one of them still holding bluechip MFs
Posted by:Dallas_Reader - 29 Jun, 2009
6: Those who differ on the description, and the fact of the UPA favored results of the elections having something to do with the economy please explain yourselves further.
Posted by:explain - 29 Jun, 2009
7: haha...this is called as world in a well or my world is my well.
Posted by:karan - 29 Jun, 2009
8: This is a shallow view. The huge upside this year is because of the huge downside from 2008.
Posted by:Raja B - 29 Jun, 2009
9: It is meaningless to do two things

1. Measure only Year-to-date data
2. Measure only in local currency

A more honest analysis, and the type real investors review, would include 12 month returns and/or annualized 3-5 year returns.

In addition, the depreciation of the rupee would have reduced investors (FIIs) gains in Dollars or Euros.
Posted by:Rahul - 29 Jun, 2009
10: These all are getting possible in India because of dependability on domestic market.
Posted by:jumbo - 28 Jun, 2009
proud to be indian an independent of others
Abhishek Sharma Replied to: jumbo - 29 Jun, 2009