Indian stocks 2nd best performers globally in 6 yrs: Economic Survey

Indian stocks 2nd best performers globally in 6 yrs: Economic Survey
PTI
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First Published: Thu, Feb 25 2010. 12 53 PM IST
Updated: Thu, Feb 25 2010. 12 53 PM IST
New Delhi: Boosted by a strong recovery in 2009, Indian stock market emerged as the second best performer among global peers in the past six years with a return of 199% for investors, the Economic Survey said today.
For the six-year period ending December 2009, the Indian stock market benchmark Sensex posted a positive return of 199.1% with the index at 17,465 points.
The Indonesian market has given the biggest return to investors, as Jakarta Composite Index registered a jump of 264.1% to 2,510 at the end of December 2009, the Economic Survey tabled today in the Parliament stated.
The Japanese market was the only one to have recorded negative returns in the period under review. The third best six-year return of 116.9% was given by China, followed by 104.4% in South Korea and 74.2% in Hong Kong, the Survey said.
As per the Survey, this time Indian stock market has posted better returns compared to the 65.2% returns for five-year period ending 2008. At the end of 2007, Indian markets gave a record high return of 247.4% over 2003- end level, it was lower than 296.8% return in Indonesia.
“During 2009, the Asian stock markets were on recovery path. The cumulative change in global indices in end December 2009 over the end December 2003 level revealed a significant rise in these indices across countries,” the pre-budget Survey of 2009-10 showed.
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First Published: Thu, Feb 25 2010. 12 53 PM IST
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