Mkts sign off year on new high

If 2008 was the yr of surprise and heart breaks for investors on dalal street, 2009 would go down as the yr that witnessed the wildest swing in the fortune of those who deal in stocks and shares.The proof is in numbers: From a low at 8,100 in early march, the BSE sensex- the street's most loved barometer- is now within touching distance of 17,500.
A major part of this turnaround came on the back of foreign funds who pumped in nearly $17.5 billion into india, and domestic institution mainly the insurance firms, too contributed handsomely, pumping in rs 26,200 cr.
the extreme pessimism at the beginning of the yr made way for rising hopesd in may as soon as Manmohan Singh was handed a stronger mandate than anybody evar imagined by the indian electorate.For the first time ever, stock market were closed for the day after just two minutes of trading as sensex hit the second upper circuit to end the day with a gain of 2,100 points.
Since the new govt came into power sensex has gained 22% to 17,465 now. with a 81% gain in 2009, veterans feel that 2010 could be agood yr, but repeating the yr just went by may not be possible.