MUMBAI, Dec 25 (PTI): Riding high on sentiments, the stock market is gearing up for its best performance in five years, with a rally of over 6,000 points in the benchmark Sensex in 2014 -- which also saw the investors' wealth hitting Rs 100 trillion level for the first time in history.
With just four days of trading left this year, the Sensex has rallied by nearly 29 per cent so far in 2014 with a gain of 6,038 points -- the highest annual gain since the year 2009 when the bluechip index had rallied by 7,817 points.
Besides, the Sensex also has a chance to clock its second best ever annual rally this year, if it manages to end 2014 with a gain of over 6,500 points (recorded in the year 2007).
In percentage terms also, the rally this year is the biggest since 2009 (81 per cent).
The year also left behind a trail of bullish fervour even as market participants strongly feel that 2015 would belong to bulls with no major negative factor in sight and market driver foreign institutional investors (FIIs) all set to pour in their investments in Indian equities.
Experts attribute the rally in stock markets during 2014 largely to Narendra Modi's massive election win.
The other benchmark index Nifty has also gained nearly 30 per cent, while both the indices crossed several milestones before turning sluggish towards the end of the year amid sale of shares by foreign investors.
The Sensex clocked a peak of 28,822 points this year and currently stands at 27208.61 points, while coming a long way from a low of 19,963 points hit in February.
The Nifty also logged its low of 5,933.30 points in February and now stands at 8,174 points.
The year 2014 also marks the third consecutive year of gains for the stock market, after a sharp plunge in 2011. However, this year's gain is much higher than a 9-per cent rally (1,744 points for Sensex) in 2013.
Sensex gains over 6,000 points in 2014
FE Team | Published: December 26, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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