Sensex, Nifty post best yearly gains since 2009

MUMBAI, Dec 31 (Reuters): The BSE Sensex and Nifty rose on Wednesday ending a record-setting year with hopes that the momentum would sustain in 2015 should the government announce additional economic reforms and the central bank start cutting interest rates.

The broader Nifty gained 31.4 per cent in 2014, posting its best gain since 2009 in a year marked by a series of record highs. In dollar terms, the index was the second best performer in Asia after Shanghai, according to Thomson Reuters data.

The benchmark Sensex closed 0.35 per cent higher at 27,499.42. It gained 29.9 per cent this year and fell 4.16 per cent in December.

The Nifty added 0.42 per cent at 8,282.70, but fell 3.6 per cent this month.

Meanwhile, according to analysts at top brokerage firms, 2015 would be another year of bull-run for investors, supported by the roll out of additional pro-growth reforms by the government and ease in monetary policy by the Reserve Bank of India (RBI).

The 30-share index closed at 27,499.42, up 95.88 points or 0.35 per cent. It touched a high of 27,527.24 and a low of 27,346.00 in trade today on Wednesday.

The Nifty was at 8282.70 up 34.45 points or 0.42 per cent. It touched a high of 8291 and a low of 8243.75 in trade today.