New Delhi: Making a quick recovery from the
impact of the global downturn, the Indian stocks emerged as
one of the best performers in 2009 as compared to their peers
from across the world including China and other developed
countries.
According to an analysis by MSCI Barra indices, a measure
of returns from various stock markets across the world for
foreign investors, the Indian stocks have given 100.50 per
cent returns as compared to just 58 per cent provided by the
Chinese stocks in 2009.
Among the emerging BRIC (Brazil, Russia, India and China)
nations, the Indian stocks gave the second highest returns
after Brazilian shares, which gained 121 percent in the past
year.
While, Russian stocks also performed quite well with
100.3 percent return for investors, as per the analysis of
performances of Morgan Stanley Composite Indices for various
nations.
The 30-share benchmark index of Indian stocks, the
Sensex, gained over 7,800 points in the past year to settle at
17,464.81 on December 31, 2009.
Indian stocks have even outperformed the MSCI Barra's
emerging market index's, which includes all the developing
world markets gain of 74.5 percent in 2009.
Among the developed world markets, most of them pulled
out the woods by the end of 2009, but could not give
outstanding gains like the emerging markets.
The US stocks ended the year with 24.2 percent returns
for investors, while Japanese stocks gained just 4.4 percent.
European markets like Norway and Sweden performed
significantly well with 82 percent and 60 percent gain,
respectively in 2009.
Besides, the Indian equities also came second in terms of
yearly returns as compared to its peers in the emerging Asian
countries with Indonesia topping the pack with 120 percent
gain in the 12-month period.
According to an annualised historical return analysis,
Indian equities have provided returns of just 6.24 percent in
the past three years and close to 20 percent while taking
into account the last five years and 12 percent in the 10
years period.
The sharp revival in the Indian stocks have also
attracted foreign investors to flock back again in the world's
second fastest growing economy in the past year.
Foreign Institutional Investors (FIIs) have bought Indian
equities worth a whopping over Rs 80,000 crore in 2009 after
their flight away from the market in the previous year.
PTI
First Published: Sunday, January 03, 2010, 12:49