To keep growing in 2010, stock markets want costs under check | business | Hindustan Times
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To keep growing in 2010, stock markets want costs under check

A friendlier tax regime, more retail investor participation, low interest rates and inflation, and speedy government disinvestment programme — these are but some of the things that Dalal Street wishes comes true in 2010 to keep rolling.

business Updated: Jan 01, 2010 23:10 IST

A friendlier tax regime, more retail investor participation, low interest rates and inflation, and speedy government disinvestment programme — these are but some of the things that Dalal Street wishes comes true in 2010 to keep rolling.

Having doubled investors' wealth in 2009 —despite headwinds from the global economic slowdown —Indian stock market has the potential to grow even stronger in the new year and this time around the benefits should reach retail investors as well and not just to promoters and foreign funds, experts believe.

The target in 2010 should be to regain the all-time peak of 21,206.77 points (touched in January 2008), and even beyond, for the Sensex, which ended the year 2009 at 17,464.81 points, up 7,817.50 points (81 per cent) from the year-ago level, an analyst said.
In the process, the market saw the cumulative investors' wealth nearly doubling in 2009 to over Rs 60,00,000 crore as foreign investors parked their faith as well as money in the world's second fastest growing economy.

“Today, India is a preferred destination for equity investors across the world as is evident from the FII and FDI inflows ($ 35 billion) into the market this year,” said, Madhabi Puri Buch, chief, ICICI Securities.