October went up a brilliant 4.5% on the indexes, taking the Nifty’s 2014 returns to 32%. The surge since Diwali has been over 500 points on an index that now promises to be the best year since 2009. The month had a number of trading holidays, including one for Maharashtra elections, but still, markets went up (mostly in the last 10 days). Japan’s QE announcement took markets up another 2% on the 31st, the last day of the month.
Nifty’s Year to Date Returns till October are now the best since 2009, and after the stellar years of 2007 and 2009, ranks 3rd in the last decade. Considering that 2009 and 2007 ended up even higher, we might even see the markets surge further.
And for completeness, the Sensex:
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