Improvement in the global macroeconomic fundamentals, with a rising risk appetite, has seen infusion of money into stock markets in the last two months (March 9-May 5 2009). As uncertainty over the global economic outlook subsides, with rising optimism of a speedy recovery, equity has outperformed all other options of investment.
During the last two months (March 9-May 5 2009), the Sensex has appreciated by around 50%, while investment in gold and silver has given negative return of around 7%. Equity markets across the world have rallied during this time, appreciating between 21-45 %. And leading the pack is Sensex, which has beaten indices in US, Europe and Asia with around 50% gain since March 9, 2009.
Read : http://reliancemutual.com/CMT/UPLOAD/ARTICLEATTACHMENTS/Market%20Outlook%20&%20View%20May%202009.pdf
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