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Market expects bullish 2011 ahead; views Sensex above 24k

New Delhi: Stock market is looking forward to a record-breaking year ahead in 2011 with hopes to push Sensex above 24,000 mark — given economy keeps on roaring, foreign investors keep on pouring money and scamsters are kept at bay.

Surging ahead despite all the odds in 2010, when there were numerous scams, global cues were not good, inflation and interest rates continued to play spoilsport, the stock market managed to register decent gains with over 17 per cent rally of over 3,000 points in the Sensex and over Rs 12,00,000 crore rise in investor wealth.

During 2010, investors’ total wealth, measured in terms of cumulative market capitalisation of all listed companies, rose to Rs 72,96,725.14 crore, from Rs 60,79,000 crore at the end of 2009. The Sensex rose from 17,464.81 points on December 31, 2009, to 20,509.09 points at the end of 2010.

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