END OF 2009

AN EVENTFUL 2009

Financially, 2009 was not a very welcoming year. Investors have had a down and out year but taking an overall view 2009 has given us new perspectives of the financial world.

As positives there have been surprises regarding the Sensex as it came to be profitable in the second half of the year.

It seems that 2009 gives a lesson to be learned by the investors on how they can invest better. As we know only a handful were left happy.

Here are some shocking moments of 2009

1. Ramalinga Raju cooked up the accounts of his big IT firm.

2. The public sector made an alltime high profits even though they still are below the private sector banks in terms of profit.

.3. The central bank bought 200 tonnes of gold and hence added gold to its financial reserve. This has lead to increase of gold reserves of the world central bank since the last nine years.

4. The Automobile sector has had its sales even quadripled in some cases. It has been a great year for them.

5. Defence sector, that is FMCG and Pharma underperformed during the year but the comapnies have had a good performin sensex.