It was a very good year 2010 for many markets with amazing returns. India gave a 16% odd returns in 2010.
Among the BRIC nations Russia was the best performer followed by India then Brazil and in the end China. Russian Markets gave about 21% odd returns, Brazil almost flat and Chinese markets gave negative returns of -17% odd. This was largely on account of concerns that Chinese assets were in bubble state and so a meltdown was bound to take place.
On the other hand, the US and UK, despite having weak economic growth, saw a surge in stock prices. This was largely on expectations that these economies are expected to recover and so money flowed into stocks given that valuations were cheap. (Source)
What can we expect from the markets in 2011? Comment and share thoughts!