: 2020 was a rollercoaster year for Indian stock markets. 2021 may not be very different #IndiaNEWS India’s stock markets went through extreme volatility in 2020.In March, when the markets witnessed

2020 was a rollercoaster year for Indian stock markets. 2021 may not be very different #IndiaNEWS
India’s stock markets went through extreme volatility in 2020.In March, when the markets witnessed their worst-ever sell-off, very few could have predicted that Indian equities would soar to all-time highs by the end of the year. While the Indian economy has entered into a technical recession and the outlook for this financial year is bleak, markets are rallying at a scorching pace. The stringent lockdown in India, which severely dented the economy, seems to be a distant memory for some investors, but the upcoming year could be a struggle.The extreme pessimism has given way to some optimism for an economic recovery and the disbursement of a vaccine to halt the spread of Covid-19. The benchmark indices, the Bombay Stock Exchange’s Sensex and the National Stock Exchange’s Nifty, are scaling new heights each day. This is in tandem with many global markets, which have also staged a remarkable recovery.But despite the sharp rise, Indian markets are still lagging behind some of their global peers if one looks at the returns delivered since January 1, 2020. “The Indian market’s performance has been sub-par in comparison to other markets as some developed markets did much better than India, partly because of the larger stimulus provided by central banks,??? observes Hemang Jani, head...Read more

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