Business · Markets · 7 hrs ago

Sensex and Nifty rebound but post their weakest Samvat in 15 years

Sensex and Nifty rebound but post their weakest Samvat in 15 years

India’s main share indexes, the Sensex and Nifty 50, surged in Samvat 2082’s final week, gaining about 8.6 to 8.8 per cent.

Despite that rebound, they ended the year down 4 per cent and 3.1 per cent, respectively, their worst Samvat performance since 2011.

Samvat is the traditional year used by India’s stock market, and the previous year had brought gains for both indexes.

Investors faced high oil prices, West Asia tensions and US tariff disruption, alongside inflation worries and heavy foreign selling.

Hopes for easing US-Iran tensions and resilient company earnings helped lift sentiment, while the recovery added nearly ₹4 trillion to market value.

Pharma, metals and capital-markets shares led gains over the year, while technology, tourism, cement and consumer-goods shares fell.

Easing geopolitical tensions could help stocks rise further, though no resolution or new market high is assured.

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What people are saying

Dhiraj RelliManaging director and chief executive officer of HDFC Securities
Samvat 2082 tested every Indian investor’s resolve.
via Business Standard
Pankaj PandeyHead of research at ICICI Securities
Despite a year of heightened volatility in Indian equities, Samvat 2082 ended on a positive note.
via Business Standard
The confluence of renewed foreign inflows, resilient corporate earnings, and relatively attractive valuations positions Indian markets favourably,
via Business Standard