The stock market had a stellar run in the past one year. The two benchmark indices Sensex and Nifty touched fresh all-time highs and crossed 60,000 and 18,000 respectively. The bull run has made investors richer by about Rs 99 lakh crore during Samvat year 2077, according to the official data. Sensex witnessed a jump of 38 per cent in past one year, highest in the last 12 years. Metal, banking and financial services and software exporters led the rally. Besides, pharma and FMCG stocks saw muted gains in prices during the past year.
Analysts believed that the stock market would continue this positive momentum in Samvat 2078. “After the spectacular returns in Samvat 2077, investors should expect modest returns only, say in low teens, in Samvat 2078,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services said.
“Metals, Realty, IT, Banking, Financials like mortgage and Fintech, Telecom and Capital goods are likely to perform well,” he added.
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