2021 Outlook: Covid vaccine, economic recovery, earnings to drive markets

Precisely a 12 months after the Covid-19 an infection started its ambush, the world is witnessing a mass-vaccination drive towards the pandemic. And due to this fact, if pessimism was related to 2020, optimism is the phrase for 2021.

The market crash in March 2020 resulted in shares being out there at throwaway costs, opening up engaging funding alternatives. Furthermore, because the Reserve Bank of India saved rates of interest low throughout the 12 months, flood gates of liquidity have been thrown open. The outcome? Each, the Sensex and the Nifty50 indices, are up practically 80 per cent from March 2020 low. Within the broader market, the Nifty MidCap index has surged round 90 per cent, whereas the Nifty SmallCap index has jumped an enormous 109 per cent throughout the interval.

On a year-to-date foundation, the Sensex has given 10.5% returns until December 21. Likewise, Nifty50 has grown 9.5%. The Nifty Mid and SmallCap indices, in the meantime, are up 17 per cent and 14 per cent, respectively throughout the interval.

On this version of the podcast, Pankay Pandey, head of analysis at ICICI Securities; Sachin Shah, fund supervisor at Emkay Funding Managers; and Santosh Kumar Singh, head of analysis at Motilal Oswal AMC define outlook for major and secondary markets in 2021.


Observe Title by Scott Buckley – www.scottbuckley.com.au

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