Not hit pre-Lehman highs yet: Equities fail to shine in 10-yr return chart

While gold has returned 12% annual gain in past 10 years, those of the Nifty do not exceed 9%

There’s euphoria on how the stock market is now trading at an all-time high, tempting some to name it a bull rally and gathering momentum.

However, closer reading of the numbers suggests the markets haven’t delivered really exciting returns in the past decade as compared to other asset classes.

From the start of 2007 (then reckoned as a strong bull market year) till date, even as the CNX Nifty (benchmark index on the National Stock Exchange) rose from around 4,000 to 8,924 points till date, the annualised return translates to nine per cent. In comparison, gold and risk-free