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The new Samvat 2074 is likely to take the market through a path of uncharted territory as the curtain calls to an eventful Samvat 2073. From Narendra Modi-led demonetisation drive to the implementation of goods and services tax (GST) bill, the markets went through jitters, yet the Nifty 50 notched up gains of around 17 per cent.
At the global level, the surprise victory of Donald Trump in the US presidential election, geopolitical tensions between US and North Korea and monetary policies of global central banks took markets for a ride. However, during Samvat 2073, the S&P BSE Sensex, like Nifty, also gained around 16 per cent. Interest rates for fixed income investors have also softened through the year.
