 "The rally, despite all odds – Covid-19 induced lockdown that brought all activity to a standstill for nearly three months and falling economic growth – was powered by a strong gush of liquidity from foreign portfolio investors")
The benchmark indices have recorded double-digit return for the second straight calendar year with the S&P BSE Sensex and Nifty50 surging 16 per cent and 15 per cent, respectively, in 2020 (CY20) on the back of strong liquidity from foreign investors. From their March 2020 low, both the indices have surged nearly 87 per cent.
However, the broader index, S&P BSE500, which gained 17 per cent in CY20 has recorded its best performance in the past three years. The S&P BSE Midcap and S&P BSE Small-cap index have rallied 20 per cent and 32 per cent respectively in CY20, after
