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Markets log double-digit gains in Samvat 2076 amid high volatility

Late surge improves return scorecard; Indices see wildest swing in 11 years

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai
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The recovery path for the market after the previous crisis was gradual.

Sundar SethuramanSamie Modak Thiruvananthapuram/New Delhi
Samvat 2076 proved to be a rollercoaster ride for investors. After dropping as much as 40 per cent during the Hindu calendar year, the Sensex witnessed an unprecedented rebound, helping investors earn respectable double-digit returns.

The benchmark Sensex ended at 43,443 on Friday, clocking gains of 11.2 per cent for the year. The broad-based Nifty50 ended at 12,720, rising 9.8 per cent. The near 10 per cent upswing seen in the markets this month — spurred by Joe Biden’s win in the US Presidential elections and progress in Covid-19 vaccine trails — helped improve the return scorecard for the year, which