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Tale of markets in FY25: Profitable first half undone by volatile second

The Sensex climbed 14.5 per cent during the first six months of the financial year

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In the second half of FY25, the Sensex fell 8.8 per cent, and the Nifty dropped 9.5 per cent. | Illustration: Binay Sinha

Sundar Sethuraman Mumbai
A stark contrast defined the two halves of the domestic equity market in 2024-25 (FY25). An upbeat performance marked the first half, while the second half saw a sharp decline and heightened volatility. 
The Sensex climbed  14.5 per cent during the first six months of the financial year. This was accompanied by low volatility, with the 30-share index recording just 19 sessions with fluctuations of 1 per cent or more. 
In contrast, the second half painted a starkly different picture, clouded by economic uncertainty, earnings concerns, and global 
challenges. 
The Sensex is down 8.8 per cent so far in the second