 "stock markets, trading")
India’s stock market wears an air of resilience. Since the Covid-19 pandemic trough, the benchmark indices — the Nifty 50 and the Sensex — have repeatedly scaled new highs, buoyed up by domestic inflows, a swelling army of retail investors, and a compelling narrative of long-term growth.
Yet, as the indices recently edged past their records, a curious disquiet set in. Many investors found their portfolios stubbornly in the red. Social media buzzed with perplexity. How could markets be at all-time highs while portfolios languished? There are vexing questions around the disconnect between Nifty returns and portfolio returns, between economic
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