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Samvat 2077: Key stock market triggers that investors need to watch out

Recovery from Covid 19 shall be the key driver for the markets in Samvat 2077. Besides, improving economic indicators and earnings growth are expected to drive the markets

Samvat 2077 | Global Markets | Indian markets

Nikita Vashisht  |  New Delhi 

Record highs – lockdown – recession - and back to lifetime highs. This is what Samvat 2076 looked like. While the year had begun on a solid note, no one knew what was to follow. Covid-19 outbreak spread like wildfire across the globe, starting from China and slowly gripping the rest of the world.

As India entered into a nationwide lockdown from the mid-night of March 24, fears of a disrupted economy sent into a recession. The and the indices tumbled over 39 per cent to hit a low of 25,639 and 7,511, respectively on March 24.

However, since then, the benchmarks have defied gravity and hit new highs on November 11, 2020 as hopes of potential Covid-19 vaccine sooth investors.

In this edition of the Business Standard podcast, Nikita Vashisht talks to Abhimanyu Sofat, head of research at IIFL Securities, and Siddharth Khemka, head of retail research at Motilal Oswal Financial Services to understand how have the fared in Samvat 2076 and what factors may influence the in the upcoming Samvat.

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First Published: Wed, November 11 2020. 12:45 IST