Equites In Samvat 2076: 11% Gains On Sensex; Financials, Retail, Hospitality Biggest Losers

Tomorrow as we celebrate Diwali, we will usher into Samvat 2077- a new calendar year as per Hindu tradition. And before that let us look how equities performed in Samvat 2026-the year marked with high turbulence owing to the Covid 19 pandemic:

And now, it shall be interesting to know that the Indian stock markets after having erased almost all the losses due to the global rout in March have posted double digit returns for Samvat 2076.

Some of the measures that helped the markets recover from lows include slow and gradual unlocking from the nationwide lockdown which resulted in pick in economic activity, government's stimulus measures, robust earnings and the latest rally triggered in the run up to the US Presidential elections and optimism on vaccine front.

Equities Performance In Samvat 2076: 11% Gains On Sensex; Financials, Retail, Hospitality Biggest Loser

Tomorrow as we celebrate Diwali, we will usher into Samvat 2077- a new calendar year as per Hindu tradition. And before that let us look how equities performed in Samvat 2026-the year marked with high turbulence owing to the Covid 19 pandemic:

And now, it shall be interesting to know that the Indian stock markets after having erased almost all the losses due to the global rout in March have posted double digit returns for Samvat 2076.

Some of the measures that helped the markets recover from lows include slow and gradual unlocking from the nationwide lockdown which resulted in pick in economic activity, government's stimulus measures, robust earnings and the latest rally triggered in the run up to the US Presidential elections and optimism on vaccine front.

Sensex Logs Double Digit Return In Samvat 2076; Mid, Small-Caps Rally Too

For three consecutive days, Nifty and Sensex were logging new record highs and on November 11 made an intra-day high of 43708.47 on the Sensex yielding almost 11% for the year. While-mid-caps and small caps too have participated in the rally, they are away from their respective highs hit in January 2018, As per data available, BSE Midcap and Small cap during the period logged gains of 8.5 and 14.82 percent, respectively.

Now as the economy gears up and earnings improve, analysts and experts expect Samvat 2077 to be the year of mid and small-caps.

Sectorally Pharma and IT space have been outperformers; followed by Energy

Majority of the push to the benchmark indices has been provided by Pharma and IT space that on the BSE have surged a whopping 50 percent and 48 percent from last Diwali. And the gains in these indices have been followed by Energy index which has also added 17% primarily led by rally in RIL.

Half of BSE 500 Stocks Yielded Gains; 20 Stocks Gained Up To 944%

From last diwali, as many as 20 stocks from the BSE 500 were multibaggers and rose between 104-944% since last Diwali. Adani Green Energy, the renewable power entity, logge 944 per cent gains to Rs 941 from Rs 90.15 on October 27, 2019. Other BSE 500 stocks that gained were Laurus Labs, Dixon Technologies, Granules India, Navin Fluorine International, Indiamart Intermesh, Dhanuka Agritech, GMM Pfaudler, APL Apollo Tubes, Amber Enterprises India, Ipca Laboratories and Escorts.

Laggards are from the pack severely hit by the Covid 19 pandemic

Sectors impacted the most due to the pandemic such as hospitality including hotels and airlines, retail, financials and refineries stocks turned out to be the major losers during Samvat 2076. Stocks that saw their market value erode between 40-50% during this time are Canara Bank, PNB, Spicejet, BOB, ONGC, Shoppers Stop, Oil India and BHEL.

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