Samvat 2077 proved extraordinary, fabulous and best in years as Sensex, Nifty50 higher by 49%, 51% respectively - list of positives in the year gone by

As we enter into a Diwali 2021 week, most market analysts term Samvat 2077 as an extraordinary, fabulous year where the markets had a dream run! On average, the market registers a gain of around 16-17 per cent with respect to benchmarks during any given Samvat, however, it reported a growth of 49-51 per cent during the Samvat 2077.

The benchmark BSE Sensex has grown by around 19500 points, up 49 per cent, while Nifty50 gained over 6000 points, up 51 per cent during the Samvat 2077. Samvat is a yearly calendar that generally starts from each year Diwali.

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Samvat 2077 has been the best samvat year so far in years as the market not only saw good returns but also witness new entries of many new retail investors, according to TradeSwift Director Sandeep Jain, who is also an analyst on Zee Business. 

He adds, these new retail investors were educated and knew the purpose behind coming into the market as well as they were educated mostly due to channels like Zee Business and social media.

Samvat 2077 gave retail investors a beautiful opportunity to make money amid the widespread education, says the analyst, adding further that people who bought quality stock, perhaps, might have lacked trading discipline and right timing but with the right stocks they made good money.

Meanwhile, Choice Broking Executive Director Sumeet Bagadia says, Samvat 2077 has been really good, as the market saw a tremendous rally over the year and quite unlikely would see the same move in the upcoming samvat, however, expecting it to be good overall.

He adds, the market in the last few days, has shown some correction, and is likely to have some more consolidation in the market, however, this should be used as buying opportunity. 

In Samvat 2077, there was tension because of the second wave of Covid, which markets took this very positively and the index has almost posted returns of 2.5x from lower levels 7500, Bagadia says.

Dividing the Samvat 2077 quarterly wise, Dolat Capital’s Head of Research Amit Khurana says, “As entering Samvat 2077, the United States elections got announced in the November first week and also saw a surge of liquidity which impacted all the emerging markets including India.”

During March, April and May, we saw range-bound trading of the market, and vaccination drive started picking up, again after three months of consolidation, the market started giving fabulous returns in the last few months of Samvat 2077. Khurana further adds.

During the last few months of Samvat 2077, the market witnessed a record surge in initial public offers, foreign institutional investors, and foreign direct investments, says Dolat Capital HoR.