Samvat 2077: Will it be a year of gold or equity?

Samvat 2077: Will it be a year of gold or equity?

Analysts and brokerage firms are bullish on market prospects as events such as the US election is over and positive reports on the vaccine front are giving hopes that soon COVID-19 will be under control.

Diwali 2020 marks the beginning of Samvat 2077, the new Hindu accounting year. While Samvat 2076 was quite volatile for the market, the new Samvat is expected to augur well for equities.

Analysts and brokerage firms are bullish on market prospects as events such as the US election is over and positive reports on the vaccine front are giving hopes that soon COVID-19 will be under control.

Improving macroeconomic indicators are also signalling bulls will have enough fodder for jumping higher. Outlook for equity The markets have fully recovered the losses and with the US elections uncertainty behind, Samvat 2077 looks promising for the emerging markets, said Naveen Kulkarni, Chief Investment Officer at Axis Securities."Nifty by […]

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