Calendar 2020 turned out to be highly volatile for Indian equity investors. While the outbreak of Covid-19 jolted the financial markets during the first quarter of the year, liquidity measures taken by the government and central banks amid sustained inflows from foreign institutional investors (FII) helped the benchmark equity indices scale fresh record highs in December.
As the New Year 2021 kicks in next week, analysts on Dalal Street are advising investors to give more weightage to equity in portfolio allocation despite expensive stock valuations.
A dozen brokerages which took part in the ETMarkets’ New Year Survey suggested going for a diversified portfolio with an average of 45-70 per cent allocation to equity, 15-40 per cent to bonds and 5-20 per cent to gold.
Year-ender 2020 | Largecaps Underperform Mid, Smallcaps This Year; What To Expect In 2021 moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Year-ender 2020 | Mid, smallcaps outplay Sensex, will the winning run continue in 2021?
With signs of recovery in the macroeconomic climate, mid and smallcaps may surprise investors in the weeks and months to come, say analysts. December 21, 2020 / 02:03 PM IST
The record-breaking spree of the Sensex and the Nifty has brought a lot of cheer, and money, to investors but a lot has been happening in the broader mid and small-cap universe too, offering good, or even better, investment opportunities.
As of December 18 close, the BSE midcap index gained 19 percent and the smallcap index 30 percent in the calendar year 2020, so far, against a 14 percent gain in the Sensex.
Time for market to hit the pause button after recent bull run? Here s what top analysts think
The S&P BSE Sensex rallied 861 points or 1.87 percent while the Nifty50 was up 1.83 percent for the week ended December 18. December 20, 2020 / 11:31 AM IST
The dream run of the market continued in the week gone by, too, when the Sensex and Nifty scaled fresh record high and traded in unchartered territory.
The Nifty50 closed above 13,700 levels while the S&P BSE Sensex touched 47,000 last week.
The S&P BSE Sensex rallied 861 points or 1.87 percent while the Nifty50 was up 1.83 percent for the week ended December 18 compared to the 1.6 percent gain seen in the S&P BSE Midcap index and 1.2 percent rise in the BSE Smallcap index in the same period.
Index gains may be limited in stock market from hereon, caution analysts
Nifty ended up for the seventh consecutive week. However, the advance-decline ratio has deteriorated over the past two days.
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Markets witnessed yet another cheerful week as the benchmark indices touched life-time highs. Key equity indices hit record highs on Friday with Sensex touching the 47,000 mark, but soon slipped into the red on profit booking. However, they erased all losses in the afternoon session to end with marginal gains. Sensex closed the week at 46,960.69, up 70 points, while Nifty 13,760.55, up 20 points.
The Nifty-50 Index has gained 1.8% this week while the Nifty-Mid Cap 100 Index and BSE Small Cap Index have gained 1.9% and 1.4%, respectively.