Key Points
Both indices posted their best Muhurat trading gains in five years.Agencies"However, with the improvement in the balance sheet strength of corporate India and much-improved health of the Indian banking system, Indian equities will deliver double-digit returns in the next two-three years with the support of double-digit earnings growth."..
Mumbai: Samvat 2080 started on a steady note for investors with India's stock benchmarks gaining over half a per cent in the special 60-minute Muhurat trading session on Sunday evening to mark the start of the traditional Hindu new year...
Investors must brace for sharp swings in the market and relatively modest returns in Samvat 2080 following the record-breaking rally in Samvat 2079, asset managers said..
With many global headwinds expected to subside and domestic macroeconomic indicators seen robust, the broader market should deliver decent double-digit returns in Samvat 2080."..
"With higher-for-longer interest rates, volatile bond yields, geopolitical conflicts, and fluctuating oil prices, Samvat 2080 will be quite a fascinating year to watch out for the global economy," said Pranav Haridasan, MD and CEO of Axis Securities..
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