Investors added practically Rs 156-trillion to their wealth in calendar yr 2020 as benchmark indices logged their highest annual good points since 2017. Riding on the again of robust liquidity owing to free financial insurance policies and weak US greenback, the S&P BSE Sensex and Nifty50 surged round 16 per cent and 15 per cent, respectively, in 2020. Add to it, the Sebi’s directive on funding in multi-cap funds, the social gathering in the broader indices was much more spectacular. The S&P BSE500 gained 17 per cent in CY20 and recorded its finest efficiency in the previous three years. Moreover, the S&P BSE Midcap and S&P BSE Small-cap indices have rallied 20 per cent and 32 per cent, respectively in CY20.
Despite the Covid-19 induced lockdown that introduced all exercise to a standstill for practically three months, the stock market rally was powered by a powerful gush of liquidity from overseas portfolio buyers who pumped in $22.4 billion or Rs 1.66 trillion in equities throughout the yr. The flows in November and December are certainly one of the highest ever seen in Indian equities. In the final two months alone, FIIs have poured nearly Rs 1.18-trillion in Indian equities, knowledge present.
Among particular person shares, Divis Laboratories, Larsen & Toubro Infotech, Escorts, Tanla Solutions, Laurus Labs, Dixon Technologies, IndiaMART InterMESH and Affle (India) are amongst the 36 shares from the S&P BSE500 index that have given over 100 per cent return in CY20.
Of these 36 shares, 17 shares are from the prescription drugs (10) and knowledge know-how (7) sectors, underlining robust defensive tilt in the markets in the outgoing yr.
On the different hand, 179 shares from the BSE500 index have recorded damaging returns throughout the yr. Punjab National Bank, Union Bank of India, Canara Bank, Coal India and Oil India had been down over 25 per cent throughout the yr.
Coming to Thursday’s market session, indices traded sideways via the day with the S&P BSE Sensex shifting in the vary of round 300 factors, and ending 2020’s final buying and selling day on a flat word. The S&P BSE Sensex settled 5 factors, or 0.01 per cent, larger at 47,751 ranges. The BSE barometer of 30 shares hit a report excessive of 47,897 earlier in the day, clocking stellar good points of round 87 per cent from their March lows of 25,639.
The NSE’s Nifty50, on the different hand, closed unchanged at 13,982 ranges. The index scaled 14,000 in the intra-day session and prolonged good points to hit a report excessive of 14,010 ranges. The index is now up 86.5 per cent from March lows.
Investors discovered solace in Prime Minister Narendra Modi’s declaration that India will start its Covid-19 vaccination programme in 2021. Meanwhile, dry run for Covid-19 vaccine administration is about to start in all states from Saturday, January 2.
In the broader market, the S&P BSE MidCap and SmalCap indices outrun frontline indices and settled 0.2 per cent and 0.36 per cent larger, respectively.
At shut, the BSE m-cap stood at Rs 188 trillion, up from Rs 32 trillion at the begin of calendar yr 2020.
Asian shares edged up on Thursday and ended a tumultuous 2020 at report highs. MSCI’s gauge of Asia-Pacific shares excluding Japan rose 0.17 per cent heading in direction of its newest closing peak. Asian good points had been led by Chinese blue chips which rose 1.76 per cent on Thursday after the announcement of a commerce cope with the EU in a single day. The Hong Kong benchmark rose 0.31 per cent.
However, European shares retreated on Thursday as buyers squared positions on the final buying and selling day of the yr. In gentle buying and selling, UK’s FTSE 100 fell 1.5% and France’s CAC 40 dropped 0.7%. Both markets will shut early on Thursday.