Wishing you A Very Happy Diwali and Prosperous Samvat 2066!!!
Alls well that ends well! Samvat 2065 that began with pessimism, slowdown in business activities and wealth erosion ended with optimism, pick up in business activities and wealth creation. After a roller coaster ride of markets during Samvat 2065, it is expected that markets in Samvat 2066 is likely to
remain more stable.
During Samvat 2065 Sensex rose from 8509.56 to close at 17322.82, a gain of 103.57 percent or 8813.26 points. The top 5 index movers in Sensex during the period were RIL, ICICI Bank, L&T,INFOSYS and SBI that together contributed 4128 index points or almost 47% gain in Sensex during
the previous Samvat.
We expect Indian markets to remain resilient during Samvat 2066 on global economic growth, improving domestic economic indicators led by encouraging business environment and the virtuous cycle of Growth=>Employment=>Consumption. The Indian government’s initiatives to reach out to the masses in their effort to inclusive growth would further spur domestic growth. Although the rising inflation may compel regulators to raise interest rates, the same will be led by higher industrial growth.
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