stock market move in 2021: Indian stock markets saw the worst and best times in the past year, and analysts say the direction of Indian markets in 2021 is set by the pace of Covid-19 globally, vaccine distribution, geopolitical trends, general budget and economic recovery. Analysts said that amidst the Corona virus epidemic and large-scale stimulus measures, investors began a volatile journey last year from recording large losses to breaking records. Last year, the markets closed with a profit of around 16 per cent, but will this trend of boom continue in 2021?
Opinion of Kotak Mahindra Life Insurance
Hemant Kanwala, equity head, Kotak Mahindra Life Insurance, said, “If 2020 was a year of Kovid infection, lockdown and recession, then 2021 would be a year of vaccination, resumption and recovery.” Analysts are optimistic about the equity market, but said the amount of growth will depend on several factors. Experts say that if the Covid-19 cases do not rise again, the market will continue to trend in 2021 after some profit booking.
Religare Broking Estimate
He said that apart from this the geopolitical situation will also be important, because this year the new President of America will take over. Dalal Street ended 2020 in a bullish mood and the Sensex rose 15.7 percent during this period. Ajit Mishra, vice-president (research), Religare Broking, said, “The market remains at a high level due to continued strong cash flows, supportive global cues, positive news about the progress of Kovid vaccines and the US stimulus announcement.” However, initially there may be some degradation to strengthen the ground.
He said that given the cash support of central banks, it is expected that the good performance in the markets will continue in 2021 as well. He further said that improvement in India’s fiscal position on domestic front, NPA position and Union Budget will affect market sentiment. Mishra said that given the current situation, the Sensex and Nifty can touch levels above 48,000 and 14,500 respectively this year.
Geojit Financial Services Expected
Vinod Nair, head of research, Geojit Financial Services, said, “Despite the outbreak of the Kovid-19 pandemic, the economy is expected to improve in 2021, and this is expected to boost corporate earnings and sustain the equity market.” Vineet Bolinjkar, head of research, Ventura Securities, said, “We expect the Sensex to cross the 51,500 level and the Nifty to cross the 15,100 level due to adequate cash and better-than-expected recovery in businesses.”
stock market move in 2021
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