How did the Indian markets perform in fiscal year 2021? – News 24-7 Live News 24-7 Live
How did the Indian markets perform in fiscal year 2021?

How did the Indian markets perform in fiscal year 2021?

A comparison of BSE Sensex with 10 major world indices across nine countries shows that it has been the best performing in the current financial year (till March 29).

The year 2020-21 has been a roller coaster for the Indian equity markets. From the lows seen during the end of 2019-20 on account of the Covid-19 induced lockdown, the markets recovered to reach new highs in the last quarter after vaccines against Covid-19 were approved and rolled out. BSE Sensex, the benchmark equity index of BSE, fell to 25,981.24 on March 23, its lowest value since December 26, 2016, but then rose to 52,516.76 on February 16, its highest ever value. It closed trading at 50,136.58 on March 30.

Best performing among major world indices even as GDP growth projection among lowest

A comparison of BSE Sensex with 10 major world indices across nine countries shows that it has been the best performing in the current financial year (till March 29). On a year-on-year basis, the growth (increase) seen in FY2021 is the highest in the past decade and sixth best since the index’s inception (1980).

News Source : Hindustan Times

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