Samvat 2081 has ended on a positive note, reinforcing an important lesson for investors — the value of patience in equity investing.
As markets prepare to usher in Samvat 2082, sentiment has turned optimistic, with expectations that the rewards of this patience may finally begin to unfold in the new year.
The outgoing Samvat saw Indian equities navigate a period of consolidation that lasted over a year. The Nifty gained 3.9% during the period, while the Midcap index inched up 1.1%. The Smallcap index, however, ended slightly lower, declining 4.6%. Despite modest headline numbers, the broader market witnessed a mix of time correction and select sectoral churn.
Sector performance showed a wide divergence. The IT sector emerged as the weakest link, weighed down by its exposure to the US ma