The year 2021 is expected to be a better one for markets with likely strong recovery in both economy and earnings compared to a covid -hit 2020, according to analysts. This is the best yearly performance of the Indian markets since 2017 when benchmarks surged 28%. Other global markets such as Nasdaq soared 43.44%, while Dow Jones jumped 6.56%. Kotak Institutional Equities expects overall market return may be similar to 2020 and more uniform across sectors compared to the wide divergence seen in 2020. Therefore, we are cautious and selective on Indian equities," he said.

Source: Mint December 31, 2020 13:18 UTC