New Delhi: Bulls stamped their dominance on Dalal Street this year as equity benchmarks galloped to record highs, shrugging off a raft of sobering datapoints like anaemic growth, global trade tantrums and bubble-territory valuations. The BSE Sensex crossed the historic 40,000-point milestone, while the broader NSE Nifty conquered 'Mount 12k' in 2019, bringing cheer to stock market faithfuls. Focus then shifted to the first Budget of the Modi 2.0 regime as India Inc clamoured for stimulus measures to revive flagging growth. The Sensex tumbled almost 400 points on Budget day, and dived another 793 points when markets opened the next Monday, logging its biggest one-day fall this calendar year. Nevertheless, the consensus is that the global economy still faces multiple headwinds and growth cannot be taken for granted.

Source: Mint December 29, 2019 09:00 UTC