Wednesday, July 1, 2020

Sensex, Nifty shed 15% in first half of 2020; will the trend continue or change?

As the first half of the eventful year, 2020 is over now, it is time to examine the trends and anticipate what the next 6 months will be like.
Equity markets had a plethora of headwinds during the first half of the calendar year 2020. From geopolitical tensions to deteriorating macro to COVID-19, the beleaguered market kept investors on tenterhooks.
Both Sensex and Nifty50 fell by 15 percent each in the first half of the year 2020, compared to 13 percent fall seen in the S&P BSE Midcap index, and 10 percent decline seen in the S&P BSE Smallcap index.

Most sectoral indices suffered losses, barring BSE Healthcare which surged 21 percent and BSE Telecom which jumped 17 percent.
Among the sectoral losers, banks, realty and metal lost most, falling 34 percent, 31 percent and 31 percent, respectively. BSE FMCG lost the least, just 1 percent.

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