Equities end year of the pandemic posting best returns in last three years

Shrugging off the pandemic blues, Indian equities bid adieu to 2020 posting the best returns in three years. The benchmarks have given positive returns for the fifth straight year, with the Nifty returning 14.9% and the Sensex 15.8% in the calendar year 2020. This comes on the back of the rush of liquidity unleashed by central banks and hopes of a faster economic recovery. The latter part of the year saw a sharp rally in the markets primarily due to developments around the Covid-19 vaccines.

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