Spectators watch fireworks during celebrations. (Photographer: Susana Gonzalez/Bloomberg)
7 years ago
Nov 07, 2018
At the start of Samvat 2074, the stock market was rallying, crude oil prices were at “manageable levels” and the economy, in general, was humming. One year down the line, most of these tailwinds changed direction.
At the start of Samvat 2074, the stock market was rallying, crude oil prices were at “manageable levels” and the economy, in general, was humming. One year down the line, most of these tailwinds changed direction.
Oil prices rose to put a strain on the nation's balance sheet amid an ongoing trade war between the U.S. and China. The financial sector is facing a severe liquidity crunch, and the government is at loggerheads with key institutions.
Volatility is at its peak and stocks have corrected quite a lot. The NSE Nifty 50 Index has declined over 10 percent from its August peak.
The silver lining: stocks have become relatively cheaper than what they were at the start of the year. And investors will look for opportunities to pick on the first day of the next Samvat, or the market new year.
As Samvat 2075 begins, we bring to you commentary from trading and investment experts, as they give ideas for the upcoming year. Stick around for live updates.
