Stock market investors made $1.5 trillion since last Diwali. What Samvat 2081 has in store
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With Nifty ending Samvat 2080 with a 25% gain and scores of stocks in the broader market giving multibagger returns, investor wealth, as measured by the total market capitalization of all BSE-listed stocks, rose by Rs 128 lakh crore or about $1.5 trillion since last Diwali. Samvat 2080 now goes in record books as the highest wealth-creating year. "This growth was fuelled by strong corporate earnings, improved GST collections, a revival in the Capex cycle, favourable monsoon conditions, and high domestic demand. Additionally, liquidity inflows from mutual funds and positive global cues contributed to market resilience. Globally, US indices also posted gains of 27% to 35% during this period, reflecting a synchronized rally," said Dr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital. During the year, NSE’s investor base surpassed the 20 crore mark while the mutual fund industry's managed assets reached about...