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bitcoin: Bitcoin dazzles, silver shines in 2020; equity surprises positively

NEW DELHI: Cryptocurrency turned out to be the asset class of the year as it surged sharply, followed by precious metals silver and gold, which also delivered solid returns for the year gone by. In the base metals pack, barring lead, most counters gave returns in their 20s and 30s, riding on the recovery in manufacturing demand after the pandemic, but agro-commodities faltered as market expected a bumper crop. Returns from equities and equity funds were the highlights of the year, as Sensex and Nifty saw rapid recovery to record highs from a historic crash. Midcaps and smallcaps also came into their own.

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