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Nifty crosses 14,000-mark for first time; 90% rise from its 52-week low

Updated: Dec 31, 2020, 03:28 PM IST Equity index Nifty 50 crossed the 14,000-mark for the first time on Thursday. The index surged 8.2% from 13,000 to hit 14,000 in 26 trading sessions, starting November. Of these trades, the index has lost in only four of them as of closing on December 30. Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at record high levels ahead of the onset of the new year 2021. BSE Sensex hit an all-time high of 47860.3, while the broader Nifty 50 index crossed the crucial 14,000 level.  Nifty has risen nearly 90% from its 52-week low of 7,511 which was recorded in March 2020 when pandemic struck in India. As of December 30, the index gained 15% this year, recording its best annual return since 2017.

ETmarkets survey: ETMarkets Survey: Which theme can get best bang for your buck in 2021?

NEW DELHI: Every year, a certain theme decides market movement on Dalal Street and helps a certain sector outperform the others. If one can spot the dominant theme of a year, chances are she will have the widest smile at the end of it. The themes of 2020 were digitisation and healthcare. In the years before that, the themes of financialization or consolidation in industry decided the winners and losers on Dalal Street. So, what can be the dominant theme for the next calendar? Analysts who took part in this year s ETMarkets New Year Survey picked themes that were as varied as their investment styles.

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