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The year 2020 is ending on much firmer note then what it was looking when pandemic unfolded in the world economy. Efforts of Governmentsand Central Banks by way of giving stimuluses and printing money have led to the recovery in the global economy from the lows seen in quarter ending June’ 20 to where we are now. The stock markets that are always forward looking have marched up significantly surpassing their pre-covid levels sensing that the things would be near normal as we move into the next year getting boost from the medicine that looks very much insight.

Indian stock markets on the back of both government and central banks stimuli with record foreign in-flows have seen sharp run up which has become more broad-based that was initially restricted to few sectors like Information technology, Pharmaceuticals, etc. Good monsoon showers, record low interest rates together with authorities’ intent to boost broad based recovery including rural Bharat and infrastructure has led to increase in demand that is being reflected in buoyancy in tax collections, acceleration in pace of recoveries by banks and the confidence of the companies in the sectors like real estate, cement, metals, etc. pointing towards even better time as we move forward to the next year.