Nifty set to log a decade of gains

UNLESS SOMETHING DRASTIC happens in the next three days, the Nifty is on course to complete ten consecutive years of positive returns -its longest winning streak to date.

- VK SHARMA

The benchmark index is up 10.14% for the calendar year.Since December 31,2015, the Nifty has delivered positive returns every year. At 26,042, it represents a CAGR of 12.6% over this ten-year period - and that includes the Covid years. While this decade's return is lower than the 15.52% CAGR seen since inception, it still outperforms the Dow Jones Industrial Average's 10.99% and is far ahead of China's Shanghai Composite Index, which suffered a lost decade with a meagre 1.13% CAGR. The Nasdaq Composite, buoyed by AI and Big Tech, stood out with a CAGR of 16.54%.