Nifty gains 20%, Sensex 19% in ¹23

Some analysts believe equities will give double-digit returns over the next two-three years

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IT has been a remarkable year for the domestic equity market as it defied multiple global headwinds and gave a doubledigit return to investors.

Despite two global conflicts and inflationary pressure throughout the year, benchmarks BSE Sensex and NSE Nifty50 signed off calendar year 2023 by gaining 19% and 20%, respectively. The 30-share index, Sensex, started 2023 at 60,840 to close the last trading session of the year at 72,240 while the 50-share pack Nifty started at 18,105 and closed at 21,731. The two indexes at present are hovering at around their all-time high levels.