Markets

Gold, crypto, equities dazzled in 2020. Will they repeat the feat in 2021 too?

The calendar year 2020 ended with a bang, surprising many at least on the front of equities. Market barometer Nifty jumped 85 percent from the level of 7,511 it sunk to in March 2020.

The bull run is likely to continue in 2021 and both the Sensex and the Nifty look poised to scale new peaks.

JPMorgan expects Nifty to cross 15,000 by December 2021, while BNP Paribas sees Sensex at 50,500 in the new year.

After the coronavirus pandemic hit the global economy, equities started to nosedive and safe-haven assets such as gold surged higher, pushing the gold price to 57,000 per 10 gram.

On the other hand, low-interest rates kept bond yields under pressure globally.

“The US dollar’s downtrend is likely to continue further aiding the recovery in the Indian rupee. However, the recovery in rupee might witness pressure due to rising oil prices and investors’ confidence in India’s ability to manage the balance of payments,” Garg said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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