Nifty, Sensex log worst Samvat returns in 15 years. What lies ahead in 2083?

What happened: The BSE Sensex fell 8% and the Nifty 50 fell 7% in Samvat 2082, their worst Samvat-year performance since Samvat 2067, when both indices declined over 17%. Key numbers: Why it matters: Ankur Punj of Equirus Wealth attributed the weakness to foreign institutional investor selling driven by global capital moving to AI-led sectors, geopolitical uncertainty and high crude oil prices. Saurabh Mukherjea of Marcellus said valuation normalization could limit index returns to high single digits, below the 30-year annualized return of 12.5%, while quality stocks could deliver 15-20%.

The BSE Sensex fell 8% and the Nifty 50 fell 7% in Samvat 2082, their worst Samvat-year performance since Samvat 2067, when both indices declined over 17%.

Ankur Punj of Equirus Wealth attributed the weakness to foreign institutional investor selling driven by global capital moving to AI-led sectors, geopolitical uncertainty and high crude oil prices. Saurabh Mukherjea of Marcellus said valuation normalization could limit index returns to high single digits, below the 30-year annualized return of 12.5%, while quality stocks could deliver 15-20%.