Business
Nifty down 13% in worst Samvat year since 2014
The Hindu BusinessLine·
The Nifty is down about 13 percent in Samvat 2082, BusinessLine reported, the weakest Samvat for investors since Narendra Modi took office in 2014. That tops Samvat 2078's 1.4 percent fall during global rate hikes. With under 15 days to Samvat 2083, Geojit's Anand James said markets lack usual pre-Samvat bottoming signs. India VIX is above 30.
Prism
What It Means For You
- Equity investors entering Samvat 2083 face a benchmark still below May 2026 levels with India VIX above 30.
- Portfolios heavy in small caps may show steeper drawdowns than the Nifty, James told BusinessLine.
- Rising crude near $120 per barrel adds inflation pressure for households and corporates.
What's Happening
- Samvat 2080 delivered 24.6 percent Nifty returns while Samvat 2077 rallied 40.2 percent.
- James said a few IT and PSU bank stocks have held up the headline index despite broader weakness.
- Market participants cite geopolitical risks and slowing liquidity among caution drivers.
Samvat Return Calendar
- Samvat years track the Hindu financial calendar used by many Indian traders for annual returns.
- The prior worst Samvat under Modi was 2078 with a 1.4 percent Nifty decline.
- Average Nifty returns between Samvat 2071 and 2081 were about 12 percent.
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