Regardless of the Covid-19 pandemic bringing the financial exercise to a halt for almost 3-months, markets posted their finest yearly good points since 2017 in calendar yr 2020. The benchmark Sensex and Nifty50 indices surged 16 per cent and 15 per cent, respectively, within the yr gone-by, clocking 86 per cent leap from their March lows. Within the broader market, the S&P BSE500 gained 20 per cent in CY20 whereas the S&P BSE Midcap and S&P BSE Small-cap indices rallied 18 per cent and 29 per cent, respectively.

Now the query on each traders’ thoughts stays whether or not or not the bulls will proceed to reign in 2021? In response to analysts, market rally within the new calendar yr is probably not as sharp as seen in latest months because the markets are at the moment pricing in loads of positives. ICICI Securities, for example, expects Nifty50 to hit 14,900 ranges in 2021 in a bull-case state of affairs. Nevertheless, if market bullishness reverts to common sentiment, the bottom case elementary worth is round 13,500, which signifies flat returns for CY21.

In such a state of affairs, which shares look promising sufficient to make sure wealth creation in 2021 regardless of stretched market valuation?

We caught up with Abhimanyu Sofat, Head of Analysis at IIFL Securities and Ajit Mishra, VP-Analysis at Religare Broking to determine potential winners.

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