After a blockbuster year which saw equity asset segments ranging from small caps to blue chips deliver 24-59 per cent returns, hopes for 2022 on this front were not very high. The benchmark indices, however, managed to keep themselves above water with a return of 4 per cent. This was a seventh consecutive year of positive returns for the Nifty50 index.
While low single-digit returns after three years of double-digit gains is not something to write home about, Indian equity markets managed to outperform most of their global peers last year. A robust domestic macro environment and worries about a