Stock market outlook: Bull run to continue in 2021; Nifty may hit 15,000

If the current bull sentiment remains intact, the Sensex may scale 51,000 while the Nifty50 may hit 15,000 in 2021

Despite the carnage that the Covid-19 pandemic brought upon the markets early this year, bulls had the last laugh in calendar year 2020. From their 3-year lows hit on March 24, 2020, the S&P BSE Sensex and the NSE's Nifty50 have recouped over 80 per cent till December 30. On December 31, Nifty50 scaled Mount 14,000 in intra-day deals and hit a fresh record high of 14,010.15. The Sensex, meanwhile, hit new peak of 47,865.56.

Going forward, experts say the market's trajectory in the calendar year 2021 (CY21) will be guided more by developments surrounding Covid-19 and its vaccine, oil