Still, the Nifty is up over 21 per cent and the Sensex has risen more than 19 per cent in the year. The rally has also been broad-based: While the BSE MidCap is up over 37 per cent this year, the BSE SmallCap has jumped more than 60 per cent. Globally, too, the equity markets performed well and Wall Street recorded new highs on a number of occasions this year. Continuing the previous year’s trend, retail investors entered the markets in large numbers and fuelled the bull run. As of November 30, the number of demat accounts stood at 77.2 million, against 55.1 million at the end of FY21.
It was a busy calendar year for the primary market in India. Led by new-age technology companies, such as Nykaa and Zomato, as many as 63 firms
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