Markets’ Victory Run Breaks the Glass Ceiling

When we hear the term hat-trick, our minds often associate it with cricket. However, in the realm of finance and markets, a double hat-trick has been unfolding, and it’s working in favour of investors. This captivating trend is centred on the Nifty 50, which has achieved a remarkable feat—three consecutive years of double-digit earnings’ growth. With growth rates of around 17 per cent, 35 per cent and 10 per cent for FY21, FY22 and FY23, respectively, these numbers leave us in awe, especially when compared to the single-digit earnings growth of 6.5 per cent during the decade leading up to FY20.