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Stocks, Gold Fail Investors’ Faith
World Economy

Stocks, Gold Fail Investors’ Faith

In a double-whammy for investors in India, the two major asset classes–stocks and gold–failed to generate positive returns in 2015 as headwinds from the global markets wiped off the positive sentiments back home. While some mid-cap and small-cap stocks managed to hold ground, the overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points or nearly 6% so far in 2014. With just four days of trading left, the scenario is unlikely to change much, PTI reported. The blue-chip index also hit its one-year low level of 24,833.54 in September and the plunge looked even sharper after taking into account a life-time high above 30,000-mark scaled earlier in March. Adding to the investors’ woes, gold and silver prices also fell by 5.84% and 7.83%, respectively. In 2014, the stock markets had outperformed gold and silver for the third year in a row with much better returns for the investors. Market analysts said that fall in global commodity prices and sluggish demand added to the jittery investor sentiment.

 

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