Equity markets had a historical journey in Samvat 2076, as it marked a year of huge volatility, unpredictability, pessimism and divergence. The markets touched an all-time high in January and then crashed to three year low in March as COVID-19 pandemic gripped the whole world, becoming one of the biggest threats to the global economy. As we enter Samvat 2077, the markets have not only recovered from the Covid lows, but also made record highs. So, what does Samvat2077 hold for stock markets and what are big things to watch out for in the year ahead. To understand that I am in conversation with Gautam Duggad, Head of Research-Institutional Equities, Motilal Oswal Financial Services.