New Delhi, Sept. 30 -- Market benchmark Nifty 50 concluded the first half of the financial year 2026-27 (H1FY27) with a nominal gain of 1.3%. The index finished at 22,620.45, down 0.42%, on Wednesday, 30 September.

Such has been the Nifty's performance over the last two years that even the meagre 1% gain over the past six months appears decent. For context, the benchmark index is down 12% over the last two years. On 30 September 2024, the index was at 25,810.85.

While the index hit an all-time high of 26,373.20 on 5 January this year, it succumbed to pressure from higher oil prices amid the US-Iran conflict.

While over the last two years, the market was struggling due to earnings growth-valuation mismatch and heavy foreign capital outf...