From 100,000 hype to 2-year low: Sensex delivered zero returns in last two years

The Sensex has erased two years of optimism, slipping from the 100,000 hype to a two-year low and delivering zero returns. Weak earnings, heavy FII outflows, global tensions, and delayed Fed cuts dragged markets through FY26, leaving investors with caution as FY27 shapes up as a year of selective opportunities.