New Delhi, Jan. 14 -- Stocks staged a surprising recovery after the crash in March but the current year will be marked by volatility, Nilesh Shah, group president and managing director of Kotak Mahindra Asset Management Co. Ltd, said.

"There are doubts around the effectiveness of vaccines and the implementation of the vaccination drive; this may result in some volatility in 2021", Shah said at the AMC's annual media round table.

Foreign investors bought stocks worth $23 billion in 2020, and at least 4.9 million demat accounts were opened in the fiscal year, up 22.5% from the previous fiscal year. Better-than-expected results in the September quarter helped improve the market sentiments as well. "Going forward, our focus will be on two f...