Eternal optimists among stock market analysts and fund managers will not tell you, but the state of Indian economy and the markets can be best described based on what Winston Churchill once described Russia as a "riddle wrapped in a mystery inside an enigma". Popular market index, the Nifty and the Sensex ended the year rather flat with 3 per cent and 2 per cent growth respectively. In comparison, both the indices were in the red in 2015.