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2024: Equity market set for eventful journey on Lok Sabha polls, interest rate trajectory

Year Ender 2024: Equity market set for eventful journey on LS polls, interest rate trajectory

Year Ender 2024: Equity market set for eventful journey on LS polls, interest rate trajectory
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Will 2024 be a happy year for equity investors?

tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices Sensex and Nifty could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.

Year Ender 2023: Tips For Smart Investment Strategy In 2024, Know What Experts Suggest

gold: Year-ender 2023: Impressive 13% returns for gold Is this its best show in 10 years?

MCX Gold has returned higher returns than Comex gold, when it came to peer-to-peer comparison, said Anuj Gupta, Head Commodity & Currency, HDFC Securities informed. On the YTD basis, the net gains by MCX gold is 13.55% while those by Comex are slightly lower at 11.70%. Yellow metal futures on MCX hit the lifetime high Rs 64,063 in 2023 while testing this year s low of Rs 54,771. This translates into Rs 9,200 price range that it has traversed.

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