Year Ender 2024: Equity market set for eventful journey on LS polls, interest rate trajectory financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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.
The market capitalisation of BSE-listed companies climbs sharply by Rs 81,90,598.32 crore this year to reach an all-time high of Rs 3,64,28,846.25 crore
The market capitalisation of BSE-listed companies has climbed sharply by Rs 80,62,310.14 crore so far this year to reach an all-time high of Rs 3,63,00,558.07 crore. At the close of trade on Thursday, the market valuation of BSE-listed firms reached the lifetime high.
Experts said India s strong macroeconomic fundamentals, political stability owing to the BJP s success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023.