After outflows worth ₹1.21 lakh crore in 2022, FPIs returned as buyers in 2023, buying Indian equities worth ₹1.65 lakh crore. During the year, FPIs were net sellers in just 4 months and buyers in the remaining 8.
In 2023, Nifty exhibited a remarkable feat by achieving its eighth consecutive year of positive performance, underscoring its resilience amid various challenges. While challenges persist, the Indian growth story continues to be compelling.
It would be best to enter 2024 with low return expectations from the market, believes brokerage house Kotak Institutional Equities. There is very little value in the market across the capitalisation spectrum after the recent run-up in the mega-cap names, it said.
As investors prepare for the year ahead, there are several key considerations to keep in mind to navigate the evolving economic landscape and financial market. Experts tell us what these are and how to protect your investment in 2024.