The Reserve Bank of India s interest rate decision, macroeconomic data and global trends will drive investors sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said.
In addition, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude would also influence trading in equity markets.
The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in the 2023-24.
Bull run leaves equity investors richer by Rs 128 77 lakh crore navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the 2023-24 fiscal, while the small-cap index climbed 16,068.99 points or 59.60 per cent. In comparison, the 30-share BSE Sensex raked in a gain of 14,659.83 points or 24.85 per cent during the fiscal under review.
The BSE mid-cap and small-cap stocks have outperformed the benchmark Sensex in 2023-24 with about 62 per cent returns, reflecting buoyant investors sentiment amid robust macroeconomic conditions in the country and impressive quarterly earnings reported by various firms.
As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the 2023-24 fiscal, while the small-cap index climbed 16,068.99 points or 59.60 per cent.
In comparison, the 30-share BSE Sensex raked in a gain of 14,659.83 points or 24.85 per cent during the fiscal under review.
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings.
After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors.
The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.