As the curtains close on 2023, the Indian equity market stands tall, painting a canvas of vibrant green on the year-end review. It has been a remarkable turnaround from the jittery lows witnessed in March, fuelled by global uncertainties and geopolitical tensions. But what sparked this impressive rise? While most of the global equity indices are still likely to test their 52-week high, the Indian equity indices are at their lifetime high. And will this momentum carry over into 2024?
Most of the equity indices have generated returns in double digits on a year-to-date (YTD) basis. There are hardly any indices that have given single-digit returns since the start of the year. However, the rally has not been uniform. While the mid-cap and small-cap segments danced with abandon, the frontline indices, often weighed down by heavyweight financials and IT giants, remained relatively subdued. The best performing index, BSE SME IPO, which is constituted by SMES listed on the BSE SME platform, has generated return of 94.34 per cent year-to-date.
The second-best performing index was the Realty index. Realty companies are showing signs of resilience after a gap of almost 14 years. The shares of a not-so-great company such as Unitech Limited are up by more than 350 per cent since the start of the year. Even large-cap names such as DLF are up by more than 80 per cent this year. Another segment that surprised many by its superior returns was public sector undertakings (PSUs). An index that tracks the price of major PSUs listed on the BSE has witnessed gains of 54 per cent. Both banks and other enterprises with a majority stake of the president of India saw a huge run-up in their share prices this year.
Factors Supporting Growth
Bu hikaye Dalal Street Investment Journal dergisinin January 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Dalal Street Investment Journal dergisinin January 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
All That Shines is Gold & Silver
Precious metals gold and silver hold a special place when it comes to the investment journey of Indians. They help diversify investment risks and provide a hedge against market volatility, making them an essential component of a well-rounded investment strategy. Vaishnavi Chauhan explores the impact of precious metals on your portfolio.
All You Wanted To Know About SIP
Is rupee cost averaging effective across all market phases, including uptrends, consolidations and downtrends? You probably might not have observed its performance in each phase or may have exited investments upon seeing negative returns. Rakesh Deshmukh takes a closer look at the scenario
When Is The Right Time To Sell Mutual Funds?
Imagine this scenario: You have diligently crafted your mutual fund portfolio, aligning each investment with your financial objectives and risk tolerance. All seems well until one day the market takes a steep dive, injecting uncertainty into your investment journey.
Middle East Tension Disrupt Global Equities
In the past fortnight, global stock markets experienced a rollercoaster ride, due to continued inflation concerns and escalating tensions in the Middle East. This confluence of events triggered a flight to safety, pushing investors towards safety assets
Gold and Oil Stay Solid Amid Escalating Geopolitical Issue
A boom in select commodities has threatened the central banks' inflation fight and interest rate cuts and now the gloves are coming off for them as they try to tame inflation
India - A Cure For Pharma Outsourcing Woes?
Eroom's Law, the grim corollary to Moore's Law, paints a concerning picture for the pharmaceutical industry.
Infrastructure Sector Is It Reaching For The Skies?
With the upcoming Lok Sabha elections looming, many of us may be feeling the urge to invest in infrastructure stocks, hoping for a favourable impact on investments if a strong political mandate ensues. Mandar Wagh delves into the government's emphasis on infrastructural development, future growth triggers and the critical factor of fundamentals that must be taken into consideration before investing
STABILITY ROCKED BY COMPETITION
While the company’s product portfolio and availability through various retail channels is undoubtedly impressive, the increasing competition posed by start-ups in the organised sector and the tendency of young consumers to try out various brands instead of displaying single brand loyalty is an issue of concern when it comes to future growth prospects
Launches A Wide Range Of Air-Conditioners
A leading name in the consumer electronics industry known for its innovative and cutting-edge technology, Cellecor Gadgets Limited is now stepping into the domain of air-conditioners, all set to make them available across India starting this month
Domestic Markets Spin Into A Higher Orbit
The domestic market experienced a period of volatile trading sessions over the last two weeks, predominantly characterised by upward momentum. According to data released by the Ministry of Commerce and Industry, the index of eight core industries for February 2024 showed a growth of 6.7 per cent, an increase from 4.1 per cent in January 2024.
