India’s equity market witnessed significant gains in FY23-24, with Sensex and Nifty 50 surging 29% and 25% respectively, while broader indices like BSE Midcap and Smallcap soared even higher. However, experts foresee challenges ahead due to global and local volatility, impacting the market’s momentum in FY25. Despite tailwinds, uncertainties persist, with valuations reaching fair levels. Analysts advise a cautiously optimistic approach, recommending buying on dips. The year favored realty, auto, and PSU stocks, with some seeing over 100% gains. As the market navigates fluctuations, a balanced outlook is advised for investors.
India’s Equity Market Records Stellar Performance in FY23-24, Uncertainty Looms Ahead
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