In the final trading session of FY24, India’s domestic equity market soared, with both the BSE Sensex and NSE Nifty50 rising nearly 1%. The Nifty50 and BSE Sensex posted impressive gains of about 29% and 25%, respectively, throughout FY24, marking one of the best fiscal years for the market. Despite a temporary setback in March, small- and mid-cap stocks outperformed, with gains of 70% and 60%, respectively, for the fiscal year. Foreign portfolio investors injected over Rs 2 lakh crore into Indian equities during FY24. While optimism prevails for FY25, concerns over premium valuations of mid-cap stocks linger. The market outlook for FY25 will be influenced by factors such as actions by central banks, and elections in India and the US, along with Q4FY24 earnings.
Indian Equity Market Concludes FY24 on Strong Note, Sensex and Nifty50 Surge
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