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
هذه القصة مأخوذة من طبعة January 01, 2024 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 01, 2024 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
