That could prompt you to wait for a correction to time the market. However, that is a tricky idea. If you waited the entire 2024 for the right opportunity, holding more cash in your bank deposits than equity assets, you could feel worse than just fear of missing out or FOMO.
The nifty and Sensex are among the best-performing stock market indices in the world in 2024. There is no sight of any event that could trigger a correction. That is despite everyone accepting that there are geo-political tensions due to global conflicts. There are signs of a slowdown in Europe. While the US economy is strong and inflation is controlled, job growth is slowing. In India, an analysis in the latest bulletin published by the national Stock Exchange of non-banking nifty 50 companies’ financial results for the quarter ended June 2024 showed that the operating profit growth for nifty 50 companies slowed at a pace last seen five years ago.
Unabated rally
هذه القصة مأخوذة من طبعة September 23, 2024 من The New Indian Express.
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 September 23, 2024 من The New Indian Express.
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
Discovering Games at the Most Unexpected Places
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Margazhi moves on timeless tunes
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Vaishali clinches bronze in World Blitz
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New Year celebrations in Sydney surreal experience
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OMCs slash price of ATF, commercial LPG cylinder
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Car sales slow to multi-yr low in CY24
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Air India rolls out in-flight Wi-Fi connectivity
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Telecom ARPU rises 15.31% in Jun-Sept quarter, Airtel leads with ₹233 per user
AVERAGE revenue per user (ARPU) of telecom service providers has seen substantial increase of 15.31% year-on-year in June-September quarter of the financial year 2024-25.
