December 19, 2023
Stocks

Nifty 50 records an 18% year-to-date surge, marking a 9% gain in the past two months. Wondering about your equity strategy? Here's the advice from experts.

The Nifty 50 and Sensex, key equity benchmarks, have reached record-high levels. The Nifty 50 has surged by over 18% year-to-date, with a 9% increase in the last two months alone. Both domestic and foreign investors are showing strong interest in the equity market, driven by a robust economic outlook, a consistent decline in US treasury yields, and expectations of imminent interest rate reductions. Despite the ongoing global economic slowdown, experts emphasize encouraging indicators in India's macroeconomic landscape. The growth forecast remains optimistic, inflation is well within the target range, and the bond market demonstrates stability. Additionally, the outcomes of recent state elections suggest a preference for a stable government leading up to the General Elections in 2024. This reinforces expectations of policy continuity and a favorable trajectory.

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