2023 in Review: What made this year unique for equity market? 3 experts answer
₹17,000 crores. The year 2023 proved to be an intriguing one for the Indian equity market, characterised by notable volatility in the first half led by the Hawkish central bank, rising bond yields, and other macroeconomic challenges.
These occurrences collectively subdued market performance in the first half of Samvat. However, in the second half, the Indian market remarkably recovered from its Mar '23 bottom.
This rally further strengthened during December 2023 after the three back-to-back events turned in favour of the equity market such as the results of the assembly elections in three out of five key states have raised the expectations of policy continuity in 2024, boosting the market confidence, the status quo maintained by the RBI, with a positive revision in FY24 GDP from 6.5% to 7 % and the dovish narrative from the US FED in the FOMC meeting. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decision.Milestone Alert!
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