Year-ender 2024: Reflecting on the year in markets with case studies of 6 stocks
The announcement of the Union Budget 2024-2025, outlined an ambitious expenditure plan of ₹48.21 lakh crore, aimed at revitalizing industries with an ₹11.1 lakh crore capital investment in infrastructure, ₹2.66 lakh crore for rural development, and ₹1.48 lakh crore for the education sector, jobs, and skill development, aiming to foster technological advancement and equip the workforce with necessary skills.
Another pivotal moment came in October with China’s announcement of a $1.4 trillion stimulus package. Aimed at reigniting its slowing economy, the move had a ripple effect across global markets. In India, it triggered a record outflow of ₹85,000 crore by Foreign Institutional Investors (FIIs), who were lured by attractive opportunities in China. However, Domestic Institutional Investors (DIIs) rose to the occasion, injecting nearly ₹1 lakh crore into the market and ensuring stability. The stimulus also boosted commodity-linked sectors like metals and mining, even as it raised concerns in manufacturing industries that faced tougher competition from China.
While the markets adjusted to these global currents, India’s IPO story was making history. By December 2024, 298 companies have gone public, raising a staggering ₹1.406 trillion — an increase of 139% over the previous year. Retail investors played a significant role in driving this momentum, their enthusiasm powering a surge in both mainboard and SME listings.
Amid these developments, Systematic Investment Plans (SIPs), reached unprecedented heights. By
