Business

India Stocks' Multiyear Record Rally Continues Despite A Sour End: 2024 Markets Wrap

The Nifty 50 index saw a mixed performance this year, with some stocks surpassing analysts’ expectations and others falling below predictions.

Indian stocks are poised to extend the rally to a record ninth consecutive year—even as geopolitical tensions, valuation concerns, and growth uncertainty loom large.The benchmark index Nifty 50 and the 30-stock Sensex are set to close 2024 with gains of nearly 8.8% and 8.

3%, respectively. This makes it nearly 50% below the gains made in the previous year. The benchmark indices saw gains similar to 2023 before global funds began their.

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