Business Samachar

Bull run likely to continue in 2024 posted by NILESH WAGHELA  Mumbai: Equity market set for eventful journey on LS polls, interest rate trajectory in  2024 as well.  Analysts are of the view that the bull run in domestic equity market will continue.  Analysts are of the view that the bull run in domestic equity market will continue With tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings.  Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.  Lok Sabha elections, the US Presidential polls, the trajectory of inte...

Sensex down 1,600 points in 3 days; Rs 5.4 lakh crore loss Headline equity index Sensex, which was on its longest winning streak since 2007 by rallying non-stop for 11 days last week, has now lost over 1,600 points in a span of just 3 days with Dalal Street investors being poorer by about Rs 5.4 lakh crore. Sensex lost 242 points on Monday, 796 points on Wednesday and over 570 points on Thursday, taking the total loss to 1,608 points this week. The market was shut on Tuesday to mark Ganesh Chaturthi festival.  "Domestic market declined following a hawkish stance by the Fed chair and prolonged high interest rate trajectory which is not positive for a slowing global economy. PSU Banks and Mid & Smallcaps were the worst hit due to stretched valuations and concern over moderation in yields. Rising oil prices and erratic rainfall further led investors to stay cautious in the market." said Vinod Nair, Head of Research at Geojit Financial Services. The Sensex, India's headli...