Investors in the equity market gain wealth by Rs 80.62 trillion in 2023.
Dalal Street investors saw a staggering increase in wealth of Rs 80.62 lakh crore in 2023 as a fantastic surge in stocks was driven by a number of good causes, making it a remarkable year for the equity market.
Market for stocks: Bloomberg
Indian Press TrustDelhi, New
five minutes to read Last updated at 9:21 AM IST on December 29, 2023.
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Dalal Street investors saw a staggering increase in wealth of Rs 80.62 trillion in 2023, a year that will go down in history for the equities market, thanks to a fantastic run in stocks driven by a number of good reasons.
Experts cited India's solid macroeconomic foundation, political stability as a result of the BJP's recent electoral victories in three key states, and positive corporate earnings
NSE's futures and options turnover has doubled due to a surge in retail trading.
Currently, almost 25% of the average daily turnover in derivatives is made up of retail investors. In 2023, about 8 million individual investors engaged in trading within this segment.
National Stock Exchange (NSE) and nifty50
According to data compiled by Bloomberg, it stood at $5.04 trillion on Tuesday based on the 10-Day Moving Average, up from $2.5 trillion at the end of 2022.
Bloomberg read for two minutes Last updated at 9:11 AM IST on December 29, 2023.
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Written by Chiranjivi Chakraborty and Ashutosh Joshi
An increasing number of Indian investors are taking on riskier wagers and experimenting with equities in the hopes of turning a profit quickly.
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Indian equities are continuing their record eight-year winning run.
That's the main conclusion from a casual Bloomberg News poll of ten strategists and money managers, seven of whom predicted an increase in the NSE Nifty 50 Index in 2024.
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Bloomberg, three minutes to read Last updated at 8:19 AM IST on December 29, 2023.
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By Bloomberg News
After capping what would be a record eight-year winning run in 2023, Indian equities are expected to surge even higher on predictions of robust growth in corporate profitability and sustained inflows from both international and domestic investors.
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That's the main finding from a casual Bloomberg News poll of ten fund
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