Sectoral Resilience Drives Indices to Record Highs

Market Watch

Domestic indices reached record highs in 2024, driven by sustained optimism across various sectors, with real estate emerging as the top performer

In an impressive turnaround, foreign portfolio investors (FPIs) infused ₹1.7 lakh crore into the Indian equity markets in 2023, buoyed by their trust in the country’s resilient economic fundamentals amidst a challenging global scenario. The Indian benchmark indices ended the year 2023 with great optimism, gaining around 20 per cent during the period, whereas the start of 2024 was comparatively muted. Despite a modest decline following record highs in the first trading session of the year, the indices ended the first week in positive territory.