Stock Market In 2024: Indices Remain Behind Global Counterparts, Yet Deliver Strong Returns For Investors
ABP NewsThe domestic stock markets in 2024 witnessed a major roller coaster ride. Despite the challenges seen by the markets in the final quarter of 2024, investors saw strong yields from the year as midcap and smallcap stocks outperformed resulting in great returns for traders. This correction was also the third major decline seen by the markets since the COVID-19 pandemic in 2020, with consistent selling seen by Foreign Institutional Investors due to a mix of domestic and global factors, the brokerage noted. Prashanth Tapse, Senior VP Research, Research Analyst, Mehta Equities Ltd, said that the equity markets faced the brunt of the Israel-Iran conflict and the current Russia-Ukraine war in the year. “2024, was a year of tug of war between the bulls & bears marked by volatility majorly driven by global microeconomic data points followed by geopolitical tensions impacting markets.