As stock markets will navigate through general elections, inflation and various economic conditions, where will investors park their money in 2024? Will markets snap the gaining streak?
Indian markets have been on a gaining spree in last two months while the five state election results have further boosted sentiments, calming down jittery investors.
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Even as investors are betting on Indian stocks for higher returns in 2024, there is also a growing sense of caution due to the nervousness around the general elections in May and a widening inflation that may hit the overall cost of capital. Despite volatility and weakness in the first half of the year due to multiple factors such as geo-political crises, the rise in the bond yields and commodity prices increase, Indian markets are closing 2023 with healthy returns.