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That’s the key takeaway from an informal Bloomberg News survey of 10 fund managers and strategists, seven of whom said the NSE Nifty 50 Index will rise in 2024.
The unprecedented win streak has pushed Indias stock market valuation above $4 trillion for the first time, closing in on Hong Kong. Survey respondents pointed to inflows from overseas investors, who have bought $20 billion worth of Indian stocks on a net basis so far this year, reversing a record withdrawal in 2022.