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After a stellar 17 percent return delivered by the Nifty in 2023, market experts and brokerages have mixed views on the index's performance in the year 2024.
Spot gold was up 1.2% to $2,069.34 per ounce as of 9:43 a.m. ET (1443 GMT), its highest since Dec. 4, putting it on course for a 1.8% weekly gain.
Nifty 50 is set to end 2023 with double-digit gain, marking eighth consecutive year of positive returns. 27 constituents of the index achieved new all-time highs this year.
Move by US central bank has markets anticipating cut in interest rates and that is good news for Hong Kong businesses and borrowers.
Despite the US Federal Reserve's hint at lower rates, the Reserve Bank of India (RBI) faces challenges with real interest rates, among the lowest in emerging markets. The RBI's 250 basis points rate hike hasn't significantly raised the real rate. Inflation dynamics pose a dilemma for the RBI in setting policy rates, balancing growth, financial stability, and currency considerations to ensure stable interest rates and liquidity.