India’s Stock Market Predicted to Reach New Highs by End-2024

India’s Stock Market Predicted to Reach New Highs by End-2024

India’s stock market is predicted to continue its upward trajectory in the next six months, buoyed by the sustained expansion of the country’s fastest-growing major economy. According to a Reuters poll of equity strategists, 90% of analysts believe that Indian stocks will reach record highs in the coming months. The benchmark BSE Sensex index recently touched an all-time high, signaling the longest streak of gains in 16 years. Although the market is currently expensive compared to its peers, analysts remain optimistic about its growth potential. India’s economy, which is projected to grow over 6% in the next couple of years, is expected to drive domestic equities higher. Value stocks are also predicted to outperform growth stocks, as investors shift their focus from technology and other shares. The rise in young Indian investors has contributed to the surge in domestic equity prices. Moreover, analysts expect corporate earnings to increase over the next six months. Overall, India’s stock market is poised for a positive performance in the coming years, attracting both domestic and international investors.

Tags: , , , , , , ,

TIS Staff

wp_ghjkasd_staff

Leave a Reply

Your email address will not be published. Required fields are marked *