Stock Market Today: The GIFT Nifty on the NSE IX fell by 58 points, or 0.27 percent, to 21,776.50, indicating that Dalal Street would likely have a poor start to the week. On the final trading day of 2023, the Nifty broke a five-day winning streak and formed a high wave or doji-style candle pattern. It ended the day 47 points lower. There was a long bull candle visible on the weekly charts. On Friday, the final trading day of 2023, U.S. stocks saw a slight decline, capping a strong year-end rally driven by investors anticipating looser monetary policy in the coming year.
Stock Market Today: Easing inflation in developed countries
The country’s exports will benefit from easing inflation in developed nations, declining interest rates, a gradual increase in global demand, and other factors. In 2024, total outbound shipments are anticipated to exceed $900 billion. Experts in international trade have predicted that the services sector will outperform the goods sector, with the nation’s total outbound shipments expected to reach over $900 billion in 2024 as opposed to an estimated $764 billion in 2023.
Foreign portfolio investors invest heavily in Indian equity market
Foreign portfolio investors (FPIs) made a stunning comeback in 2023, injecting Rs 1.7 lakh crore into the Indian equity markets, driven by their belief in the strong economic fundamentals of the nation in the face of difficult global conditions. FPIs have made significant investments in 2023 as a result of the notable increase in inflows of Rs 66,134 crore in December. FPI flows are anticipated to remain strong in the future. The founder of Fidel Folio and smallcase manager Kislay Upadhyay stated that their distribution is probably going to be selective.
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