Indian Stock Market In 2024: The stock market of many countries including the Indian stock market has seen a strong rise in 2023. This rise was due to reduction in inflation and removal of the cloud of fear of economic recession. Due to this, there has been a record jump in the wealth of investors. On November 29, 2023, for the first time, the Indian stock market joined the club of stock markets with a valuation of 4 trillion dollars. But questions are already being raised about whether the new year 2024 will maintain the same pace as 2023.
The market will keep an eye on the election results
The Indian stock market may see huge fluctuations in the first six months of 2024. The reason is the Lok Sabha elections to be held in India in 2024. All market experts believe that if the Modi government comes to power at the Center for the third consecutive time, the rise in Indian markets may continue. Otherwise the market may face a big shock.
There are elections in America and UK also
Next year in 2024, elections to elect the national government are not going to be held only in India. Rather, in 2024, elections are going to be held to elect governments in more than 60 countries of the world in which more than 4 billion people will vote. Elections are going to be held in America and UK in 2024, due to which huge fluctuations can be seen in the stock markets around the world in 2024.
Why the Indian market may fall
Recently, Morgan Stanley said in its note that if the election results in the Lok Sabha elections to be held in April-May 2024 do not come as per the expectations of investors, the Indian stock market may fall by up to 30 percent. According to Morgan Stanley, the stock market may continue to rise due to the history of previous elections. But if the results are contrary to investors’ expectations, the market may slip down by 30 percent.
Earlier, Christopher Wood of Jefferies also said that Prime Minister in Lok Sabha elections
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